Hints and tips:
Related Special Reports
...The Capital One deal will relegate Jamie Dimon’s bank to second place....
...resolve the fate of $2bn of Venezuelan central bank gold reserves held at the Bank of England....
...Paris has emerged as the biggest winner, with Wall Street banks such as JPMorgan and Bank of America choosing the French capital for their main post-Brexit European centre....
...Last year, UK financial regulators and the Bank of England warned of major risks if cloud companies were hacked or failed....
...The hedge fund, which offers clients monthly liquidity, has been trying to secure longer-term capital that will help it better withstand periods of stress amid a higher interest rate environment and an escalating...
...Capital One, known in America for its “What’s in your wallet?” advertising slogan delivered by celebrities such as Samuel L Jackson and Jennifer Garner, is the 12th-biggest US bank by assets....
...Capital One itself has been a success story as an upstart lender. It has emphasised its technology prowess in building a digital-first bank....
...US hedge fund Schonfeld Strategic Advisors is cutting 15 per cent of its workforce in a cost-cutting drive after walking away from talks with larger rival Millennium Management earlier this week....
...The original Credit Suisse deal with Apollo led to the alternative investment manager taking on one of the Swiss bank’s most profitable divisions, but one that required a lot of capital....
...Multi-manager hedge funds typically allocate capital across tens or hundreds of trading teams that operate a variety of different strategies, and are overseen by a centralised risk management system designed...
...The risk in that mezzanine category of capital is no longer at the banks. It’s diffused in the market, which is good....
...The Spanish lender hired Morgan Stanley M&A banker David Luwisch, former Jefferies industrials banker David Bradley and former Bank of America financial sponsors banker Andrew Greenwald....
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome loans in favour of a cheaper alternative, according to data from Bank of America....
...However, the board of the State Street Global Advisors Luxembourg Sicav, an open-ended investment fund structure, told investors earlier this month that it will not reduce the settlement cycle of its funds...
...Wednesday’s private financing panel held in the World Bank’s atrium sent a subtle message to the organisation’s workers that changes are under way, an executive at one of North America’s largest pension...
...which is owned by MassMutual, one of America’s biggest life insurers....
...Alongside America’s highways, billboards jostle for drivers’ attention....
...Climate finance The cost of climate change for low-income countries At the joint spring meeting of the IMF and World Bank here in Washington DC, global warming concerns quickly jumped to the fore....
...Two such managers, Dimensional Fund Advisors and Capital Group, have launched entirely new ETF franchises. JPMorgan has taken a $20bn ETF arm and grown its assets well above $100bn....
...He was early to spot the potential of venture capital and was a day-one investor in Sequoia Capital, Benchmark Capital, biotechnology specialist Baker Brothers Advisors and Hillhouse Investment’s Asia-Pacific...
...“Capital One is a healthy, well-managed, well-capitalised bank. Discover less so,” said one bank M&A lawyer. “Part of this is regulators having Capital One solve a problem for them.”...
...American banks own a significant amount of US government debt. As the yield on that rises, the paper losses associated with the holdings rapidly multiply....
...The increase in deals has been partly spurred by an anticipation of rate cuts from central banks, which investors think could come as early as June....
...Jason Ho, Asia leader at FTI Capital Advisors, which focuses on corporate finance and restructuring in the region, said many big state-backed banks had been involved in offshore lending, but one or two including...
...The pile of unallocated capital, aka dry powder, is vast. Data from Silicon Valley Bank puts the total at $277bn, while the National Venture Capital Association says it is closer to $312bn....
International Edition