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...credit cards....
...The US group reported a profit before tax of $6.2bn for the year to May....
...Nomura was also boosted by a rebound in fixed-income trading, which lifted revenues by 40 per cent year on year, pushing the wholesale banking division back to a pre-tax profit after a loss in the last quarter...
...Friday interview: Armen Panossian Credit markets are booming. Investor demand for public corporate credit seems insatiable and private credit is the asset class of the moment....
...Last year Yu teamed up with short seller Cyrus de Weck to form a new hedge fund, General Industrial partners, which is now associated with Gotham City....
...Those associations need to “manage and report to the tax office”....
...Less attention has been paid to how the IRA has transformed the US tax code, providing an incentive to corporate players outside of the energy space to fund renewable projects and lower their tax liability...
...The US accounted for 40 per cent of total issuance over that period....
...It also suffered from poor performance during the early days of the pandemic, when Hintze’s flagship fund took a 34.8 per cent hit as a result of structured credit bets....
...For their part, Morgan Stanley investment bankers were unhappy to carry Discover corporate credit cards instead of American Express in the decade that the group was combined with Dean Witter and Discover...
...Credit Suisse investors want their money back Swiss politicians labelled UBS’s emergency rescue of Credit Suisse the “deal of the century”....
...The government yesterday announced three organisations that have been awarded a combined $14bn from the National Clean Investment Fund, the first such funds awarded under this element of the IRA....
...Corporate bond funds, including those tracking riskier junk-rated borrowers, have pulled in more than $17bn of cash so far in November, paving the way for the biggest monthly net inflows since July 2022....
...“A bolder move would have been to increase the income tax credits for investing in VCT new shares from 30 per cent to 40 per cent — a level they were at in 2005-06,” said Jason Hollands, managing director...
...That means potentially heavy losses for banks, insurers, pension funds and asset managers that own trillions of dollars of sovereign and corporate debt after loading up in recent years....
...tax breaks....
...structures and underwriting techniques for corporate assets....
...Since agreeing to rescue Credit Suisse in March, UBS shares have risen close to 40 per cent. The Euro Stoxx Banks index that tracks European lenders is up 16 per cent over the same period....
...Insurance head Gilles Dellaert will lead the combined unit while credit boss Dwight Scott will become chair....
...This dividend could be used to fund a repayment to some of Gupta’s Greensill-related creditors, which include clients of collapsed bank Credit Suisse, according to people familiar with the plans....
...Labour’s would-be chancellor Rachel Reeves warned of the scale of the challenge facing her party should it win the general election after the government appropriated two of its policies to fund tax cuts....
...That home allowed ADIP’s fund investors to avoid corporate income tax, moderating their return requirements....
...Oaktree Capital Management has hired Olivia Guthorn, previously a member of Apollo Global Management’s corporate credit team, as a managing director in New York....
...It is treated as such by credit rating agencies. Private equity likes to make everything as complicated as possible, often for tax reasons....
...Tax season The IRS has scored $80bn in extra funding from Democrats to modernise and better catch tax cheats....
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