Hints and tips:
...The city’s offices were almost 100 per cent occupied in the weeks before lockdowns hit in 2020, according to security firm Kastle Systems....
...Its $440bn credit arm makes more business loans than some midsize banks, making it not so much an investment outfit as an alternative financial system....
...The insurer had entered into a multibillion-dollar reinsurance agreement with start-up private capital firm, 26North, founded by the longtime Apollo executive Josh Harris....
...Financial markets may have hit the buffers last year, but this did make one type of investment a lot more popular: buffered exchange traded funds....
...The FTC’s concerns around Lockheed’s proposed acquisition had focused on its impact on “competition and also on innovation”, he said in an interview with the Financial Times....
...to critical components needed to build competing missiles and space systems....
...Email me your thoughts at sid.v@ft.com. Latest news Amy Kazmin in Rome has a fascinating piece on why Giorgia Meloni is pushing back on Italy’s shift to digital payments....
...I’m not measured by some hideous American-style appraisal system. I’m giving my all on my two days at work. I’m good at what I do and I’m left to get on with it. Bliss....
...“As we look over the next 24 months our goal is to understand what cumulative defaults will look like,” said Adam Abbas, co-head of fixed income at Harris Associates....
...A version of this article was first published by Nikkei Asia on February 14 2023. ©2023 Nikkei Inc. All rights reserved....
...Only 60 per cent of workers in south-east Asia are estimated to have bank accounts, Naik said, but ecommerce in the region is growing quickly as more consumers gain access to the financial system....
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...Read the full story, from the FT’s Bryan Harris and Michael Stott in Brazil, here....
...The bitter fallout between billionaire Apollo co-founders Leon Black and Josh Harris, currently playing in a New York court, would surely get soaked up by Netflix viewers....
...Olaf Scholz said the affair had revealed that Germany’s system of financial regulation “needs to be reorganised”. 2....
...low customer traction and regulatory problems) and highlights how tough the UK market really is for new banks.In other worrying fintech news this week, Revolut said that losses had tripled in the last financial...
...The financial sector in Brazil is also evolving because of plunging interest rates, which have reduced the cost of funding for fintechs and weighed down on big banks’ lending rates....
...You don’t have to be Thomas Piketty to recognise that inequality poses a significant risk to the global system as it stands....
...Capital requirements absorb the blow Fears for the global financial system peaked in mid-March when the $20tn market for US government debt seized up, leading some to envisage a repeat of the bank collapses...
...Yet non-profits remain sceptical of efforts — notably by Japanese megabanks like Mizuho Financial Group, Sumitomo Mitsui Group and Mitsubishi UFJ Financial Group — and point out loopholes, including the...
...For Harris, two events are salutary: the fuel tanker strike of 2000 and the financial crash of 2008....
...An overly indebted financial system will weigh on long-term growth prospects. It also reinforces the feedback loop between central banks and asset prices....
...The Chinese government has long held a tight grip on the country’s financial system, opening up to trade but closing out competition to its national businesses from foreign institutions....
...AstraZeneca Plc has made a preliminary approach to rival drugmaker Gilead Sciences Inc. about a potential merger, according to people familiar with the matter, in what would be the biggest health-care deal...
...Chantelle Cseh Partner, Davies Ward Phillips & Vineberg As an associate in 2015, Chantelle Cseh designed a model to conduct a paperless trial for the Husky Injection Molding Systems v Robert Schad litigation...
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