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...Before long, large investment banks including Goldman Sachs, Credit Suisse, Citigroup, Morgan Stanley and Deutsche Bank were building their own dedicated investment teams....
...The trust invests in high-growth companies such as Nvidia and Tesla....
...One big job move to start: Morgan Stanley has named Ted Pick as its new chief executive, replacing James Gorman who will bow out from the role after leading the Wall Street bank for nearly 14 years and transforming...
...In the mid-1990s, when Sine was a banker at Morgan Stanley, he advised Son on his $2bn acquisition of the computer and technology magazine publisher Ziff Davis....
...The company isn’t getting much from the special purpose acquisition company trust, which has about $20mn left after more than 90 per cent of shareholders decided to redeem....
...As well as being a gold mine for data, Li’s company has turned those streams of repayments into tradable financial instruments, bundling them into packages that can be split into different tranches for sale...
...Job moves Scottish Mortgage Investment Trust has named seasoned board trustee Sharon Flood and Unilever strategy head Vikram Kumaraswamy as independent non-executive directors....
...Scottish Mortgage showdown The FT digs into deep-seated tensions over strategy at the UK’s biggest investment trust that led to board member Amar Bhidé’s dramatic exit....
...Morgan Lewis & Bockius O: 5; L: 6; I: 8; Total: 19 The firm devised a financing structure for Chinese state-owned financial investment fund Silk Road Fund, as part of an international investor consortium...
...Deutsche Bank’s Jiongting Lim has joined Barclays to lead its client coverage in Singapore, per Bloomberg. Kirkland & Ellis has hired DLA Piper’s Rhys Davies as an ESG partner in London....
...As global banks’ debt sold off on Monday, other countries’ regulators intervened to say they would not follow the Swiss model in resolving distressed banks....
...However, standards would deteriorate for households with mortgages and those on benefits as mortgage rates remain high and state support for living costs will be cut....
...Baillie Gifford’s Scottish Mortgage Investment Trust has urged shareholders to remain “disciplined and patient” as it defended its investment approach after a “painful” year in which its shares have dropped...
...The banks that lent $13bn to finance the acquisition — a group led by Morgan Stanley, Bank of America, Barclays and Mitsubishi — have been left in a tricky position....
...Kape Technologies (FT) Activist investor ValueAct takes stake in Spotify (FT) Citi nears sale of Mexican bank Banamex despite state interference (FT) Deutsche forex mis-selling probe finds staff acted...
...Job moves Win Bischoff is stepping down as the chair of JPMorgan Securities, the bank’s main operating business in the UK, after a seven-year term, according to Bloomberg....
...‘I have f***ing killed it’ Former Morgan Stanley chief executive John Mack may have led the investment bank into a crisis, but he has few regrets....
...BoCom said the loans would support the developers’ needs in “project developments, mortgages, merger and acquisition deals, bond investment, letter of guarantee and supply chain financing”....
...DD’s Antoine Gara, Eric Platt and Ortenca Aliaj report that lenders such as Barclays, Bank of America and Morgan Stanley are waiting to see a clear business plan from Musk to start marketing the debt....
...Huntsman sued Apollo, Credit Suisse and Deutsche Bank, and ultimately settled for a multibillion-dollar payout....
...Investors marked down Tesla shares last spring as soon as Elon Musk announced his bid for Twitter, because they expected him to sell some shares to finance the proposed acquisition....
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