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...The bone of contention was the balance between investment and capital returns to shareholders....
...It was these particular banks — who bet their franchises on economic froth — that couldn’t raise capital when they ultimately needed it....
...Everyone believes interest rates will go down,” says Greg Carey, global co-head of sports franchise at Goldman Sachs....
...The Arm flotation is shaping up as the equity capital markets event of the year....
...The “weak link”, as Jefferies puts it, is Refinitiv’s “desktop franchise”, ie Eikon, ie the Bloomberg terminal competitor that is often invoked in the sentence “stupid f---ing Eikon”....
...In plainer words, SVB was less an outlier, and more a fundamentally risky business whose uninsured depositors were a critical part of its franchise value....
...Job moves JPMorgan Chase has hired John China — the president of Silicon Valley Bank’s venture capital arm SVB Capital — as co-head of innovation economy based in San Francisco....
...The dilemma disappears only if uninsured deposits do not contribute to the deposit franchise (if they have a deposit beta of one)....
...It has a decent UK franchise: about 166 corporate clients in the UK. That beats the 145 Lex counted for JPMorgan Cazenove, though admittedly its customers are typically larger....
...If he receives National Football League approval, it would-be a global record paid for a sports franchise....
...Not for now are questions around why Deutsche is buying a cash equity franchise just three years after closing its own, or around why a bolt-on acquisition is a more productive use of capital than a buyback...
...Tim Hortons, a Canadian chain whose franchise rights in China are owned by a Nasdaq-listed company that is backed by private equity firm Cartesian Capital, opened its 600th store in January....
...Such tests could involve asking the banks to raise outside capital to reveal the strength of their franchise value....
...For the first five months of this year, venture capital funding in south-east Asia reached just $4bn....
...The announcement came shortly after Soroban Capital Partners published a letter it had sent to the board, warning that the freight rail operator — one of the largest in the US — was lagging behind rivals...
...He joins from Houlihan Lokey, and was UBS’s co-head of equity capital markets before that. Morgan Stanley has hired veteran investment banker Daniel Cohen from Truist Financial Corp, per Reuters....
...As part of the deal with Iconic, agreements have been put in place for a potential merger between Eagle Football and the investment group’s NY-listed blank-cheque company, Iconic Sports Acquisition Corp,...
...Israeli entrepreneur Doron Cohen created CIAL when his family bought the Latin American franchise of Dun & Bradstreet about five years ago. It remains a partner of its US parent....
...The Big Six have strong domestic franchises and dominate retail and commercial banking in their home market....
...But ultimately these are a pair of brokers with strong UK franchises: any bet on them is a bet on UK plc....
...Top investors such as T Rowe Price and Independent Franchise Partners have already spoken out against a straight merger, while activist investors such as Irenic Capital have piled in with demands....
...Goldman also promoted chief strategy officer Russ Hutchinson as chief operating officer of the M&A franchise in global banking and markets....
...And we are going to find out who are the financiers of these vandals,” Lula said, as he returned to the capital after a night of violence....
...The chain oversees about 1,000 stores in the UK of which about 70 per cent are franchises and the rest company owned....
...But while programming decisions are made centrally, ownership of the gyms is local, with franchise operators putting up the capital and making their own decisions about where to set up, who to hire, and...
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