Hints and tips:
...Goldman Sachs and Morgan Stanley, whose businesses skew more towards investment banking and money management, report earnings on Tuesday....
...News round-up Chinese shadow bank Zhongzhi faces $36bn shortfall after ‘management ran wild’ (FT) British tech tycoon Lawrence Jones guilty of rape and sexual assault (FT) Hipgnosis seeks new auditor...
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...Fergus Wheeler and Paul Yin, both private credit specialists, who are joining from US rival Akin Gump Strauss Hauer & Feld....
...Earlier this year, an insurer run by Elliott Management abandoned a $4bn takeover effort for the insurer....
...was revealed by the FT in 2021 to be under suspicion by western intelligence agencies of being a spy for the Kremlin, has a grandfather who was also suspected of being a Russian operative, the FT’s Sam Jones...
...It limits credit risk and is available on the exchange.”...
...BlackRock supplements its money management business with a chunky technology services business centred on its Aladdin risk management platform....
...The fund group’s private markets business also raised $35bn from customers last year, led by private credit and infrastructure....
...GDP is on the rise but tighter credit conditions in the wake of the recent banking crisis has made monetary policy decision-making even more of a tightrope walk than usual....
...The ethics charter now forms part of Schneider’s essential training for all staff and Wexler credits it as one of the foundations of its award-winning ESG policies....
...J&J hired Jones Day, a Cleveland-based law firm and author of the “Texas two-step”....
...Dan Draper The CEO of S&P Dow Jones Indices is an index fund veteran, having worked at the pioneering Barclays Global Investors in the mid-noughties and since then led the ETF units of Lyxor, Credit Suisse...
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...This isn’t Jones Day’s first rodeo....
...“High gas prices may push credit card default rates higher, particularly at the lower end of the income spectrum, but that has yet to show up in anyone’s reported numbers.”...
...Kyle Sanders, analyst at Edward Jones, said that T Rowe had “needed more diversification” and that Oak Hill provided it with “immediate access to fast-growing private credit markets, instantly filling a...
...The Chicago-based group, with operations spanning credit ratings, investment research and asset management, is acquiring indexing specialist Moorgate Benchmarks, which develops the customised and personalised...
...Moody's Investor Service warned the spin-off could have a negative impact on J&J’s coveted triple A credit rating, citing the reduction in scale, diversity and earnings following the transaction....
...Jones, a financial services group....
...“While the pension client loss weighed on the overall flow figure, underlying trends were solid,” said Kyle Sanders, analyst at Edward Jones....
...Laster wrote, “‘[b]ased on the contemporaneous documents, it is difficult to credit Jones’s denials as anything other than the product as wilful blindness . . ....
...all asset managers will benefit from rising equity markets this quarter, we believe BlackRock’s ability to deliver outsized flow growth remains a key differentiator,” said Kyle Sanders, analyst at Edward Jones...
...Assets under management in the products increased 14 per cent to $374bn between January and May, while they have almost tripled in three years....
...Members only . . . but shares for everyone The key to Nick Jones’ business is discretion....
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