Hints and tips:
...Former Lehman Brothers banker David Kim is retiring as chief operating officer of PAG’s private equity business after 13 years at the firm, per Bloomberg....
...“The central bankers had fallen behind the curve, having failed to anticipate that the massive expansion of the Fed’s balance sheet would be difficult to reverse and that a decade-plus of low interest rate...
...That year, a talented First Boston mortgage bond trader who had suffered losses, Lawrence Fink, would also leave to start a money manager that would eventually become BlackRock....
...The last time the industry saw such a big haul was in 2007 when John Paulson made about $15.6bn betting against subprime mortgages. It’s a huge feat for the soon-to-be Florida-based firm....
...The Big Short movie chronicled short selling directed against US mortgage-backed securities while the Netflix documentary Skandal!...
...Rudy de Back, a 51-year-old banker originally from Holland, is considering a purchase....
...Olesky, a former banker at Credit Suisse, launched Tradeweb as a rival to the investment banks that dominated credit trading on Wall Street....
...One thing to start: Intercontinental Exchange has deepened its push into the US housing market data business, striking the largest deal in its history by agreeing to purchase mortgage software company Black...
...If you spend your days talking to bankers and fund managers, one name has been coming up more and more: Miami....
...Or they want to own their home through an LLC [limited liability company] — maybe a celebrity who wants to keep their identity private,” she says....
...“The bigger equity cheque is somewhat by necessity,” says the banker. “There’s only so much the debt market can provide.”...
...Its collapse is at the centre of a financial and political scandal that has engulfed Swiss bankers, Australian insurers and former UK prime minister David Cameron....
...James Anderson, who has managed the £17.5bn Scottish Mortgage Investment Trust since 2000, will step down in April next year. Read more here....
...By 2011 and with the economy in recovery, there were no longer any bargains in mortgage-backed securities....
...Take former Citigroup banker Michael Klein, for example....
...Perella was one of the first specialist M&A bankers, making his name at First Boston in the 1970s....
...Since starting out at Drexel Burnham Lambert under “junk bond king” Michael Milken, the former investment banker had become one of Wall Street’s inveterate winners....
...JPMorgan is the lead banker and joint book-running managers are Citigroup, Goldman Sachs and Morgan Stanley....
...JPMorgan was the lead banker on the IPO; joint book-running managers were Citigroup, Goldman Sachs and Morgan Stanley....
...During the financial crisis a decade ago, big banks were brought to their knees by reckless traders who made outsized bets on complex mortgage securities....
...Only bankers, fund managers, financial advisers and, crucially, data gathering businesses have the ability to help themselves to your stuff....
...Mr Noto, a former Goldman Sachs banker who joined Twitter in 2014 after helping take the company public, could be confirmed as chief executive of the online lender in coming days, according to two people...
...In a world in which the central bank targets the nominal interest rate to control inflation, that’s how it works, and central bankers would be wise to absorb that idea....
...Shares of homebuilders also slipped, as the tax plan would limit Americans’ ability to deduct mortgage interest costs from their taxable income....
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