Hints and tips:
...For example, Wolfe Research remains independent but in 2020 entered into a “strategic alliance” with Nomura, with a similar model to the SocGen-Bernstein tie-up (ie Wolfe comes up with the ideas, and Nomura...
...We would refrain from thinking in SOTP terms given the ongoing cash neutrality of the OCDO jv, but recognise the uplift to gross margins it provides to Food gm....
...BofA certainly had greater hopes for its strategic alliance with CCB than ever came to fruition – although $15bn in profits over 8 years on its ownership of the stake will soothe that disappointment a touch...
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