Hints and tips:
...Job moves Bank of America has hired former BNP Paribas banker Benoit Nevouet to head its new Luxembourg unit, per Reuters....
...BNP Paribas has hired Bank of America veteran Frank Kotsen as global head of distressed debt. He was most recently a partner and head of credit at hedge fund Silver Spike Capital....
...Cerberus is close to bagging $14bn at the supermarket In 2006, Cerberus Capital Management was mostly an afterthought in a mega buyout of the US grocery chain, Albertsons....
...The National Association of Real Estate Investment Trusts estimates that US Reits collectively own over $4.5tn of property and have a stock market value of about $1.7tn....
...Highland Park, an affluent suburb of Chicago....
...It’s a novel way for big corporations to buy chunks of companies that would otherwise need to be purchased as a whole, drawing on the bounty of private capital sloshing around the world....
...capital....
...Drew Guff, founding partner of private equity firm Siguler Guff, has been elected as chair of the Global Private Capital Association....
...The bank’s current business model is a far cry from the original plan for a monoline credit card company, following the model of Capital One in the US....
...He cites fiscal reforms, the creation of a public investment bank and the “bettering of relations between the tech scene and national administrations”....
...The Wall Street bank raked in record revenue from asset management in the past quarter thanks to a nifty trick: investing its own capital....
...The bitter legal battle culminated on Tuesday when Furman ruled in favour of the asset managers — among them Brigade Capital, Symphony Asset Management and HPS Investment Partners — on the receiving end...
...structure of National Basketball Association franchises....
...and security of America at risk”....
...One thing to start: Morgan Stanley and Bank of America highlighted the two big themes that dominated US banks’ earnings season this week, as the former swept to record profits on a trading boom and the latter...
...Boris Johnson, British prime minister, will this week urge EU national capitals to veto a suggestion from Brussels that would block AstraZeneca vaccine exports to the UK....
...(FT) Apollo’s Greensill bid crumbles Apollo Global Management’s plan to buy parts of stricken finance company Greensill Capital out of administration is on the verge of collapse, according to people familiar...
...US banks, meanwhile, are pressing the US central bank to extend concessions that loosened capital requirements when the pandemic struck....
...“We don’t know what the future of Covid is . . . and neither do they [banks] so I think it would be difficult to say whether the worst is over or not,” said Nancy Foster, president of America’s Risk Management...
...Chung has worked at Nomura, UBS, Highland Capital Management and Verition Fund Management in his career. He also briefly worked at Carlyle Group....
...Barclays has hired Georgi Balinov as its head of global technology payments banking. Balinov, who will be based in New York, joins from Bank of America....
...In the US, $9.5bn of credit charges — including loan loss provisions — pushed Wells Fargo to a $2.4bn loss, while profit fell more than 50 per cent at Citi, Bank of America and JPMorgan....
...That would be “Die Deutsche Bank Filiale Nurnberg v Humphrey”, which says “the exchange rate from the date of domestic judgment should be used”....
...The Dun & Bradstreet listing was managed by joint bookrunners Goldman Sachs and Bank of America....
...university plans more 100-year debt in ‘anything goes’ bond market (FT) Loan growth helps Bank of America beat estimates (FT) Michael Moritz backs Turkish grocery start-up (FT) Goldman dumped its entire...
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