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...“Highly regulated banks were unable or unwilling to do certain types of transactions due to their capital requirements while insurance groups were drowning in cash during the era of ultra-low interest rates...
...“They do not want to be left holding junior capital. The recent crisis with Silicon Valley Bank and the regional banks will make it even more of a focus for banks to be cautious.”...
...Citi will likely have excess capital over 3 years equal to half its current market cap. (3) Citi is our #1 large-cap bank investment....
...and Serbia 200th day of the Hamas-Israel conflict after Hamas launched an attack on Israel on October 7 last year UK: 100th anniversary of both the first radio broadcast by a British monarch, George V...
...Partners, and Bridgepoint’s acquisition of US-based renewables specialist Energy Capital Partners....
...“The declining cost of capital with rates coming down and spreads coming down for real estate borrowing is very helpful.”...
...The benchmark 10-year yield slid as much as 12bp after the Treasury’s refunding announcement, v FactSet....
...That’s what we missed: how the policy response to the regional banking crisis stabilised the banking system, which allowed a pretty sharp V-shaped recovery....
...Attend tastings or chow down on some of the best food the capital has to offer from its top chefs....
...But Gautam Puntambekar, country executive for Bank of America, says that “when you talk about semiconductors, Malaysia is invariably part of the conversation”....
...“What India has done is to bring in the concerns and priorities of the global south and to try and move them beyond standard approaches to address the real issues,” said V Anantha Nageswaran, Modi’s chief...
...The bank’s sports team have no time to rest on their laurels, however....
...Moreover, a civil penalty of $250,000 pales in comparison with the £350,000 fine imposed in 2012 by UK watchdogs on a banker for telling Greenlight Capital about an upcoming share sale by Punch Taverns....
...Oaktree Capital is seeking to raise $10bn for a new fund that will help finance large private equity takeovers, taking advantage of a void on Wall Street as other lenders are sidelined....
...Investors love wealth management earnings — they don’t require so much regulatory capital and they don’t generate big losses, they just offer nice smooth, stable growth (with notably rare exceptions)....
...Arrival is merging with Kensington Capital Acquisition Corp V, paying a huge premium in order to add $300mn to its balance sheet. It is a desperate move that is unlikely to trigger a Spac revival....
...This cycling route takes in nine of his best pieces in the Danish capital — but there are more to explore, especially the Panda House at Copenhagen Zoo....
...Lutyens’ Midland Bank was one of the first to go....
...But last year, Valpas, the company he co-founded, raised €1.6mn in seed capital to expand its business of providing a tech-based, pesticide-free solution to tackling bedbugs....
...Some asylum seekers are staying in a squat on Brussels’ Rue de la Loi, just next to the headquarters of De Moor’s party, CD&V....
...Arrival’s deal with Kensington Capital Acquisition Corp V values the company at $524mn....
...That’s the target of Valuable 500’s “Gen V” mentoring scheme, which pairs a senior executive with a young disabled employee....
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...(Unherd) — The Bank of England attempts to predict financial crises with a neural net. (Bank Underground) — Birding saved one man’s life. Maybe it can save the rest of us from climate change?...
...As always you can reach me at sid.v@ft.com....
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