Hints and tips:
...Life insurers, particularly those linked to private equity groups, have pushed deeper into asset-backed securities in pursuit of investments that are a good match for their long-term liabilities but offer...
...The new owner was originally cloaked by his limited liability company, but Son was revealed to be the buyer a few months after the purchase by the Los Angeles Times....
...Credit Suisse investors want their money back Swiss politicians labelled UBS’s emergency rescue of Credit Suisse the “deal of the century”....
...One thing to start: The head of Lazard in Sweden has been charged with aggravated bribery linked to a takeover of a Swiss company by engineering group Atlas Copco....
...In the wake of the 2008 financial crisis and the passage of what is known as the Dodd-Frank law, private credit and equity groups have assumed a much greater role....
...But prising boardroom doors open remained tough for a new firm with a limited record....
...Meanwhile don’t miss this Big Read on Credit Suisse: the rise and fall of the bank that built modern Switzerland, and another on how the Swiss “trinity” forced UBS to save Credit Suisse....
...Big money managers have been contacting Goldman, Bank of America, Credit Suisse and other lenders on the Citrix deal to inquire about buying debt worth several billion dollars this year, according to people...
...Finma itself had a resolution plan for Credit Suisse as a whole but said full “resolvability” would not be ready until the end of 2022....
...This month, a group of banks led by Goldman agreed to lend $3.7bn to Elliott and some of the group’s partners backing the takeover of healthcare company Syneos....
...And another thing: Yesterday UBS agreed to buy Credit Suisse for $3.25bn after a frantic weekend of negotiations brokered by Swiss regulators to safeguard its banking system and attempt to prevent a crisis...
...(MgmtCo is how SoftBank describes Masa’s Delaware-incorporated MASA USA LLC vehicle.)...
...Robert Armstrong Somebody like Bank of America or Chase has in real time all the data about what all their customers as a group are doing with their credit and debit cards....
...Apollo also confirmed that it was finalising a purchase of Credit Suisse’s securitised products business, which is being partially sold off by the under-pressure Swiss bank....
...Now, a group of other banks, including Morgan Stanley, Barclays and Credit Suisse, have earmarked similar amounts to cover potential settlements with US regulators....
...The reorganised WPG is structured as a limited liability company, which typically offers fewer fiduciary protections to minority shareholders than a traditional corporation....
...Billionaire hedge fund manager Chris Hohn has demanded that the world’s largest plane maker Airbus abandon its bid for a stake in the cyber security arm of French IT company Atos, suggesting the deal is...
...Dechert has hired William Robertson as a partner in New York as part of the firm’s expansion of its private equity and private credit groups. He joins from Davis Polk....
...The firm helped J&J create a limited liability company in Texas, forming the subsidiary that would take on the baby talc claims....
...Wall Street has put pressure on companies to pay back capital rather than plough it into more drilling. Biden’s biggest problem with petrol prices, though, may be his limited power to shape them....
...Or they want to own their home through an LLC [limited liability company] — maybe a celebrity who wants to keep their identity private,” she says....
...And ministers are consulting on plans for additional disclosure rules and director liabilities for some privately held companies (surprise: BVCA, the industry’s lobby group, isn’t keen)....
...Credit Suisse has hired David Wildermuth from Goldman Sachs as chief risk officer, as the Swiss bank sets about reinforcing its controls after a series of crises....
...Sonali Punhani, head of UK economics at Credit Suisse: We expect the UK economy to lag behind other developed economies in 2023 and be in a year-long recession with a peak-to-trough GDP decline of 2 per...
...CVC Credit Partners has hired John Empson as a partner and co-head of private credit, and Miguel Toney as a partner on the private credit team....
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