Hints and tips:
...Lazard said that Chris Weideman, currently a top lawyer at Apollo Global Management, would become the company’s new general counsel....
...Letters in response to this article: How triple lock presents a ‘prisoner’s dilemma’ / From Donald Franklin, London NW11, UK Let’s calculate pensions promise over a parliament / From Robert Simons, Leighton...
...Billionaire trader Chris Rokos and Goldman Sachs are among big-name investors that have been hit hard in the market upheaval following the collapse of Silicon Valley Bank....
...The figures were “a near-perfect print”, Oppenheimer analyst Chris Kotowski wrote in a note to clients. Goldman’s stock closed up almost 3 per cent on Monday....
...“The revenues [from investment banking] are still going to be weaker-ish,” said Chris Kotowski, banking analyst at Oppenheimer....
...Many voters in Franklin seemed receptive to Haley’s message — and predicted she would defy the polls....
...And that just doesn’t seem to be happening,” said Chris Kotowski, banking analyst at Oppenheimer....
...Chris Kotowski, research analyst at Oppenheimer, described the results as a “‘kitchen sink’ kind of quarter” with about $1bn of one-off charges that could help clear the decks for Solomon going forward....
..., trading, compliance, cash management and risk management to be used by the entire $1.4tn Franklin group, including its new specialist managers....
...Nobody knows exactly how much but I don’t think it’ll be the majority,” said Chris Kotowski, research analyst at Oppenheimer....
...Many firms have cut costs to deal with these pressures, with BlackRock, Franklin Templeton, M&G and T Rowe Price among asset managers that have reduced headcount over the past two years....
...“The macro effect of the Trump trials is that a lot of the conscientious objectors inside of the Republican party that voted for Ron DeSantis or Nikki Haley or Chris Christie, they are still holding out,...
...Going for Ted Pick, that’s probably the more complex business,” said Chris Kotowski, an equity analyst at Oppenheimer....
...“Biden and his people were channelling Franklin Roosevelt in his purest form and unapologetically so,” he says. “No one has made this argument with such freedom and such conviction since Roosevelt.”...
...It’s rich people who have money,” said Chris Kotowski, banking analyst at Oppenheimer....
...“You’re seeing deposit and funding costs really accelerate,” said analyst Chris McGratty, the head of US bank research at KBW. “They were accelerating before SVB and Signature....
...Data visualisation by Chris Campbell...
...Becker was also questioned by Chris Van Hollen, a Democratic senator from Maryland, about a report that executive pay at SVB had soared after it started to buy riskier assets exposed to rising interest rates...
...It’s going to be slower growth, lower revenues,” said Chris McGratty, head of US bank research at KBW....
...“There’ll be a question about how quickly do those securities portfolios burn down,” said Oppenheimer research analyst Chris Kotowski....
...Chris Kotowski, an equity analyst at Oppenheimer, said SVB had “painted themselves into a corner” because of its large exposure to rising rates....
...“They took a whole bunch of companies that were regional-based banks and really created national franchises out of it,” said Chris Kotowski, banking analyst at Oppenheimer....
...The paradox is that Biden has done more than anyone since Franklin D Roosevelt to move in that direction....
...said Oppenheimer analyst Chris Kotowski, referring to the eurozone debt crisis 12 years ago which shook confidence in the banking system....
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