Hints and tips:
...john.plender@ft.com...
...By 1990, Credit Suisse had bought a controlling stake in First Boston after the US business lost millions of dollars on the collapse of the junk bond market....
...) Temu-owner PDD doubles revenues to cap ‘pivotal’ year (FT) Raiffeisen pulls AT1 bond deal over Russia deal fears (FT) Boeing warns of first-quarter cash burn after door plug blowout crisis (FT)...
...David Sheppard Will investors go heavily back into bonds? Yes. “Bonds are back” was the biggest bet in markets in 2023, but it was a flop....
...July 25 and 27; further information and tickets here ‘Breaking the Waves’, Hamer Hall (Arts Centre Melbourne) Missy Mazzoli’s much-acclaimed operatic adaptation of Lars von Trier’s 1996 film, with soprano...
...The bail was set at $250mn. US stocks had a horrible year and some investors are pivoting back to bonds. Plus, we’ll look at why 2022 was the year of the “I, alone, can fix it” CEO....
...Prosecutors have also accused Bankman-Fried of attempting to contact both FTX US general counsel Ryne Miller and John Ray, who is managing FTX’s bankruptcy....
...There’s the issue of bail-in notes with a value of £175mn....
...Chief data reporter John Burn-Murdoch attempts to answer the question....
...Von der Leyen meets Biden: European Commission president Ursula von der Leyen is in Washington today meeting US president Joe Biden....
...But the pressure is mounting on Sewing and his deputy Karl von Rohr, who was in charge of the integration, to pull off their goal of €300mn of cost savings by 2025....
...So they are unusually vulnerable to losses on their bond portfolios....
...We are left in a position in which the taxpayer has effectively had to bail out pension schemes via the Bank of England intervention....
...A classic case in point was the financial crisis of the mid-1970s when pension funds helped bail out the UK banking system by buying risky properties that were weighing on bank balance sheets....
...Many life insurers have spent the past decade investing in longer-dated bonds in an attempt to boost yield when rates were near zero, as Piper Sandler’s John Barnidge pointed out in a late 2022 note: A...
...Special thanks to Laura Clarke, Alastair Mackie, John Schnaars, Eric Sandler and Jess Truglia....
...The office has been criticised for allowing Bankman-Fried to be released to his parents’ California home on a $250mn bond, while those accused of lesser crimes have been denied bail in the district....
...John Plender is an FT columnist. Illustrations by Bill Butcher....
...A number of Adani Group dollar bonds also took a hit on Wednesday....
...that designed the bail in package....
...Banks have always been willing to float new bonds for the country in the full knowledge that if it defaults then the fund will always be willing to do a bail-out....
...Friedrich von Hayek would say you actually need market prices to move, to incentivise, to tell people what social requirements really are....
...John Gapper explores why....
...There he was inspired to “embrace the German muse as a substitute mother”, immersing himself in the works of Johann von Goethe, Heinrich von Kleist and Georg Büchner....
...Also worrying is the potential for a repeat of the Long-Term Capital Management hedge fund’s near-collapse and bail out in 1998....
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