Hints and tips:
...Boring problems Elon Musk’s Boring Company has built a tiny loop to move cars through Las Vegas, but workers of the “hyperloop” mass-transit system say its tunnels are packed with chemical sludge, reports...
...It’s not just football’s troubled business model that puts traditional lenders off....
...“If there’s a conduit out there to bring more dollars to the US and to buy US real estate, I mean, who wouldn’t be a fan of that?” says Ryan Shear, PMG managing partner....
...They can leverage with Goldman to power all of these financial services and be the conduit to the consumer for a lot of these things, brand it as Apple, take that high-margin cut, and offload all of this...
...The appeal of financing at governing body and league level is that they are deemed by lenders to be less risky borrowers than individual clubs....
...This was an era of suburban affluence, when big cars and colour TVs were conduits for the American dream....
...In today’s newsletter: Junior bankers head to Málaga Growth investors confront the tech rout Microsoft-Activision’s regulatory woes The City or La Ciudad?...
...The central bank is also happy to keep foreign-owned banks operating in Russia because they provide a crucial conduit for hard currency into the country....
...Shortly after walking away from the deal, Brookfield announced it would acquire Australian non-bank lender La Trobe Financial for A$1.6bn from US investment giant Blackstone....
...A group of four banks led by Citigroup is facing a near-$100m loss after selling a portion of a loan backed by two Las Vegas casinos, in a sign that banks are anxious to offload assets hit by the pandemic...
...Banking for the underbanked Wall Street veteran Alex Ehrlich has invested millions of his own fortune in building a lender that challenges systemic racism....
...The Las Vegas Sands said in October it would consider offloading its Vegas properties if the price was right, Bloomberg reported....
...The company behind Las Vegas’s Caesars Palace, Harrah’s and Planet Hollywood was about to close a $17bn, debt-laden sale to Eldorado Resorts....
...While JPMorgan — the country’s largest lender by assets — is also facing similar headwinds, it has been able to rely on trading and investment banking to offset some of the pressure on its consumer banking...
...High-end brands like Joseph Altuzarra, La Perla, and Roland Mouret have joined since....
...Their first ports of call have been to withhold partner payouts à la Linklaters and Freshfields, and reduce staff salaries, as seen at Baker McKenzie and Cadwalader Wickersham & Taft....
...Ant Group’s colossal dual offering in Hong Kong and Shanghai, expected to debut in October, is poised to shower US lenders Citigroup, JPMorgan and Morgan Stanley with at least $300m in fees....
...Local banks that opt to partner SBI, he said, would benefit from its superior technology while becoming, in effect, conduits through which their customer bases could access SBI’s much larger range of financial...
...with Mr Milken at Drexel Burnham Lambert regard themselves as financial revolutionaries whose innovations brought fading industries to life and financed the rise cable television, the reconstruction of Las...
...RBS’s ultimate victory helped push the lender into needing a taxpayer rescue. Management and directors are also clearly culpable. Their inclination is to expand their businesses....
...The process will see Barneys close its stores in Chicago, Las Vegas and Seattle, along with five smaller “concept” stores and seven warehouses....
...London Inc has championed the industry, and fintech companies looked set to be a vital source of listings for the Brexit-hit bourse....
...The get-together of lenders headquartered in North Carolina and Georgia is billed as a merger of equals. It is an all-share combination executed at roughly market prices....
...They can be a shareholder and a client at the same time, a la Steve Cohen, for example....
...One thing to start: Wynn Resorts, the Las Vegas-based casino company, has approached Australian rival Crown Resorts with a $7.1bn offer, as consolidation talks in the gambling industry intensify....
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