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...But Ermotti took the job instead and Körner returned to Credit Suisse in 2021 as head of its asset management business in the wake of its damaging Greensill debacle....
...But when insurers decided not to extend Greensill’s cover in 2021, the business went under....
...Its credit operations now account for $91bn of the $174bn it manages. Its credit funds returned 13.3 per cent over the past year net of fees....
...The UK’s Takeover Panel had given CMA CGM four business days following the GXO offer to decide whether to increase its offer further....
...Lines are also facing high costs to lease the extra ships required to maintain services via the longer routes and higher insurance rates. “It’s more fuel that’s needed, more maintenance, storage . . ....
...It added that under the UK’s Takeover Code it had four business days to decide on any further improvement to its bid....
...The shipping group will still use the aircraft, but trying to break into the industry on its own has its challenges too, a third person familiar with CMA CGM’s business said....
...use its cloud computing service....
...Pets at Home said it was “disappointed” by the CMA’s findings and that its vets had “clinical and operational freedom” to choose their own pricing and services....
...Witness, for instance, its expansion into asset classes such real estate, infrastructure and private credit or the push to offer products to retail clients....
...Dellaert: If you break down the business by asset profile, our private corporate credit, direct-lending business and opportunistic business, is in excess of $100bn....
...The CMA said on Tuesday that it is planning an in-depth probe into the business practices of veterinary companies, and has raised the question of how the “roll-up” of thousands of small clinics may have...
...Blue Owl already has a large credit business, but it largely focuses on debt for large technology leveraged buyouts....
...That’s because Preqin — the main data source for private credit funds — apparently undercounts business development companies and doesn’t account for leverage....
...Using new(ish) and enhanced financial accounts data for the United States, they find that — rather than NBFIs substituting for bank business — NBFI and bank businesses and risks are better seen as increasingly...
...that the departures would “create a range of issues” for Barings and attaching a term sheet offering to buy the credit business....
...services in exchange for a stake that could give them outsized influence in the fledgling businesses....
...commission raised that the Adobe XD product design software would be discontinued in a “reverse killer acquisition”, where companies remove existing products in order to remove a competitor to a newly acquired service...
...The former head of Credit Suisse’s wealth management business, Francesco de Ferrari, has become the latest executive of the fallen bank to leave UBS....
...The first witness called in the trial was Bryan Fairbanks, who was running risk management for UBS’s prime services business in the Americas at the time of Archegos’ collapse....
...Now the problem is customer complaints about its subprime credit card business, via the Financial Ombudsman Service....
...The move comes as Goldman attempts to build up its asset management business and deepen its reach into alternative investments including private credit to provide a counterbalance to its highly cyclical...
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