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...Rohit Chopra, director of the Consumer Financial Protection Bureau, warned about the effects of large deals on competition and financial stability....
...Citic, CSC Financial, CICC, Huatai and Guotai Junan did not respond to requests for comment....
...Moody’s is to leave its office in Canary Wharf in favour of new premises in the City, making it the latest high-profile financial tenant to abandon London’s Docklands for the Square Mile....
...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...Derek Bok, Harvard’s longest-serving living president, who ran the university from 1971 to 1991 and again from 2006 to 2007, told the Financial Times: “Letting in people because their parents are rich and...
...The financial industry association also declined to comment....
...Alumni pressure helped trigger a shake-up leading to the resignation of Scott Bok as chair of the board of trustees, and the departure of Liz Magill as president after she struggled at a congressional hearing...
US manager known for aggressive approach bets markets are too pessimistic about potential losses on utility’s debt
...McKernan told the Financial Times he wants to monitor compliance with those “passivity letters” by asset managers....
...In debt financing, default rates are a guiding metric for investors, measuring how often a financial obligation is unmet....
...Spac Saviour A Spac deal involving Donald Trump’s social media platform Truth Social could provide the former US president with a financial lifeline to pay a $454mn penalty, the New York Times writes....
...“Investors basically invest at their own risk, but the financial firms will have to take responsibility for their acts if they neglected their duty of protecting customers,” said FSS governor Lee Bok-hyun...
‘When honey is not honey’
...The US Financial Industry Regulatory Authority hit two Stifel broker-dealer divisions with $2.3mn in fines and restitution over unsuitable recommendations on leveraged exchange traded products....
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...Bok’s day job at Greenhill would also become part of the controversy....
...If the guidelines come into force, it will be the first time since the financial crisis that the watchdog has updated its rules governing takeovers....
...TMTG became a publicly listed company after merging with a cash-rich Spac called Digital World Acquisition Corp, several of whose founders have taken legal action....
...Equity swaps are financial instruments that allow investors to gain exposure to a stock. They are commonly used by hedge funds to build positions in companies and are typically facilitated by big banks....
Its Luxembourg Sicav board has said costs might affect certain sub-funds ‘particularly on large flows’
...A post mortem by the Financial Stability Board found Swiss authorities would have been capable of shutting down Credit Suisse....
...The answer matters because the financial system is currently beset by a tottering pile of cheap CRE loans....
...Scott Bok, the chair and chief executive of Greenhill & Co, is set to collect as much as $78mn in payouts as a result of the boutique bank’s $550mn sale to Japan’s Mizuho Financial Group....
...When the bill comes due, Capital One Financial will need to show it has the funds....
...Perhaps unsurprisingly, the fate of a water utility stirs up greater emotion than more typical investment targets for financial investors such as niche software companies....
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