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...Fix-and-flip private equity is coming around to the merits of buy and hold....
...The problem, highlighted by Andrew Bailey in a recent hearing, stems from deeply flawed labour market data from the Office for National Statistics, led by national statistician Sir Ian Diamond....
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...Shares of acquirer New York Community Bank soared on the news. All of a sudden, there was interest for SVB as well....
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...It was expecting to receive €200mn from Signa as part of a turnaround plan, with the first tranche due in February. The company employs 18,000 people....
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..., 60% is bank loans, and 15% is shadow credit such as trust loans....
...a financial gain — by asking for the revelation of the real parties in interest in the case....
...Thus if a bank went bust, its equity would be wiped out first, followed by the cocos, in order to protect senior creditors....
...written by First Republic at low interest rates....
...By the time he returned, the Fed had begun rapidly raising interest rates, a process that destabilised SVB and sowed the seeds for First Republic’s collapse....
...As companies increasingly get squeezed by a shaky economy and bad business models, investors are going to have the opportunity to put money to play....
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...Both were seen as potential successors to Bob Iger during his first stint as CEO, sources told the FT....
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...The strongest regional banks in our screen were City National Bank of West Virginia, listed as City Holding Company, and FirstBank, which is quoted as First BanCorp and operates in the Caribbean and Florida...
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..., winning new markets and beating their rivals for the sake of country as well as company....
...When the meeting finally began, Kelleher assured the cabinet members that UBS would do what was necessary, as long as it was in the interests of his bank’s stakeholders....
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...“Had it not been for that, then Silicon Valley Bank would have had a larger buffer . . . it would have been less likely for there to be a run in the first place and in the event of a run it would have lessened...
...“For me the key to a good relationship is trust.”...
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