Hints and tips:
...Alibaba’s latest management shake-up Alibaba’s longtime chief executive Daniel Zhang, who led the company through Beijing’s turbulent regulatory crackdown, will be replaced by a loyalist to co-founder Jack...
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...In 2016, the answer was clear when talent agency and media conglomerate Endeavor bought the company for $4bn, netting White $360mn. The deal stipulated he keep running the company....
...New York state lifted nearly all remaining Covid-related restrictions on Tuesday....
...“equivalence” to the UK and its regulated companies, or leave firms to seek permissions from individual member states....
...The rebound in macro data, which has given hopes of a V-shaped recovery, could prove to be an illusion and the recovery will slow down.”...
...Furthermore, one executive estimated it would only cover 30 per cent of the current “passporting” regime, which allows banks and other financial companies authorised in one EU member state to trade freely...
...Idexx said in October that the animal health market had experienced a “V-shaped recovery”....
...Money market mutual fund holdings Daniel writes: “Assuming interest rates drop below zero would therefore pose a difficult dilemma in government funds....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...The Trump administration’s granting of state funding for (costly) COVID-19 testing for patients with no health insurance and Congress’s approval of a $8bn package to fight the spread of the virus bear out...
...Daniel Vernazza: Next year should be a year of modest “levelling up”....
...(FT) OxyContin maker settles $270m suit Purdue Pharma and its owners, the Sackler family, settled a $270m lawsuit with Oklahoma, the first of several actions brought by individual US states over the company...
...The FT’s Daniel Garrahan looks at the most time-efficient ways to train, with help from Olympic champion rower Helen Glover. (FT)...
...Fund managers have combined or purchased one another outright to better compete with the likes of BlackRock, State Street and Vanguard....
...Windward isn't the only tech company to have spotted an opportunity in marine insurance....
...Here’s Jefferies: Given the current state of capital markets, in our view this is hardly the ideal time to begin an IPO process, especially for a company that provides 5% investment guarantees to customers...
...“This is not about replacing judges,” says Daniel Lewis, co-founder of Ravel Law, a San Francisco lawtech company that built the database of judicial behaviour....
...Daniel Vernazza: Households will likely feel worse-off at the end of 2020....
...So far it has financed lawsuits in areas as diverse as German insurance claims, Australian class actions and US intellectual property....
...Lloyds’ troubles stemmed from its ill-fated takeover of HBOS following a deal struck in late 2008 under former chief executive Eric Daniels....
...of the EU’s single market directives, to do business in other member states purely on the basis of their home state authorisation....
...“When they fill out the insurance claim, they will be asked if they are running a business from the property.”...
...insurance firms under supervision by the Fed due to their banking activities – the likes of State Farm Mutual Automobile Insurance and Nationwide Mutual Insurance – would be subject to lighter capital requirements...
...The one that reverberated the most was the payment protection insurance scandal....
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