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...The deal under discussion would see Brookfield invest more than $1.5bn to buy a majority interest in Castlelake and make a large investment in its funds, three people briefed on the matter told the Financial...
...UBS agreed to rescue Credit Suisse last March in a deal orchestrated by Switzerland’s finance ministry, financial regulator and central bank....
...By contrast, CDFIs and credit unions managed more than $150bn in the US in 2019, according to a report by social impact investor Big Society Capital, which is also backing the fund....
...Another 50 cents is collected by the merchant acquirer, or companies such as Block or Stripe that provide the shop’s point-of-sale service system....
...The backlog is four times larger by value than it was during the global financial crisis. Not all these unsold companies will be duds....
...and small banks as merchants gained the ability to steer customers to preferred credit cards....
...During the period Scope Group entities provided other advisory services to Greensill as well as credit ratings, such as “industry risk reports” Esma said, and it failed to flag these services when rating...
...Going public will also boost CVC’s visibility in the competition for investor cash and talent, the Financial Times previously reported....
...Corinthia told the Financial Times that it had offered Barings to manage some of its funds after these top executives had resigned....
...Several of the bank’s businesses — including credit cards and corporate transaction services — did better than expected in a quarter that many thought would be marred by the upheaval of the restructuring...
...Full-service banks such as JPMorgan are built for scale — ie getting as many deals through the door as possible — so there’s only so much impact any one individual can make. That’s intentional....
...The notion of a pan-European financial services champion has been much discussed, with little action. The Danish Compromise, at least, gives some reason to reconsider those opportunities....
...In July 2021, the SEC fined UBS Financial Services, now owned by Credit Suisse, $8mn for holding short-term, volatility-linked ETPs for customers longer than designed....
...Consultants draw parallels with the kind of credit used to back some interest rate swaps that blew up in the 2008 financial crisis....
...Bank of England deputy governor Sarah Breeden has called for more research into non-bank lenders to stave off a “credit crunch” that could be triggered by a retreat of hedge funds, pension funds, insurers...
...Industry association Sifma argued in a public comment before the rule was adopted that the FTC did not have the power to regulate banks and credit unions....
...Larger, healthy banks can extend more credit, which supports companies and overall economic growth....
...President Joe Biden mentioned travel fees in his State of the Union address, saying his administration had proposed making “cable, travel, utilities and online ticket sellers tell you the total price up...
...Marie Nilsson, the head of the IF Metall union behind the strike against Tesla, told the Financial Times that the famed Swedish model — developed in the 1930s — was at the heart of the country’s prosperity...
...DBRS’s report also contains this wonderful description of Sotheby’s Financial Services’ collection strategy if any deadbeat art collectors fall behind on their payments: SFS employs a strategy for collections...
...“I’d say we have quite a few and we have a lot of quietly ambitious family-owned firms that are growing very strongly,” Leo Clancy, chief executive of Enterprise Ireland told the Financial Times....
...Job moves Centerview has hired former Credit Suisse co-head of Emea financial institutions group Israel Fernández as a partner, Financial News reports....
...-The DD team In today’s newsletter: Banks chase after private credit Japanese financial titans square off This Thanksgiving, banks were thankful for private credit Find someone who loves you like banks...
...“Things have dramatically changed,” said Zerlina Zeng, a senior credit analyst at CreditSights, adding that Ant’s expansion into the traditional financial services sector had been curbed....
...Frankfurt-based asset manager DWS and Union Investment told the FT they also planned to vote in favour of the two chairs....
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