Hints and tips:
...First-quarter results at large Wall Street banks revealed a deep chill in the deals market, with investment banking revenue at both Goldman Sachs and Morgan Stanley falling roughly a quarter, year on year...
...Confirmation of the two bids comes on the day of the first deadline in the takeover process....
...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....
...It is traditional and sensible to exclude the financial sector when valuing the market, because financials generally and banks in particular cannot be sensibly valued on earnings....
...“Chicago has a tight business community, so it’s certainly disappointing that they all left,” Roger Hochschild, chief executive of suburban Chicago-based Discover Financial Services, told the Financial Times...
...In the past five months, JPMorgan Chase bought First Republic; First Citizens Bank acquired much of SVB following its collapse; and New York Community Bank purchased most of Signature Bank, another failed...
...managers, service providers and regulators including, Asian Development Bank, The Stock Exchange of Thailand (SET), Allianz Global Investors and many more....
...Then, the spark for success was provided by the financial sector, starting with Jim Slater’s offer of £5,000 for the first British grandmaster, followed by the Lloyds Bank Masters where many young home talents...
...We were the first to combine the traditional financial world with the new reality of crypto & Blockchain and started a revolution to sustainably change the financial behaviour of people around the globe....
...Its $440bn credit arm makes more business loans than some midsize banks, making it not so much an investment outfit as an alternative financial system....
...Quotable “Community development financial institutions don’t just improve their customers’ financial situations: almost uniquely among credit providers, they are able to help people who apply to strengthen...
...He was most recently global head of corporate finance at First Abu Dhabi Bank. Jones Day has named 45 new partners....
...As always, drop your story ideas to me at sid.v@ft.com and have a great week....
...For example, Hungary’s OTP bank is working with the government and SambaNova to deploy AI-powered services across its business....
...All the while, he continued to make misleading statements to investors about FTX’s financial condition and risk management....
...UK’s first purpose-built clearing bank in nearly 200 years....
...Share your ideas with us at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...As ever, get in touch with Imani (imani.moise@ft.com) or me (sid.v@ft.com) with thoughts for new articles. Happy reading!...
...First came the $6bn deal for Home Partners of America, struck last July, Blackstone’s first big move into the rent-to-own space....
...Despite the recent choppiness of financial markets, 51 per cent of US equity fund managers out performed the stock market in January, according to Bank of America....
...Its website allows people to “Join for Updates”, but not much else. 14) SEBA Bank ($1mn for “<1%”) SEBA Bank, a Swiss crypto bank, hailed the FTX connection when it announced a Chf110m Series C raise in...
...Metro is not the first bank to seek out Higham’s predictive powers....
...I personally believe China wants to be a member of the world financial community. And I think that desire will inform its actions.”...
...“I personally believe China wants to be a member of the world financial community. And I think that desire will inform its actions,” he said....
...The first attempt at a DAO, called “The DAO”, raised more than $150m in 2016 as an experiment in community-directed investing before an attacker exploited holes in the code to steal one-third of the funds...
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