Hints and tips:
...Legal and compliance teams stepped up oversight, putting a crimp on day-to-day execution. But this could have turned out a lot worse....
...Jones Day has named 51 new partners....
...A banking crisis was contained but Credit Suisse and Silicon Valley Bank were washed away....
...But as Steven Kelly of the Yale Program on Financial Stability pointed out to me, Yellen et al will need the goodwill of the big banks should some other bank or banks get into trouble....
...Isn’t it high time the regulators increased oversight on Blackstone and Apollo, et al, as this relatively new and powerful group of financial titans continue their march to the top of the heap on Wall Street...
...The recent rise of the Faangs, et al, looks like a knee-jerk reaction to the fall in rates and rate expectations that followed the banking mess (the 10-year yield has fallen from 4-ish per cent to 3.6-ish...
...Crédit Agricole bestowed ever grander titles on Crastes....
...News round-up JPMorgan cuts ties with Odey Asset Management (FT) Credit Suisse seeks to strike out Mozambique ‘tuna bonds’ case (FT) Sanjeev Gupta’s Australian steel business tests bond investor interest...
...“Nearly every day there’s news of yet another new clean energy investment,” he said to cheers from the crowd. He is not wrong....
...Further reading: The Restructuring Process — Buchheit et al. (2019)Government bonds since Waterloo — Meyer et al. (2021)The aftermath of sovereign debt crises: a narrative approach — Esteves et al. (2021...
...One former cabinet minister said there was a “case for the defence” that Zahawi may have been disputing the Inland Revenue officials just as he became chancellor....
...cases....
...kadhim@ft.com / sid.v@ft.com...
...One good read Howard Marks sums up his case against forecasting....
...All assets may perform badly under stagflation, but we’d rather own Pepsi, Johnson & Johnson, Kimberly-Clark, Bristol-Myers et al than sit and watch our cash lose its earnings power....
...The announcement, made days before Tiger notified LPs of its fundraising push, said that Curtius would stay for a months-long transition....
...Cannon-Brookes insists his interests beyond Atlassian do not interfere with his “day job.”...
...The Federal Reserve, it appears, is going to tighten with total predictability and imperceptible gentleness; inflation will be transient; Evergrande et al will not sink the Chinese economy; lions will lie...
...“If I think of the amount of pressure I’m under as a deposit taker and the care and attention I have to take when providing unsecured lending to younger people, it is staggering me that Klarna et al are...
...But in many cases, the lofty valuations have come crashing down after a stock market debut....
...court cases Name: Donald J Trump for President, Inc et al v....
...He hasn’t announced a blank-cheque deal since January, when his Social Capital Hedosophia Holdings Corp V announced a tie-up with the digital lender SoFi....
...But can wicker-dwelling fruit arrangements, luxury exercise equipment, or in Credit Suisse’s case, $20,000 bonuses, slap a Band-Aid on an issue that’s been plaguing Wall Street for decades?...
...Although this last theme might seem oddly non-political, that positive-affect language was a hallmark of politically left-leaning trolls in the 2016 election interference (Marcellino, Cox, et al., 2020)....
...There’s a Supreme Court equal pay case around the corner which could force a hefty one-off bill and longer-term higher staff costs....
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