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...development, according to government officials and the property tribunal....
...In a research note on Monday, Bank of America analysts said they had “several conversations” with the NYCB management team over the past 48 hours....
...JPMorgan Asset Management and State Street Global Advisors both confirmed they were leaving Climate Action 100+....
...Senior executives at the bank have told the FT they are also exploring legal action....
...Other countries and cities have already taken action. New York began in September enforcing a de facto ban on short-term rentals. Barcelona was an early mover against sites such as Airbnb....
...Sotheby’s can pay its agents more, Azar said, in part because he has torn up the traditional system of neighbourhood offices, giving his agents geographic freedom and cutting layers of management....
...After taking the keys to the auction house, Drahi then layered on hundreds of millions of dollars more debt by mortgaging off Sotheby’s trophy properties in London and New York....
...Liontrust’s fortunes illustrate how M&A is not a panacea for the challenges facing the fund management industry....
...“It’s the dollar losing utility as an asset to store trade surpluses,” says John Hathaway, managing partner of Sprott Inc, a Canadian asset manager specialising in metals....
...Back in Europe, some are sceptical that Brussels’ actions will have the desired effect....
...JPMorgan Asset Management, Pimco and State Street Global Advisors this month announced they would leave Climate Action 100+, an initiative to encourage companies to take action on climate change....
...However, the rating agency did say that it saw the suspension of debt payments as “a portfolio management exercise by BPY, not a default”, and that parent Brookfield Corporation, with $850bn of assets under...
...Moody’s said NYCB faced numerous “financial, management and risk management” issues....
...Alexander Yokum, an analyst at CFRA, downgraded NYCB’s shares to “hold” on Wednesday, saying: “Our diminished view reflects falling confidence in management’s ability to integrate its recent acquisitions...
...US hedge fund Elliott Management has instead been on a buying spree, betting that the market has grown too pessimistic over potential losses....
...The decline moderated, leaving shares down almost 26 per cent on the day and taking their year-to-date drop to 65 per cent amid worries about the US regional lender’s exposure to the commercial property...
...Vanessa Errecarte is a lecturer in marketing at the UC Davis Graduate School of Management and owns a branding and digital marketing consultancy, Marketing Simplified...
...proposals on the issue by key Climate Action 100+ investors — who are supposed to be ensuring that polluting companies take action....
...Witness the spate of high-level desertions suffered by Climate Action 100+, an association of investors that engages with polluting companies to reduce emissions....
...We take action against those who seek to avoid tax.”...
...Hedge funds are challenging private equity firms over restrictions that dictate who can lend to or buy the debt of buyout-backed companies, weighing legal action to capitalise on a surge in corporate distress...
...Gene Munster at Deepwater Asset Management said he was surprised by Apple’s decision to settle the case, given companies commonly offer commentary on market trends....
...Even Etsy got a piece of the action, up 5.8 per cent. Still, management hasn’t responded publicly to the Dec 1 offer....
...A third property fund, run by Canada Life Asset Management, at the beginning of the month announced plans to close for the same reason....
...It also announced the legal action, filing complaints against Corinthia and two of its former executives, Fowler and Kelsey Tucker....
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