Hints and tips:
...“I think a lot of people are now expecting pretty meaningful erosion of AbbVie’s US Humira business this year,” he said....
...Private credit and leveraged lending markets remain vulnerable to “sharp revaluations”, the Bank of England has warned, in its latest attempt to sound alarm bells about risks building up in non-bank finance...
...Worse, despite being America’s third-largest bank by deposits, it trades on just 0.4 times book value....
...In November, Rakuten sold about a fifth of its Rakuten Securities unit to Mizuho Securities. It raised ¥70bn by selling part of its stake in Rakuten Bank during the listing of the latter last month....
...PNC Financial, Truist, Fifth Third Bancorp, M&T Bank, Huntington Bancshares, Comerica, Zions Bancorp, US Bancorp, Citizens Financial, Regions Financial and Key Corp all delivered year-on-year growth in quarterly...
...The three major listed cruise companies — which between them control four-fifths of the industry — have all more than doubled their gross debt over the past two years....
...Diller’s media empire granted Rad and his team a fifth of the Tinder business in the form of stock options that could be swapped into shares of the listed parent company....
...By 2014, IAC granted Rad and his team a fifth of the business in the form of stock options that could be swapped into shares of the listed parent company....
...In a market where 20 per cent of the population does not have bank accounts and only 3 per cent have credit cards, the expansion of financial services creates enormous business opportunities....
...The pain for any bank or business begins with trying to work out where their many exposures to the rate lurk. This is no easy task....
...When other forms of business debt are added in, including to partnerships and small businesses, that already extraordinary figure increases to $17tn....
...And now a fifth expect a “V-shaped” economic recovery, up from a 10th in the previous month....
...It was the most expensive New York office purchase in history, and for a time it looked likely to sink the Kushners’ business....
...And the business has taken steps to clean up its ridiculous cost base, including culling one fifth of its global workforce in late September. A bailout is another option....
...Barclays Private Bank funded our reporting but it is the independent journalism of the Financial Times, and Barclays Private Bank was not given any editorial oversight of the content....
...Banks have faced pressure to stop lending to new coal projects and nearly all European banks have adopted some form of anti-coal finance policy....
...Last year was exceptional for Europe Inc in terms of growth, profitability and business expectations....
...Michael Spencer: Way out Michael Spencer was in fine form on Tuesday as he hosted another of his famous (part-liquid) lunches at the markets business he has run, in various guises, for the past 32 years...
...The business logic for relisting is clear....
...That was down more than a third from the $9.9bn that the Fed permitted a year ago, although the bank decided ultimately to distribute only $5.7bn over the period....
...Big regional banks such as US Bancorp, Regions Financial and Fifth Third had been particularly active....
...Its third-quarter revenue in North America fell by a fifth, and half of the fall was attributable to the disruption at Toys R Us....
...Thanks to a series of court rulings since the mid-2000s, such as eBay v MercExchange in 2007, Mayo Collaborative Services v Prometheus Laboratories in 2012 and Alice Corp v CLS Bank in 2014, and the subsequent...
...A version of this article was first published by the Nikkei Asian Review on April 20, 2018. ©2018 Nikkei Inc. All rights reserved....
...How will the political climate in Italy affect the eurozone’s third-largest economy?...
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