Hints and tips:
...US institutional and retail investors will now be able to gain direct exposure to the coin through a regulated product, without the risks of buying from unregulated exchanges or the higher costs associated...
...The saga shows that private capital can do battle with the might of a $700bn whale . . . but it took a lot of billionaires....
...But adaptability and determination don’t show in the physique – neither does stubbornness, a trait I find essential to battle against wind, waves and currents....
...It sold its $500mn loan to a credit fund associated with Ken Griffin’s hedge fund Citadel. Apollo has been a canny DIP loan provider in many bankruptcy cases over the years....
...While institutional investors can trade frequently, the day trader concept and associated heightened volatility are largely a retail phenomenon in stocks....
...The action came just months after Citi mistakenly wired $893mn of its money to creditors of Revlon, a client, which sparked a legal battle over the funds....
...Nevertheless, that battle has tilted more clearly in fintech’s favour over the past two years....
...“It is completely preposterous that Michael Rubin’s name is even associated with this,” his spokesperson said....
...A version of this article was first published by Nikkei Asia on July 2022. ©2022 Nikkei Inc....
...Many of these entities were associated with the company’s owners or executives....
...Since its collapse, creditors have faced an arduous battle to reclaim assets and understand Zeromax’s structure....
...Hodl: The battle cry of the long-term cryptocurrency holder....
...The battle has created unrelenting pressures on profit margins across the fund industry and forced greater consolidation....
...Citigroup revised down its fourth-quarter earnings by $323m after suffering a loss in its legal battle to recoup funds it accidentally sent to creditors of its client Revlon....
...‘Perfect scenario’ Those look like V-shaped projections, Andrew Glenn thought to himself....
...Leo Lewis says humiliations do not come much bigger for the Tokyo Stock Exchange, which would see one of its biggest household names taken private. 2....
...Friday: Nanofilm Technology lists on the Singapore stock exchange, the biggest IPO in the city state in years....
...the $900m it had wired to creditors of cosmetic group Revlon last year....
...The battle had created a dilemma for other bondholders: hope that a sufficient number of other investors subscribe to the exchange offer for them to recoup all of their money, or accept the cut-price deal...
...Drop us a line and join the conversation: Due.Diligence@FT.com A turnabout is fair play in distressed battles Michael Jensen, the Harvard Business School professor, coined the phrase “the market for corporate...
...The risky deals tend to carry higher interest rates to compensate creditors....
...Certain sectors, such as financial services, remain entrenched in the old ways of Japan Inc....
...Revisit our coverage in our FT Collection: Battle for Hong Kong....
...“It’s easier to meet and exchange information when you walk past your colleagues in the corridor,” he says....
...“These institutions bear the associated risks and profit from these operations.”...
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