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...On Wednesday, shares in Martin Sorrell’s S4 Capital dropped 15 per cent, valuing it at just £240mn, after it was forced to warn over revenues....
...Sir Martin Sorrell, chief executive of advertising form S4 Capital, said that some clients that did not have access to first party data on their customers were “panicking”....
...However, politicians and other public figures have also issued proceedings in Ireland against social media groups, including a claim by Micheál Martin, Ireland’s foreign minister, over the use of his name...
...In recent years, Warburg Pincus, General Atlantic and Silver Lake have all promoted new top leaders....
...But the financing that helped make the deal happen came from private equity group Silver Lake, in the form of a Pipe — or private investment in public equity — deal....
...Charles said the firm’s recent fundraising was a sign of strong appetite among institutional investors, including insurers, pensions funds and family offices, to put money into the sector....
...John Murray Guildford, Surrey, UK Letter in response to this letter: Capital gives owners of banks skin in the game / From Thomas Timberg, Bethesda, MD, US...
...11 per cent — a level it said improved in the second half of the year thanks to significant cost reductions....
...Charlie Thomas travelled as a guest of The Great Balkan Rally, from €2,490 per person...
...On Sunday BNP said it had agreed to buy a 9 per cent stake in Belgian insurer Ageas from China’s Fosun Group for about €730mn....
...The hotel’s location at the lake end of the Bahnhofstrasse is excellent....
...Lina Thomas is a Fellow at Harvard University where she teaches macroeconomics and American economic policy....
...Martin Gruenberg spoke to the Financial Times as his agency issued a paper detailing how it would handle the collapse of a global systemically important bank (G-SIB) such as Credit Suisse....
...The filing also alleges that one of Zurich’s own underwriters, Steven Kent, “acted outside the scope of his authority” in increasing the level of insurance he extended to Liberty....
...The anti-Carville thesis came of age with What’s the Matter with Kansas, Thomas Frank’s 2004 book about how the Midwestern state shifted to cultural rather than economic voting patterns....
...katie.martin@ft.com...
...In a paper last year, the IMF warned of potential “contagion” to other parts of the financial system from the rise in PE-linked life insurers. It cited Eurovita as an example of the risks....
...Ken Hao, Silver Lake chair and a managing partner, will join Viavi’s board as part of the investment. Sir Bill Thomas, chair of Spirent, said its board intended to unanimously recommend the offer....
...The German insurance association recently warned of a “massive increase in payment defaults” after credit insurers paid out more than €1.2bn in 2023, up 44 per cent on 2022....
...Thomas Robertson, who serves on the board, intends to retire....
...Their deaths, including Walter Scott, Thomas Murphy and David “Sandy” Gottesman, have forced Berkshire to bring in a number of new overseers....
...Regulators allow banks to originate loans and then share the credit risk with specialist investors, both alternative asset managers and also insurers....
...S4 has cut close to 500 jobs, taking the number of staff to 8,550. It said it would “continue to take action” on costs....
...The insurer’s investment arm, Axa Investment Managers, will buy the 16-acre complex near Watford, north-west of London....
...S4 Capital, the advertising group founded by Sir Martin Sorrell, lost about a quarter of its value on Monday morning after the latest in a series of warnings over revenues and profits....
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