Hints and tips:
...Francisco Monaldi, director of the Latin America Energy Program at Rice University’s Baker Institute, said the move to buy Isa made sense from a political perspective, and provided cash to Colombia’s previous...
...A survey from Bank of America this month found that only 14 per cent of fund managers expected a V shaped recovery, compared with 44 per cent predicting a U-shaped one....
...Bank of America has promoted senior investment bankers Will Addas, Gary Howe and Giorgio Cocini to run its global financial institutions investment banking group....
...Ted Baker pushed back the publication of full-year results due this week to June 10 because of “disruption caused by Covid on the audit processes.”...
...Alireza Zaimi, a former Bank of America financier who joined the PIF in 2017 to run corporate finance, will take on a new role as special adviser to the fund’s governor Yasir al-Rumayyan....
...That would be “Die Deutsche Bank Filiale Nurnberg v Humphrey”, which says “the exchange rate from the date of domestic judgment should be used”....
...Russ Dallen, head of boutique investment bank Caracas Capital Markets, pointed out that “previous sanctions on a joint-Russian/Venezuelan bank also led to a similar outcome, with [Russian state lenders]...
...Brian Moynihan, chief executive of Bank of America, says the $2tn stimulus agreed last week by US lawmakers was of “a substantial size and dimension that most of us think is big enough to help do the trick...
...The IMF is authorised to do so by Article V, Section 2(b) of the IMF’s Articles of Agreement, which constitute an international treaty among the 189 IMF member countries....
...If you want a flavour of this complex dealmaking, check out Lex on his latest ploy at Liberty Latin America....
...“It is one of the worst collapses in history,” says Francisco Monaldi, a fellow in Latin American energy policy at the Baker Institute. PDVSA’s demise has rippled through the country....
...And the Opec member’s exports are seen to be dropping sharply as troubles mount for PDVSA, with Russ Dallen of investment bank Caracas Capital saying that the company faces “an avalanche” of lawsuits over...
...Several sources familiar with the matter said that banks led by Bank of America, Deutsche Bank and Goldman Sachs have provided hard underwriting for the deal, which could mean they are on the hook for losses...
...But, again, it will be a brave investment bank that buys into Venezuelan bonds, not only because of the risk of default but because of the reputational fallout....
...Those data points are especially important because the Bank of England will release its rate decision on Thursday, he says....
...In May 2015, for example, six global banks paid the US Department of Justice a total of $5.6bn to settle allegations of rigging....
...Mr Fishbein is recognised in this year’s report for his representation of Todd Newman in the landmark US v Newman case, which clarified the definition of insider trading....
...Just 19 per cent of US mutual funds that invest in S&P 500 companies outperformed the index in the first quarter, according to Bank of America Merrill Lynch, the lowest success rate since 1998....
...Forwarded How to run a Russian hacking ring The cacophony of news about data breaches, ransomware and bank thefts has made hackers sound like omnipotent super-villains....
...“They are already showing a pattern of growing these companies,” says Beatriz Araújo, an M&A Partner with Baker & McKenzie. “So those investments are the beginning of growth.”...
...But now the former systems analyst, who rose from a middle-class family to co-found BTG Pactual, Latin America’s biggest independent investment bank, is facing his own crisis, one that has the potential...
...“There was a lot of optimism at the start,” says Pablo Berckholtz, the head of Baker & McKenzie’s capital markets practice in Lima....
...This may change next year, but not dramatically, according to Steve Baronoff, chairman of global M&A at Bank of America....
...Now we are clustered round his assistant’s iMac, looking at images of the huge frieze of figures that had been power-hosed into existence along the banks of the Tiber....
...Search for new markets in Asia/Latin America involves higher costs and risks....
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