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...According to people involved in UBS’s plans for its US wealth business, the bank is looking to replicate moves made by Morgan Stanley in recent years....
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...Declarer must be alert to making his ruffs quickly, so he must preserve a fast re-entry to his hand. He should take trick 1 in dummy with K♣, cash ♥AK and lead 3♥ to ruff in dummy....
...Bank of America, Morgan Stanley and CICC are joint sponsors of the deal. J&T declined to comment....
...“We’re in a period where we’re going to see very serious distress in our industry for companies that didn’t leverage prudently,” Malone said in a November interview with CNBC, pointing to Altice in particular...
...“We’re announcing no job changes today,” he said, adding: “With [profit] margins at 3 per cent and less in this industry, we’ve got to find better ways of doing things.”...
...hand; J♦ followed....
...Lilah is on Instagram @lilahrap and we’re on X @lifeandartpod. You can email us at lifeandart@ft.com. We are grateful for reviews, on Apple, Spotify etc....
...We’re taking a short break but will be back in your inboxes on Tuesday, December 26. Happy holidays! Five more top stories 1....
...We’re also reading . . . RedBird: Gerry Cardinale, the man who built the $10bn private equity group behind several high-profile media and sport takeovers, speaks to the FT....
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...Delivery group J&T Global Express, which was advised by Morgan Stanley, Bank of America, CICC and UBS in its IPO, avoids naming China in a section that says “many of the legal systems in our markets are...
...So even if WFH can’t be undone it’s probably more than in the price for UK Reits, says Morgan Stanley....
...The third exceptional factor is the vast increase in migration and border crossings. The battleground survey asked voters what would concern them were Biden to be re-elected president....
...And it looks like we’re getting some of that,” said Scott Siefers, a banking analyst at Piper Sandler....
...J Sainsbury was among the biggest fallers on the FTSE 100 on Wednesday after strong grocery sales failed to allay concerns over its struggling general merchandise business....
...“We’re absolutely confident that within this contract, we have preemption rights,” said Neil Chapman, Exxon senior vice-president, at a Morgan Stanley conference on Wednesday....
...“We’re running circa two months ahead of what I would consider a normal type schedule for investment-grade issuance,” said Teddy Hodgson, co-head of Morgan Stanley’s global investment-grade debt syndicate...
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