Hints and tips:
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...Odey has now been ousted and Odey Asset Management is being dismantled. We did not expect it to survive intact....
...It limits credit risk and is available on the exchange.”...
...firm. 26North aims to be a contender in financial markets including private equity, credit and insurance....
...His hedge fund mentor, Vivek Kapoor, a former Credit Suisse executive and chief investment officer of Volaris Capital, confirmed his story....
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...We started with a digital ledger app for MSMEs with financial management functionality and an option to automate payment collection reminders for customers....
...Linklaters has named Paul Lewis as the new firmwide managing partner, succeeding Gideon Moore. He was previously the head of Linklaters’ finance division and co-head of the innovation group....
...Laster wrote, “‘[b]ased on the contemporaneous documents, it is difficult to credit Jones’s denials as anything other than the product as wilful blindness . . ....
...Lockstep compensation, which ties pay to time served, was devised by the revered US firm Cravath, Swaine & Moore in the 19th century....
...During the 1980s and 1990s, she says, companies putting in orders were collapsing so quickly they rarely extended lines of credit....
...Credit markets also tallied losses, with a closely followed fund that buys junk bonds, known by its ticker HYG, declining 0.7 per cent....
...On the last Sunday of April 2019, a sleek Gulfstream V jet belonging to Occidental Petroleum touched down at Omaha airport....
...Xerox wants to give HP’s board its walking papers We’re all guilty of overusing the David v Goliath trope but in the case of Xerox and HP, it really does apply....
...Louis Dreyfus Company has named Patrick Treuer, a former Credit Suisse investment banker, as its new chief financial officer in the latest management reshuffle at the grain trader. More here....
...He credits this with increasing collaboration....
...Our 2% TP cut reflects management’s c.6.5% capex/sales budget going forward (SGe previously c.6%)....
...WPP will also reduce is planned capex from £400m to v£300m....
...The four new hires were announced by Nat Zilkha, the KKR head of alternative credit who will serve as Gibson’s chairman....
...Credit Suisse was the sole underwriter of the Social Capital flotation. Shares were allocated to a concentrated group of investors, including mutual funds, hedge funds and sovereign wealth funds....
...The active management of legacy fleet costs is a really big thing....
...“Does the company remain committed to debt reduction or move back to a more growth-focused approach,” said Liam Fitzpatrick, analyst at Credit Suisse....
...John Rogers, credit analyst at Moody’s, called the results “not great” and said prospects for another year of large crops meant continued pressure....
...Mr Beatty joins the SFr300bn Swiss private banking group after 11 years at Credit Suisse....
...Three smaller deals which priced in 2016 — Paragon Commercial, Midland State and Argentina’s Grupo Supervielle — are all up....
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