Hints and tips:
...We’ve talked about TRAs before, most notably in the buyout of Sculptor Asset Management last year....
...On Monday, PacWest Bancorp announced it had sold a $2.3bn portfolio of loans to Ares Management for around 90 cents on the dollar in cash, part-financed by Barclays....
...Rithm will also separately assume $173mn that Sculptor will be obliged to pay Och and other fund founders over several years under what is known as a tax receivable agreement....
...Mikulić sent a photo to the FT: it shows graffiti on a building in Ljubljana’s Old Town, at the foot of the Grajski grič, the castle hill, a few steps from the central market, reading: “Ne morem živet v...
...That’s the target of Valuable 500’s “Gen V” mentoring scheme, which pairs a senior executive with a young disabled employee....
...kadhim@ft.com / sid.v@ft.com...
...The new company, later named Apollo Global Management, after the sun god, was led by Black and five other former Drexel executives....
...Without giving details, Tuhin Kanta Pandey, secretary of the department of investment and public asset management (DIPAM), tweeted on June 20 that he had received “multiple” expressions of interest for the...
...Share your thoughts with the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...It says it had helped fund the development of the Sputnik V Covid-19 vaccine....
...FURTHER READING: Complaint, Orlando Police Pension Fund v....
...Regulators are also scrutinising the insurance that the lender has said is in place for its receivables....
...The Division 2 recreates the museums of Washington DC with extraordinary detail to contrast poignantly with the devastation in the city beyond, while the Shinra Corporation museum in last year’s Final Fantasy...
...diplomatic wranglings and trade wars were dying down, the EU this week contrived to crank up tensions with Russia, after the European Medicines Agency questioned the ethics behind trials of the Sputnik V...
...There will be no fast, perfect, V-shaped recovery for economies given the substantial areas that remain damaged....
...It is a hefty history of the Simulmatics Corporation, founded in 1959, whose legacy can be detected today in the work of companies such as Google, Amazon and Facebook....
...Tit for tat Natalie Blyth, global head of trade and receivables finance at HSBC, joins us for three blunt questions....
...It is calling on the authorities to improve the management of local lockdowns and quarantine measures, which she described as “extraordinarily challenging” for businesses....
...De-Risked receivables: With 25% of the Utilities division debtors written down to zero, a material overhang has been removed....
...When Carney spoke six weeks ago, many policymakers were still confident of a sharp v-shaped recovery....
...The Big Three are on course to control 40 per cent of the votes in American corporations in a couple of decades....
...Credit insurers would be affected by an increase of defaults on payments of receivables caused by supply-chain disruption (among other factors)....
...Firstly, companies will probably ‘kitchen sink’ their results with write-offs of receivables, unsold inventories and perished products....
...We assume large receivables outflows, albeit that was not the case in 2009. Payables will be a material help in 2020 due to generous government programmes, to be repaid in 2021/22. Earnings changes....
...Our 2% TP cut reflects management’s c.6.5% capex/sales budget going forward (SGe previously c.6%)....
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