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...“The last three quarters we have seen more creativity out of private equity,” said Kevin Brunner, co-head of global M&A at Bank of America....
...Job moves Bank of America has hired Olof Engelbrekts as head of investment banking in Switzerland. He previously worked for UBS....
...Alongside America’s highways, billboards jostle for drivers’ attention....
...Barclays has hired Stephen Pick as head of mergers and acquisitions for Emea in London. He previously worked at UBS and Credit Suisse....
...The Americas was 51 per cent and 28 per cent of its 2023 trading volumes and revenues respectively....
...The buyout group owned mid-sized life insurers in Italy and Germany that it had expanded aggressively in an era of low interest rates, buying up books of annuities offloaded by other insurers....
..., who expects retail sales to rise 0.3 per cent.Weekly credit card numbers have been “subdued”, loan delinquency rates are on the up and data from San Francisco-based online restaurant-reservation service...
...Separately, Bank of America has named Simon Ives as chair of Emea corporate and investment banking. He was previously chair of Emea healthcare investment banking....
...The average maturity of money market funds in mid-December was 36 days, according to Crane Data....
...EM bond ETFs saw $3.2bn of selling, the largest outflow for a year, while EM equity ETFs leaked $1.7bn, their first net outflow since mid 2021....
...Delaware vs Musk: The billionaire’s threat to move Tesla’s legal home has revived debate over the dominance of the small, mid-Atlantic state and its courts over corporate America....
...LA mogul class Music industry giant Jimmy Iovine and rapper Dr Dre are hoping to shake up education in America’s underprivileged cities, reports the FT....
...The average reserves at JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs and Morgan Stanley have fallen from $1.60 to 90 cents for every dollar of commercial real estate debt on which...
...America’s Private Bank....
...“It’s going to become more of a credit-picker’s market,” predicts Mike Scott, head of global high-yield and credit opportunities at Man Group GLG....
...Here’s what Bank of America writes in a note dated February 15, with our emphasis....
...Credit card companies could also take a modest hit. More than half of student loan borrowers took on debt via their credit cards during the pandemic, according to TransUnion....
...Active small-cap funds had a 65 per cent success rate (percentage that outperformed their average passive counterparts) compared with 56 per cent of active mid-cap funds and 53 per cent of active large-cap...
...In the past year delinquent commercial property debt for the six big banks — JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs and Morgan Stanley — nearly tripled to $9.3bn....
...In the US, President Biden has triggered a dramatic economic shift with his 2022 Inflation Reduction Act aimed at encouraging greater use of renewable energy and green technologies via tax credits and subsidies...
...Separately, he touched on one of the hottest corners in the alternative investment space: private credit....
...Fraud prevention and credit risk tools did particularly well, and organic sales rose by 4 per cent. Latin America continues to be a key market for Experian....
...Credit Suisse’s former co-head of global banking David Wah has joined PJT Partners as a partner in San Francisco....
...US-China: America and its allies remain more united and economically powerful than Beijing’s group of malcontents, writes Martin Wolf....
...and advisory services....
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