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...Corporate wellness platform Gympass is rebranding as part of preparations for an initial public offering, after being valued at $2.4bn with backers including SoftBank and EQT....
...Still, Delaware, Inc is going to have to decide whether its brand should be based on being an even-handed, dispassionate system or something more corporate-friendly, designed to keep up in a regulatory race...
...Texas corporate law, it says, leans on Delaware doctrines and will not impede shareholder rights....
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...the loan share of lending decreases by 8%....
...Barings is suing a Nomura-backed venture after most of its top private credit team defected to the new firm, in what the fund manager described as one of the “largest corporate raids at an asset manager...
...Investors pulled record sums from corporate bond exchange traded funds and pumped money into lower-risk government equivalents last month as benchmark lending rates soared to 16-year highs....
...Commercial real estate CLOs do exist, though the market is primarily one for corporate lending....
...investment banker at Centerview Partners did not strike a valid agreement to become a full-fledged partner at the elite advisory firm during a restaurant meeting held more than a decade ago, a Delaware corporate...
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...From Bloomberg overnight: Citi Is in Talks to Start New Private Credit Strategy by Early 2024 Citigroup Inc. is in discussions to start a new direct-lending strategy by early January, the latest in a series...
...“We are extraordinarily concerned [about hacks] — it is a national emergency,” Matt Hartman, a top official at America’s Cybersecurity and Infrastructure Security Agency, told a Vanderbilt University conference...
...Bank of America, Goldman Sachs and Morgan Stanley report results early next week. Additional reporting by Harriet Clarfelt...
...The court has more than 200 years of history, a circle of expertise in Wilmington, and a hard-earned reputation for impartiality in corporate disputes....
...Corporate America has been happy to spotlight the capital commitments it has made to the Black community since 2020....
Shares of start-up slide after reporting a $5.4bn annual loss and 10% cut to salaried payroll
...Slowing growth in lending risks curbing a key driver of profits for the big US banks when they begin reporting third-quarter earnings this week....
...“We do not agree with what the Delaware Court decided, and we do not think that what the Delaware Court said is how corporate law should or does work,” Denholm wrote to shareholders....
...Rising volumes last year were helped by a substantial increase in fundraising by high-grade companies that traditionally would have borrowed through conventional corporate bonds....
...Pepsi said the deceleration was largely due to a recall in Quaker granola products over salmonella concerns and weak sales in North America....
...The largest US banks lent billions of dollars less in the first quarter, in a sign that corporate borrowers are opting to whack down their debt with interest rates still at historic highs.Bank of America...
...Mortgage lending is a feast or famine business. The market takes the view that the interest cycle has peaked. The Federal Reserve is expected to cut rates, probably beginning in June....
...The central bank’s “pledged supplementary lending” programme, a quasi-fiscal facility for cut-price loans used in past stimulus pushes, increased the pace of lending 12 per cent in December....
...Here, per MainFT, is the latest thing: Elon Musk has said Tesla will “immediately” hold an investor vote on whether to move its corporate registration to Texas, after a court judgment in Delaware voided...
...Musk is now reviving the debate about Delaware and the power its courts wield over corporate America....
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