Hints and tips:
Related Special Reports
...JO Hambro Capital Management severed its 10-year relationship by selling out of Abrdn last year....
...Email Jo at jo.ellison@ft.com Find out about our latest stories first — follow FT Weekend on Instagram and X, and subscribe to our podcast Life & Art wherever you listen...
...Having only seen the nave used for elaborately staged Chanel shows in the past decade, I have found it quite a revelation to admire the empty space. Left Bank or Right? That is the question....
...The bank moved to its current premises on Rue de la Corraterie in 1858, and several years ago I had the chance to visit and take part in a panel discussion about the state of luxury....
...Likewise, with bullion lifts in banks. “Who knows what the weather will be this year?” I said. “It doesn’t look like it’ll be the same, does it. But who knows?...
...We are in what Clothier describes as the “tulip stage” where “literally anything can happen”....
...Email Jo at jo.ellison@ft.com Find out about our latest stories first — follow @ftweekend Letter in response to this article: The key to our fascination with Ancient Rome / From Daniel Seifert, Singapore...
...A second plotline revolving around a Nasa scientist (played by a habitually gruff Jonathan Banks) who was remotely overseeing an arcane experiment on the ISS at the time of the explosion only raises further...
...Jefferies chief executive Rich Handler has sold $65mn of his stock in the Wall Street investment bank to buy a luxury yacht from longtime client Tilman Fertitta....
...The odds are it will be coming from card-issuing banks such as JPMorgan, Citigroup or Bank of America rather than Visa or Mastercard. Banks have plenty of ways to offset lower interchange fees....
...Net profits for bank and broker Nomura surged almost 670 per cent from a year earlier in its latest quarter, as Tokyo stocks eclipsed their 1980s bubble-era high and Japanese companies raced to raise funds...
...That such a large share of the workforce might be working for “a bunch of troubled portfolio companies” is . . . sobering? Then there are the banks....
...The biggest profit driver was Citi’s corporate and investment bank, where fees jumped about 50 per cent from a year ago....
...Deutsche Bank has hired Alexandre Lotfi as head of wealth management lending for the UK and central Europe at its private bank. He previously worked for the Bank of Singapore....
...JPMorgan Chase, Bank of America, Wells Fargo and Citigroup collectively made $253bn in net interest income (NII) for the whole of 2023 — a 19 per cent jump from 2022’s total....
...A version of this article was first published by Nikkei Asia on March 30. ©2023 Nikkei Inc. All rights reserved....
...The Delaware court this year invalidated such a practice at the investment bank Moelis & Co, which had given its founder veto power over nearly all of the standard work conducted by a board of directors....
...NYCB gets worse It is a sign of our times that a pretty big US bank is in deep crisis and nobody much cares....
...Nonetheless, James Shin, a biopharma analyst at Deutsche Bank, said the sharp increase in biosimilar prescriptions in recent weeks would be “alarming” to AbbVie....
...He joined the merchant bank last May to expand its European operations....
...“But the fact that the announced M&A is up is a good indication that you should see a pick-up of revenues later in the year.”...
...That’s the way it is now inside the big banks. Banks strike back at private credit A dearth of large buyouts to kick off 2024 has clouded hopes of a deal rebound....
...But all three generate surprisingly big chunks of their operating income from profit-sharing agreements with their partner banks....
...“These are extraordinary concessions by Visa, Mastercard and the banks,” said Jaret Seiberg, an analyst at brokerage TD Cowen, who added that the settlement could represent a threat to credit card rewards...
...If a company has money on hand, there are six options: bank it; pay down debt; invest internally; make an acquisition; buy back shares; or pay a dividend....
International Edition