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...The top US consumer finance watchdog has raised doubts about megamergers in the credit card industry, just as Capital One attempts to close its $35.3bn takeover of card issuer Discover Financial Services...
...US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, in an all-stock tie-up that is set to unite two of America’s largest credit card companies....
...To her and many of her peers, this relatively small measure of financial stability gave rise to an “amazing” sense of freedom....
...Equinox, the popular luxury gym chain, has raised $1.8bn from a group of private capital investors to refinance more than $1bn in loans and give it financial breathing room....
...the merits of returning capital to shareholders....
...L&G said it had reported “no material property or credit writedowns” in the first half of 2023, and has had zero defaults on the credit backing its annuities since 2010....
...In a note titled “Hedge fund nirvana” Credit Suisse UBS quant Patrick Palfrey notes how heavily shorted stocks have started to do badly this year....
...Crédit Agricole, Atos, Attestor and the French bank lenders declined to comment. Crédit Agricole’s stance was first reported by online publication L’Informé....
...The investor group also includes private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017....
...Della Valle is confident, however, that Connecticut-based L Catterton will boost Tod’s desirability and allow it to focus on investments in marketing and R&D, he told the Financial Times....
...Dr John Warren Ipswich, Suffolk, UK Letter in response to this letter: Correcting your maths / From Paul L Colby, Alexandria, VA, US...
...When l told my wife, she asked if I’d lost the house (which we owned outright). l said, no, even l was not that stupid. She then laughed and said that it ‘doesn’t really matter much then’....
...The Federation Internationale de l’Automobile (FIA), which governs motorsport, has agreed to let Michael Andretti add a team to the grid....
...Shepherdson argues that declining S&L tax revenue augurs poorly for future S&L spending, as this chart shows: It’s a reminder to investors that markets are sensitive to changes, not levels....
...Karen McKee, the head of product solutions for ExxonMobil, one of the world’s largest producers of plastic, told the Financial Times: “The issue is pollution. The issue is not plastic.”...
...Though that capital is released into the income statement over time, this process mutes earnings growth from new business, points out RBC Capital Markets....
...The US has become increasingly dominant among global equity markets since the financial crisis as near-zero interest rates lifted the valuations of tech groups with strong profit growth....
...Free cash flow, however, reconciles those book accounting accruals of the P&L ledger to capture the real flows of actual dollars coming in and out....
...“Previously, older borrowers may have used [mortgages] for home improvement, travel or to help a younger family member get on the property ladder,” said David Hollingworth, associate director at L&C, a mortgage...
...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....
...C Shawn Booking agrees that private credit funds earn higher spreads and total yields because they’re providing speed, certainty of execution and cost of capital; privacy in terms of the borrower not needing...
...or those with CRE > 300% of capital and >50% growth over 3 yrs)....
...Insurers must put up capital against bulk annuities. The £4.9bn of bulk deals done in the first half required £106mn of capital....
...He joined the bank last year, and previously worked for Credit Suisse. Cheyne Capital has hired Frank Benhamou as a portfolio manager for its risk transfer strategy....
...This article is part of a guide to Milan from FT Globetrotter Rome may be the capital of Italy, but Milan is certainly the capital of design....
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