Hints and tips:
...In the filing, IAG said that Lex Greensill, the Australian financier who ran the group, approached its key underwriter, Greg Brereton, in 2018 to propose an arrangement that would allow its German banking...
...The “representations and warranties” insurance policy that JPMorgan took out for the Frank deal applies in cases of fraud and the bank has filed a claim with the underwriter, the people familiar with the...
...In terms of dislocation, this was as pronounced as it gets, where underwriters for any new transactions were essentially out of business.”...
...“It’s not beyond the realms of possibility that [underwriters] could process 10 times the volume,” said David King, co-founder and co-chief executive of Artificial Labs, which offers fully automated underwriting...
...The company has apologised and said it was investigating and co-operating with affected clients. It was the second significant attack on the group in as many years....
...Rani Snyder, a vice-president at the John A Hartford Foundation, which specialises in programmes for the elderly, told me that impact investing for quality ageing needs to go hand in hand with philanthropy...
...Others ponying up to co-chair the event include sugar tycoon Pepe Fanjul, casino magnates Steve Wynn and Phil Ruffin, World Wrestling Entertainment co-founder Linda McMahon and conservative megadonors Robert...
...In the new document, Hartford-Davis and his co-author Zoe Bush write that nature-related risk has become more of a threat to directors thanks to a series of developments over the past year....
...extended again Fourth anniversary of the UK leaving the EU after 47 years in the bloc UK: former Co-operative Bank chair Paul Flowers, is due in court for a plea hearing after being charged with fraud...
...“You have seen more stability in the ecosystem, [with investors] feeling rates are finally coming down . . . As an underwriter you’re more comfortable putting on risk positions.”...
...“We’re still in an environment where the economic outlook is questionable,” said Eddie Molloy, co-head of Americas equity capital markets at Morgan Stanley....
...Tim Hartford explains why you should not shy away from Monopoly and Co....
...“First Citizens understands that the SVB business was underwriting the underwriters,” said Lux Capital’s Hébert....
...Also, some clients worry (wrongly, in my view) that banks might favour investors’ interests over their own. They expect advisers to keep underwriters “honest” in their recommendations and approach....
...It has also offered customers a sliver of the shares in a few mainstream IPOs, including Rivian and Nubank in late 2021, and Oddity Tech earlier this year, without being named as an underwriter....
...“Our users have a deep sense of ownership over the communities they create on Reddit,” Reddit co-founder and CEO Steve Huffman writes in the prospectus....
...IAG was one of the main insurers behind $10bn of cover arranged for Greensill through Bond & Credit Co, an underwriting agency the Australian insurer owned a 50 per cent stake in before selling it to Tokio...
...Barclays, Goldman Sachs, JPMorgan Chase and Mizuho are leading a consortium of 28 underwriters for the IPO....
...The Hartford, the insurer involved, told National Public Radio last week that the data it provided to Ariely was substantively different from that described in his published study....
...With the help of underwriters Goldman Sachs, Morgan Stanley and Allen & Co, Oddity Tech flew off the shelves....
...Mizuho Financial Group has set its sights on becoming one of Wall Street’s top 10 investment banks by 2026, betting its acquisition of Greenhill & Co can help it succeed in a market where many overseas companies...
...But even the biggest institutional investors can’t perform the kind of due diligence of a private buyer or even IPO global co-ordinator....
...In fast-growing Florida, in particular, a surge in construction costs over the past 18 months has added to the uncertainty for underwriters....
...“It was co-ordinated that he would arrive like that,” Cohen said....
...In September, Arm’s blockbuster Nasdaq listing marked a $105mn payday for the chip designer’s underwriters, while Cisco’s $28bn acquisition of software maker Splunk should also prove lucrative for the companies...
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