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...Since the only asset of the Sorrento affiliate was a bank account created days before filing, that was enough. Why did Sorrento want to file in Houston?...
...And a new generation of leaders are increasingly embracing strategies employed by Warren Buffett, the architect of America’s pre-eminent investment conglomerate, reports DD’s Antoine Gara....
...In early November, the bank confirmed it was on track to generate an operating profit of at least €240mn in 2023....
...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...
...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....
...Bank of America cut the compensation of its top executive Brian Moyniahn by 3 per cent, or $1mn to $29mn in 2023, a year when the company’s bottom line shrunk and its stock lagged rivals....
...This sly three-hour slow-burner is a crime drama of sorts — until it isn’t. It begins with a solitary middle-aged man, Morán (Daniel Elías), weary of the monotonous grind of working at a bank....
...Bank of America has sent “letters of education” to employees who have not been showing up at the office, warning them of disciplinary action, in the latest move from a large company to push staff back to...
...Fed chair Jay Powell said on Tuesday it was likely to take “longer than expected” for inflation to reach the target level that would allow the central bank to cut rates....
...That is a small fraction of the $73bn the industry raised for retail-oriented funds last year according to investment bank Robert Stanger....
...“We’re getting calls from folks that are wanting to be acquirers of some of those banks....
...Disney has paid JPMorgan more than $160mn in fees since 2014, more than to any other investment bank, according to LSEG data....
...Third-quarter profits at Bank of America beat expectations, but growth lagged rivals because the bank still has hundreds of billions of dollars of low yielding bonds that it bought during the pandemic....
...“But the cost of servicing debt is most painful in low-income countries....
...“Having a local farmer servicing a site can help keep theft down, plus you have someone who’s better equipped to steward the land than a traditional mower,” said Shannon Scarbrough, Greenbacker’s sustainability...
...It’s a theoretical number,” said Nigel Dawn, global head of private capital advisory at investment bank Evercore....
...Frank Koudelka, head of ETF servicing at State Street, says the SEC’s decision and the ensuing rally in the bitcoin price will probably lead to more interest among asset managers, and new funds based on...
...Debt servicing costs in a clutch of the world’s poorest countries are set to soar to “crisis” levels as high interest rates damage already fragile economies, according to the World Bank....
...America’s political industry is lucrative even for those who have lost elections, the FT writes....
...Barclays has agreed to sell approximately $1.1bn worth of credit card debt to private equity firm Blackstone, as the British bank steps up efforts to move assets off its balance sheet in advance of more...
...gillan.tett@ft.com Letters in response to this column: IMF can help fix the system of sovereign debt restructuring / From Reza Baqir, Former Governor, State Bank of Pakistan (2019-2022); Global Practice...
...Currie, whose title will be chief strategy officer of energy pathways, joins several other former Goldman Sachs executives hired by Schwartz, who himself was a top executive at the investment bank before...
...Norilsk will pay three to four times more on debt servicing than three to four years ago because of the sanctions, while the difficulties of completing transactions have forced the company to pay commissions...
...As an example, at a meeting in late October, members sat down with Switzerland’s finance minister Karin Keller-Sutter and central bank governor Thomas Jordan, both of whom were architects of the UBS/Credit...
...JPMorgan, Bank of America, Citigroup and Wells Fargo all reported quarterly earnings on Friday. JPMorgan was alone among the group in posting record net profits for the year of $49.6bn....
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