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...Munson, who previously worked for GE Capital and Goldman Sachs, could not be reached for comment. NYCB said: “We can confirm that Nick Munson left the company in early 2024.”...
...He spent more than a decade at GE Capital, in Asia and the UK, before a stint at the National Commercial Bank in the Middle East, Tesco Bank and Sainsbury’s Argos Financial Services....
...Ron Epstein, industry analyst at Bank of America, said the Max 9 issues would “only put further pressure on Boeing management”....
...Culp became CEO of GE in October 2018 and at the time was given a four-year contract — the first GE chief to have an employment contract....
...He transformed a wobbly investment bank weakened by the 2008 financial crisis into a financial advisory powerhouse with a series of huge acquisitions....
...Here’s what else I’m keeping tabs on today: Results: Eli Lilly, the maker of weight loss drug Mounjaro, reports this morning alongside KKR, Spotify, GE Healthcare and Hertz....
...Then, in January, as part of its plan to break itself up into three pieces and then to disappear as a conglomerate, GE spun-off 80.1 per cent of its healthcare division as GE HealthCare Technologies, Inc...
...CAF Bank, whose directors include former executives from Lloyds, Santander, GE Capital, HSBC and Barclays, plans to hold the bonds to maturity “in all but the most extreme scenarios”, it said in its annual...
...The former GE executive has overseen the Max’s return to service, which US aviation regulators approved in November 2020....
...The Bank of Japan has taken a significant step to end its seven-year policy of capping long-term interest rates....
...Three large insurers, AIG, Prudential and MetLife, plus GE Capital were initially designated as “systemically important financial institutions” or Sifis, under the Obama administration....
...In short, Apollo does the kinds of things that GE Capital did once upon a time (before its demise) but without taking the existential risk of borrowing short and lending long....
...banks, the group avoided what surely would have been a Lehman-style bankruptcy filing for GE Capital....
...The reason is that the central bank, the Bank of England, has been raising interest rates in an effort to lower inflation. That lessens the attraction of any fixed income stream....
...“In the eyes of investors, it’s not doing any favours by not having any specific [financial] targets,” Citigroup bank analyst Graeme McDonald says....
...Of GE Capital’s $200bn borrowings $129bn consisted of short-term commercial paper unsupported by bank lines....
...Last month, the minister of housing Ni Hong met Ge Haijiao, chair of state-owned Bank of China, and requested further support for completing projects....
...Ghai will also maintain his current role as CFO of GE Aerospace. Jefferies has hired Dennis Kwan as a managing director in its private capital advisory team based in Hong Kong....
...There are also lots of banks and energy companies, whose current margins are either hyper-cyclical or inexcusable depending on your politics....
...We buy the argument for small, modular nuclear plants of the kind Rolls-Royce, GE, Hitachi and NuScale are developing. These will doubtless trigger protests....
...Earlier this month, JPMorgan analysts Haibin Zhu, Grace Ng, Tingting Ge and Ji Yan published a fascinating deep-dive into the subject, which we have finally digested....
...Peltz bought GE at about $25 per share and three years later the stake was worth about a quarter of that. Will Peltz’s fight at Disney end like at Heinz or GE?...
...branches (Bits about Money) — A Chinese spy wanted GE’s secrets, but the US got China’s instead (Bloomberg $) — The hyperinflation gallery (Michal Zalewski) — Doomberg on tree burning (Twitter) — Janet...
...Power Failure: The Rise and Fall of General Electricby William D Cohan, Allen Lane £35/Portfolio $40 William D Cohan goes deep into the root causes of the rise and recent extraordinary decline of GE, once...
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