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...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...“When the market is upside-down, that’s when we may see the ability to pay for control. “We are selling something seductive to a management team,” he added....
...To get the merger approved, Capital One is making a case that there is little overlap between the two banks’ credit card businesses....
...Within weeks, a US regional banking crisis spurred a panic that ultimately contributed to Credit Suisse’s weekend takeover by UBS....
...“I think they are just being a little bit more cautious because they can’t release something they can’t fully control,” he added....
...Last year, it acquired a footprint in credit investments by purchasing Iron Park....
...Though Mubadala is buying a controlling 70 per cent interest, Fortress employees will gain control of the investment group with majority control over its board....
...Barotz, who at the time was in her early 70s, agreed to form an eponymous Delaware statutory trust, after which she signed away control to LATIII....
...that the departures would “create a range of issues” for Barings and attaching a term sheet offering to buy the credit business....
...UBS put the business up for sale after taking control of Credit Suisse when it collapsed last year. It already has a securities unit in mainland China and cannot hold two licences....
...UBS put the unit, which includes investment banking and brokerage services, up for sale after taking control of Credit Suisse when it collapsed last year....
...If you look at Howard Marks’s investment philosophy for Oaktree, the first item for us is the primacy of risk control....
...The deal allowed Credit Suisse to cut its holdings of such assets from $75bn to $20bn. Apollo rebranded the business as Atlas....
...Capital One’s $35.3bn proposed takeover of Discover Financial Services would fuse two leading credit card lenders and give it control of a network that connects consumers, merchants and banks....
...Oil markets are set to become “extremely tight” in the second half of this year, according to hedge fund giant Citadel, as Opec+’s control of the market allows it to keep prices high....
...“Frequently, the weaknesses of new products, in this case private credit loans, may only be seen and exposed in bad markets, which private credit loans have not yet faced,” he warned in his annual shareholder...
...Earlier this week, Skydance made what it called its “best and final” offer, which included a control premium to Paramount’s common shareholders....
...It represents a major increase in power for Hassabis, who joined Google when it bought his start-up in 2014, and who now controls much of its AI development and product output....
...Instead, the company needs to somehow demonstrate that its entire “operational culture” (leadership, management structure, quality control processes) has been overhauled, root and branch....
...drafted by the country’s Fair Trade Commission does not name specific companies; rather, it focuses on unravelling the duopoly held by Apple and Google owner Alphabet, as their iOS and Android software controls...
...Chelsea co-owner Todd Boehly’s Eldridge Industries is in advanced talks to buy European private credit firm Hayfin Capital Management....
...“Everyone is losing sight of the fact that this market is too big for just private credit or banks.” Additional reporting by Sun Yu...
...obliviousness offered by private BDCs and other nontraded private credit vehicles....
...Passengers in Wuhan’s robotaxis sit in the back seat behind a perspex screen that blocks any compulsion to try to take back control of the vehicle....
...Capital One and Discover are two of the biggest credit card lenders, behind JPMorgan Chase and Citigroup....
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