Hints and tips:
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...That attitude is why most people aren’t corporate lawyers....
...Particularly for Peel Hunt, one of Victoria’s corporate brokers....
...We maintain a voluntary supplier finance program (SFP) with a financial institution which provides certain suppliers the option, at their sole discretion, to participate in the program and sell their receivables...
...Email me your thoughts at sid.v@ft.com. Latest news Amy Kazmin in Rome has a fascinating piece on why Giorgia Meloni is pushing back on Italy’s shift to digital payments....
...kadhim@ft.com / sid.v@ft.com...
...It told investors on Tuesday it would take $241mn in “brand portfolio impairment charges” and a separate $241mn in “Russia-Ukraine conflict charges”, relating to its need to write off receivables and the...
...The exposure, based on end-2021 figures, was made up of $8.2bn at its investment banking and retail banking operations in Russia through corporate and consumer loans, local government debt, reverse repurchase...
...A version of this article was first published by Nikkei Asia on July 22. ©2022 Nikkei Inc. All rights reserved....
...“You can have a corporate entity use that for branding, but more importantly, you can then get to tell a story about how [much of a] cool and forward-looking brand you are.”...
...Here is the sell-off in the S&P over the past month, compared with an index of the very riskiest corporate bond spreads....
...In an emailed statement to the Financial Times, the Japanese group said that “prudent risk management, strong corporate governance and internal controls have been the foundation of Tokio Marine’s enduring...
...‘Perfect scenario’ Those look like V-shaped projections, Andrew Glenn thought to himself....
...If there is a sense from this earnings season that confidence in a V-shaped recovery for profits is misplaced, then the impact will probably be hardest on companies with weak balance sheets, and on those...
...There was a surprise profit, which can be wholly explained by the sale of regulatory credits; an accounts receivable balance unaffected by a 19 per cent quarter-on-quarter decline in revenues; a yearly operating...
...“Markets are pricing a V [shaped recovery], everyone’s coming back to work, and this is going to be fine,” Mr Falco said. “I don’t think it’s going to be that easy quite frankly.”...
...Some hope a bigger fillip to Britain Inc will come from lower oil prices, but that is a vain hope....
...“This is not going to be a V-shaped recovery from here given the many months [or] years it will take for full repair, but it feels good now.”...
...Anyway, there’s much to enjoy in the paper for policy wonks, technologists or historians, so do have a read if you want a break from wondering whether we’ll have a V-shaped recovery or not....
...Tesla’s receivable balance — the money owed to it from customers — remains a question mark....
...USA Inc — in other words offering a dire signal on the outlook”....
...Boards may feel comfortable giving themselves a pass because the top court in Delaware, where most US companies are incorporated, ruled in the 2000 case of White v Panic that an all-male corporate board’...
...The coronavirus pandemic has turned the US government into a financing source of last resort for swaths of corporate America, but the socialisation of risk and the picking of winners and losers has concerned...
...De-Risked receivables: With 25% of the Utilities division debtors written down to zero, a material overhang has been removed....
...“With public market values falling so much, a buyer needs to determine whether the valuation represents the new normal or whether there is going to be a V-shaped recovery in terms of earnings or valuation...
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