Hints and tips:
...The cell is not subject to corporation tax on its profits or withholding tax on distributions, Lloyd’s says....
...Musk has the resources to buy back billions in debt stuck with underwriters led by Morgan Stanley. They might take 50 cents on the dollar to be shot of it....
...As ever, drop me a note at sid.v@ft.com if you’ve got thoughts and ideas for upcoming Future of Money newsletters....
...However, the First Boston Corporation had been based in Manhattan for decades....
...The Lloyd’s Market Association, their trade body, is encouraging underwriters in a given sector, such as credit risk, to pledge they will be on the floor on certain days to give brokers more reason to come...
...Lloyd’s is in talks with these underwriters over their 2022 business plans....
...IPO underwriters have made $5.8bn in fees from Spacs since 2020, according to Refinitiv data. Citi, the most active underwriter, made $740m for working on almost 140 IPOs during that period....
...A judge ruled Greensill had delayed its application “despite the fact that the underwriters’ position was made clear eight months ago” and denied the injunction....
...“We’re already sequencing wastewater for Covid-19 — could we do the same for AMR?” she asks....
...We held one of our regular briefings for all the top underwriters in London yesterday [Thursday] and received very positive feedback from them.”...
...In the years after the financial crisis of 2008, consolidation accelerated in certain sectors, creating national champions such as screen maker Japan Display....
...When Carney spoke six weeks ago, many policymakers were still confident of a sharp v-shaped recovery....
...What is certain is that “it is a huge deal”. Big awards have a trickle-down effect, putting upwards pressure on smaller settlements, underwriters say....
...JPMorgan and Citigroup are serving as the lead underwriters on the deal....
...Endeavor had planned to list as an umbrella partnership corporation, or Up-C — an organisational structure known for granting tax benefits to company insiders....
...DD recognises certain achievements. Saudi Aramco is indeed set to raise at least $25.6bn from the IPO....
...A Labour government would meanwhile jack up costs for investors by increasing corporation taxes and expropriating dividends....
...Alibaba became the third-biggest shareholder in China International Capital Corporation, even though Tencent has the second-largest stake in the leading investment bank....
...On February 27, the US Supreme Court shook them out of this complacency by ruling in Jam v International Finance Corporation that they have only the same limited immunity as states....
...Diane Coyle: I don’t think monetary policy is doing anything other than increase certain asset prices at present....
...Steve Blank, a serial technology business founder, says entrepreneurship can indeed be taught, under certain circumstances....
...Qubits v bytes: how quantum computing works Quantum computing taps into the quirky behaviour of sub-atomic particles, which bend our normal understanding of physics....
...By comparison, Snap, the owner of the messaging app Snapchat, paid about $100m to its underwriters. A direct listing also gave Spotify more leverage with its lenders....
...Bell Pottinger created a bot army to target certain individuals on Twitter and other social media....
...R D V Kite Drumoak, Aberdeenshire, UK...
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