Hints and tips:
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Meanwhile, Twitter is edging closer to accepting Elon Musk’s $43bn bid to buy the company....
...Markets The Bank of England’s quantitative easing programme has made it the biggest holder of UK government debt (gilts), overtaking overseas investors and pension and insurance companies....
...The details of the correspondence emerged in the claim by Tata, which is suing three of Gupta’s companies — Liberty Specialty Steels, Liberty House Group and Speciality Steel UK — over the partial payment...
...The rebound in macro data, which has given hopes of a V-shaped recovery, could prove to be an illusion and the recovery will slow down.”...
...Mr Hudson pointed out that most of the 76 vaccine candidates now in development in universities and smaller companies would never be mass produced....
...(FT) HK v SH The fight to attract IPOs used to play out between Hong Kong and Singapore but now the focus has moved northward....
...The acquisition is fully aligned with Axis’s international specialty insurance growth strategy and will combine two highly complementary businesses, substantially enhancing our depth and breadth of product...
...Hudson's Bay puts its real estate to (We)work Take a bow, Jonathan Litt....
...V....
...Blackstone’s approach has been less in specific corporate finance actions and more about corporate finance lessons from Schwarzman on earnings calls (most recently, invoking Graham and Dodd)....
...During a visit to the FT this week he evoked the movie Sully, which tells the true story of a pilot who flopped his plane on to the Hudson after a flock of geese blew out both engines....
...The need for these requirements is less clear for two other categories of financial institutions currently labelled as Sifis: midsize regional banks and large insurance companies....
...The other two non-bank Sifis are Prudential Financial and American International Group, the insurance companies....
...Amtrak estimates its total losses will reach around $504m, well within the $675m that the rail company says is the insurers’ maximum exposure....
...Since the crisis, Ellington has created and listed two permanent capital vehicles, a Reit and a $670m specialty finance company called Ellington Financial, which buys mortgage-backed securities and also...
...Email Viral V Acharya...
...Related links: Dodd-Frank, Titles I thru XVI – FT Alphaville Of reform, US bank ratings, and repo – FT Alphaville Fcrt-ing about with the repo market – FT Alphaville That $19bn bank fee?...
...They want to be a bank, be a bank holding company, have access to the Federal Reserve, have access to deposit insurance, then they’ve got to follow the rules for banks....
...Should we start worrying about bans and insurance companies with respect to this re-pricing?...
...When Kellner died four years later, Ernst I took over the business, and quickly proved to be a progressive and enlightened employer, setting up one of Germany’s first company health insurance schemes....
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