Hints and tips:
...Not only are customers less likely to choose a Tesla as a rental car, but Hertz also learnt the EV’s it had lent to Uber drivers required significantly more repairs than thought and the salvage values of...
...Not only were they proving costly to repair relative to traditional internal combustion engine cars, but their salvage values had suffered during a Tesla-induced price war....
...As Aurelius struggles to salvage its investment, the path to restoring private equity’s reputation as responsible owners of UK retail is rockier....
...Hertz uses Carvana in part to dispose of its fleet, netting salvage values that Hertz CEO Stephen Scherr said earlier this year were 5 to 6 per cent better than selling into the wholesale market....
...There was about $20bn of CDS on CS debt at the time of its collapse, and, as Risk reported at the time, it wasn’t “crystal clear” whether the AT1 bond vaporisation would trigger CDS payouts....
...Fast forward a few hours, and with investors dumping CS shares, a reassessment was needed....
...As one CS banker put it: “we are not entirely clear what will happen next but morale is so down it’s hard to even describe”....
...From mainFT’s excellent tick-tock on how the UBS-CS shotgun marriage went down: The US firm’s chief executive had convened his inner circle on Thursday and told them a line he has used repeatedly: “To be...
...Alphaville wrote about the implications of BlackRock being in the CS mix last month. This is Fink stripping away any coyness....
...Junk [in particular triple-Cs] is where I’m a little more concerned. I’d avoid most of those. I can see the economy slowing down and you see a rise in defaults....
...“Alberto was a gracious, highly respected leader, who uniquely embraced global opportunities,” said banker Michael Klein, who is set to become the chief executive of CS First Boston and worked closely with...
...While the firm fights to salvage — or scrap — the ambitious “Project Everest”, staff at its German unit are just trying to avoid falling off the mountain altogether....
Uptick in ‘hybrid’ financings comes as other investors shun riskier debt amid market volatility
...It may not soften the financial hit, but it might at least offer an excuse and salvage some careers. But here’s the problem: what if any hypothetical wrongdoing is effectively irrelevant?...
...Back in Osaka, liquidation company Shoichi managed to salvage some value from the Games merchandise....
...A version of this article was first published by Nikkei Asia on September 7 2021. ©2021 Nikkei Inc. All rights reserved....
...Nikko bankers say it may be too late to salvage relationships because many large clients, fearing reputational damage, have already severed their ties with the brokerage....
...Zoom could have tried to salvage the agreement by sweetening its offer. Raising the share ratio was one option. Adding a cash component was another....
...The world’s largest wind tower manufacturing plant, owned by South Korea’s CS Wind, sits just south-east of the city....
...Baidu has fought back by splashing out on a video-streaming business and launching several short video apps in a bid to salvage top-line losses....
Chinese-owner of video app tries to convince White House to accept sale of US business to Microsoft
...was the stories behind these pieces that made them stand out: the Galilee table “represented the belief in self as a conduit of the power of God”, Archibong explains, while the chandelier was inspired by CS...
...The near-term future looks cloudy: this week the NCAA said it plans to stage the 2021 March Madness entirely in a bubble environment in the city of Indianapolis, in an effort to salvage its moneymaker....
...But the firm also needs to take account of many people, and businesses, who want to salvage good things from the present and cling to them, rather than hug an uncertain, Covid-ridden future....
...Thousands of operators across the sector have signed up with one or several of the three dominant delivery platforms — Deliveroo, Uber Eats and Just Eat — in order to salvage demand....
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