Hints and tips:
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...We are a software as a service business. We charge banks a transactional fee. Every loan that we analyse is a transactional charge....
...For Goldman, that means new ventures into cash management, credit cards and retail savings accounts....
...In these areas companies are expected to prosper from the acceleration of digital services spurred by shutdowns, homeworking and social distancing....
...Passive fund management is a big success built on a big fallacy. The late Jack Bogle’s sales pitch encapsulates it: “Don’t look for the needle in the haystack. Just buy the haystack.”...
...On the last Sunday of April 2019, a sleek Gulfstream V jet belonging to Occidental Petroleum touched down at Omaha airport....
...Quintessentially has signed up the government’s Department for International Trade as a client of its door-opening services....
...WPP will also reduce is planned capex from £400m to v£300m....
...Mr Lorenzo was promoting a debenture offering in Waste2Energy Holdings Inc — a now-bankrupt company which was claiming it had technology that converted waste into clean energy....
...Asda’s “management team has done well, and we’ll just keep running it”, he added....
...His overriding strategy was to take the manufacturer out of a legal quagmire by moving “from crisis management to sustained change management,” Mr Glidden says....
...The company was unusual in the early 2000s when it had a female chief executive, the late Patricia Dunn....
...Qubits v bytes: how quantum computing works Quantum computing taps into the quirky behaviour of sub-atomic particles, which bend our normal understanding of physics....
...The Japanese wealth management market, which rival Japanese banks tend to service through brokerage services, offers ample opportunity for MUFG....
...An on-demand dog-walking and pup care service called Wag raised $300m in cash courtesy of the $93bn SoftBank Vision Fund....
...Spotify, the music streaming service, plans to list existing private shares directly on NYSE as soon as the fourth quarter rather than doing a formal IPO....
...A 2009 Supreme Court case involving prescription drug labels, Wyeth v Levine, greenlighted state laws that are stricter than federal laws....
...On Monday, the London commercial court will hold its first case management hearing for the lawsuit brought by LBIE, which is seeking to recoup any claims it faces beyond its surplus from a separate entity...
...The active management of legacy fleet costs is a really big thing....
...Battery management software in both Android and iOS now kicks in to preserve the life of the phone by cutting background processes to essentials, such as calls and texts....
...Mr Cooperman has also said that the US Attorney in New Jersey’s investigation of him and his firm is on hold, “pending the Supreme Court’s decision in Salman v United States”....
...Algos v quants A rising fund manager star at T Rowe Price predicts that computers will become increasingly important in asset management, supplanting the industry’s traditional backbone of human stock pickers...
...Speaking at an FT asset management conference in London last week, Olivier Guersent, the commission’s director-general for financial services, said: “Unless there is a very strong case to fix something in...
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