Hints and tips:
...Additional reporting by Owen Walker and Ian Smith in London...
...Simpson Thacher & Bartlett has hired Stephanie Biggs as a partner in London, where she will co-lead the firm’s European financial services and funds regulatory team. She joins from Travers Smith....
...The fund invests in US agency mortgage-backed securities and collateralised mortgage obligations, which aren’t especially liquid markets....
...Share your ideas with us at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...This exhibition at the V&A invites us into the opulent world of master goldsmith Carl Fabergé and his London clientele....
...One scoop to start: Private equity groups Warburg Pincus and Permira are preparing to list or sell wealth manager Tilney Smith & Williamson as they seek to exit their investment 18 months after a merger....
...The approach contrasts with competitor Vista Equity Partners, headed by billionaire Robert Smith, which for years sought to replace management and impose rigid change....
...Catch up on the story by DD’s Kaye Wiggins and Rob Smith and the FT’s Cynthia O’Murchu here and read up on the FT’s broader coverage of Greensill’s unravelling here....
...The dealmaking continued with the New York Stock Exchange owner Intercontinental Exchange’s $11bn purchase of US mortgage data provider Ellie Mae in August....
...Smith & Nephew “lowers growth outlook amid coronavirus uncertainty” and its shares are up more than 8 per cent....
...James Smith, economist at ING: A full 2021 recovery is unlikely....
...During the financial crisis a decade ago, big banks were brought to their knees by reckless traders who made outsized bets on complex mortgage securities....
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College Open question. Depends if he injects a major fiscal stimulus....
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College Most unlikely....
...Freemium v paid: Streaming competition swells YouTube is one of several Spotify competitors bringing streaming services to the market this year....
...While here in London we’ll help the British Museum, the Science Museum, and the V&A move their collections out of storage and on display....
...For an investment bank famed for its savvy and sometimes freewheeling bankers, mortgage underwriting in Dallas seems a decidedly staid role within Goldman....
...U.S. speeds its selloff of bailout securities: The Treasury Department and Federal Reserve are planning to sell assets ranging from bank shares to troubled mortgage securities as part of a final push to...
...GSO, named after the last names of its three founders, Tripp Smith and Doug Ostrover being the other two, will soon launch its second rescue finance fund, which hopes to raise $3.5bn, and has just raised...
...Finally the US criminally charged three former Credit Suisse bankers with fraud for allegedly inflating the value of mortgage-backed securities, more than three years after the UK Financial Services Authority...
...He envisages a suite of flexible retail savings products, potentially combining pensions, mortgages and long-term savings....
...Prior to joining UBS, Mr Crissey was a consultant to UBS and other financial services companies for five years. He also worked in the real estate group for Smith Barney for four years....
...They are to focus on offering products such as large mortgages known as “jumbo” and structured products....
...GMAC has had some success raising deposits through its banking subsidiary, Ally Bank, and could also spin off its mortgage lending arm, Residential Capital....
...“The events of the last two years are significantly reshaping financial services throughout the world,” he said....
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