Hints and tips:
Related Special Reports
...The asset manager, founded in 2005 by alumni of an alternative investment unit of Cargill that was later rebranded as CarVal, has become a big lender to the airline industry....
...Citigroup has started tracking how many calls its private bankers are making to clients as the US lender tries to jump-start its struggling wealth management business, according to people familiar with the...
...The deals typically allow the lender to convert into shares at a time of their choosing and at a set discount to the market price....
...Citigroup reported better than expected quarterly profits as the bank said it was on track to shed 7,000 jobs this year, a sign that the revamp of the US’s fourth-largest lender may be starting to pay off...
...One thwarted bid to start: Spain-based lender Banco Sabadell has rejected a €12bn takeover bid from its larger rival BBVA, saying the proposed deal “significantly undervalues” its standalone growth prospects...
...New York-listed insurer Assured Guaranty had more than $12bn of exposure to UK water companies at the end of 2023, with more than $2bn to Thames Water alone....
...However, it was only after European leaders signalled that they would endorse her last month that her candidacy was assured....
...Chang’s and business technology provider Computer Services Inc....
...Lenders clearly didn’t want the keys to a bunch of troubled portfolio companies then and probably don’t want them now....
...Shares in New York Community Bancorp meanwhile fell by a quarter on Friday after the regional lender delayed its annual report, saying it had found material weaknesses in the internal controls that guide...
...Botín is one of Europe’s highest-paid bank executives, having been awarded €12.2mn last year on the back of the Spanish lender achieving record profits thanks to rising interest rates....
...Price pressures also picked up, as services companies passed on higher wage costs....
...Circle, the stablecoin operator and SVB’s largest depositor, had parked $3.3bn of its reserves uninsured at the stricken lender....
...The lender said the latest figure included “one-time expenditures related to system installations and upgrades”.David Solomon, chief executive of Goldman Sachs, received $29,990 for personal security during...
...The New York-based investment group is considering acquiring an infrastructure investor or a lender with a focus on originating securitised debts backed by assets such as aircraft or rental equipment....
...Full-service banks such as JPMorgan are built for scale — ie getting as many deals through the door as possible — so there’s only so much impact any one individual can make. That’s intentional....
...Before the recent rise in interest rates, this mostly involved gawking at the erosion of lender protections in bond contracts and having fun with credit default swaps....
...Reverence Capital, founded by three former Goldman Sachs executives, is led by Milton Berlinski, who founded the investment bank’s financial institutions group and has targeted mid-sized financial services...
...carefully explained on a results call that, because modern-day debt covenants have more holes than Swiss cheese, the company could keep hold of billions of dollars from recent asset sales without giving lenders...
...But, as with all things in financial services, the hand that giveth is the hand that takes away....
...Assured Guaranty could end up having to pay out to lenders if companies such as Thames Water and Southern Water default or fail to make interest repayments....
...For Citi, part of the appeal of the new licence is that it would enable it to pitch its services as an onshore underwriter and a full-service bank to clients of its corporate and commercial bank on the mainland...
...Gary Swidler, president of Match Group, which owns Tinder, said the EU’s acceptance of Apple’s plan is “far from assured”....
...The message from specialist lenders, analysts and mortgage brokers was “nothing to see, move along now”. But by the autumn of 2023, the woes of Generation Rent had become a hot topic for the UK media....
...It was the smallest of Citi’s five divisions behind US personal banking, trading, services and wealth management....
International Edition