Hints and tips:
Related Special Reports
...Within weeks, a US regional banking crisis spurred a panic that ultimately contributed to Credit Suisse’s weekend takeover by UBS....
...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...In 2021, he hired three former Goldman partners — Paul Russo, Scott Rofey and Jeffrey Verschleiser — to lead the risk management of the firm’s equity, macro and rates, and credit divisions respectively....
...Warburg Pincus recently raised more than $17bn for its latest flagship private equity fund despite a difficult market....
...There will also be an undisclosed amount of debt financing provided by a group of private lenders including Blackstone Credit, HPS Investment Partners and Blue Owl Capital....
...Ken Griffin’s Citadel has agreed a ‘‘dramatic increase” of its London office footprint, with a deal to move into British Land’s new flagship City tower....
...All teams working on its AI models, including its flagship Gemini chatbot, will be unified under its DeepMind division run by Demis Hassabis, according to a memo on Thursday....
...that the departures would “create a range of issues” for Barings and attaching a term sheet offering to buy the credit business....
...In 2022, Tiger’s flagship fund fell by more than half as its public tech bets were hammered....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...Still, buyers’ remorse often sets in when the credit card bill arrives....
...Capital One and Discover are two of the biggest credit card lenders, behind JPMorgan Chase and Citigroup....
...Capital One’s $35.3bn proposed takeover of Discover Financial Services would fuse two leading credit card lenders and give it control of a network that connects consumers, merchants and banks....
...Ken Griffin’s Citadel gained 15.3 per cent in its flagship Wellington fund in 2023, according to people familiar with the numbers....
...obliviousness offered by private BDCs and other nontraded private credit vehicles....
...Ant’s bid for Credit Suisse Securities (China) Ltd, which includes investment banking and brokerage services in mainland China, could complicate UBS’s plans to dispose of its stake in the unit....
...Last year it capped investments in its flagship vehicle and cut about 8 per cent of its workforce in a shake-up after its founder Ray Dalio ceded control of the firm....
...UBS put the unit, which includes investment banking and brokerage services, up for sale after taking control of Credit Suisse when it collapsed last year....
...“Everyone is losing sight of the fact that this market is too big for just private credit or banks.” Additional reporting by Sun Yu...
...Moody’s has cut New York Community Bancorp’s credit rating to junk, citing “high governance risks” and the potential for commercial real estate losses to create “confidence sensitivity”....
...In April, the New York firm bought Iron Park, a private credit fund manager. It acquired a stake in Clipway, which buys second-hand investor stakes in private equity funds — or secondaries....
...Speaking at an event at Stanford University, he claimed credit for recognising years ago how significant AI would be for all of Google’s products....
...It also suffered from poor performance during the early days of the pandemic, when Hintze’s flagship fund took a 34.8 per cent hit as a result of structured credit bets....
...That changed this week when it announced it was suspending new investments in many of its flagship private credit funds and tried to address the uncertainty caused by the mass defections....
...The Vietnamese carmaker was founded in 2017, with its flagship plant in northern Vietnam’s Haiphong, and launched its first internal combustion engine cars in 2019 before moving to an all-EV strategy in...
International Edition