Hints and tips:
...(3) Citi is our #1 large-cap bank investment....
...Yesterday, the company announced that it was taking a $17.6bn writedown of goodwill associated with the acquisition....
...(FT) — The making of ‘bad gentry’ after the abolition of the civil service exam in China, 1902-1911 (The Journal of Economic History, v Phenomenal World) — Zach Carter with a post on the real student debt...
...There were more and more items that individuals were starting to consider as investments . . . but couldn’t because the value of those items was often way, way, way more than a single person can afford....
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...NYCA, a boutique fintech investment firm and US Venture Partners What’s the revenue model? We are a software as a service business. We charge banks a transactional fee....
...And don’t miss the cyber security scare that is threatening a JPMorgan investment in the payments space. Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...“You shouldn’t account for reductions where you haven't accounted for the emissions in the first place,” Farsan said....
...The deal is the first large bank merger since BB&T bought SunTrust for $28bn in February of 2019, forming what is now Truist....
...interests, net of tax, (iii) provision for (benefit from) income taxes, (iv) income (loss) from equity method investments, (v) interest expense, (vi) other income (expense), net, (vii) depreciation and...
...“Markets are pricing a V [shaped recovery], everyone’s coming back to work, and this is going to be fine,” Mr Falco said. “I don’t think it’s going to be that easy quite frankly.”...
...Last year, BB&T and SunTrust combined in a $66bn all-stock deal that created a commercial banking giant in the south-east of the US, with more than $400bn in assets....
.... ©2021 Nikkei Inc....
...“An agreement to negotiate [outstanding loans] is always a matter of goodwill.”...
...That came a day after S&P lowered its rating for Macy’s, the department store chain, to BB+ — one notch below investment grade — from BBB-....
...The Trump administration did relax the minimum-service rules this week, saying it would allow some airlines to drop routes as long as they were served by another carrier....
...On the last Sunday of April 2019, a sleek Gulfstream V jet belonging to Occidental Petroleum touched down at Omaha airport....
...The late Jack Bogle’s sales pitch encapsulates it: “Don’t look for the needle in the haystack. Just buy the haystack.”...
...Our analysis suggests the supply/demand balance for ESG-attractive investments will be supportive for the utility sector, perhaps for much of the 2020s....
...USA Inc — in other words offering a dire signal on the outlook”....
...“I don’t want to call this the honeymoon period, because what’s going on is so awful, but there is a bit of coming together and recognising goodwill,” he says....
...The loss of income won’t necessarily be replaced that quickly leading to a scarcity of ‘yield’. ......
...So if tech companies are beginning to act like the state, it isn’t happening everywhere. Apple isn’t trying to bring down the cost of housing in rural Nebraska....
...His central criticism was that Purplebricks wasn’t very good at selling houses, which it covered up with partial reporting....
...Digital celebrities don’t have expensive tastes, they don’t burn out and they don’t let fame go to their head. In Korea, this is especially pertinent....
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