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...Having only seen the nave used for elaborately staged Chanel shows in the past decade, I have found it quite a revelation to admire the empty space. Left Bank or Right? That is the question....
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...Likewise, with bullion lifts in banks. “Who knows what the weather will be this year?” I said. “It doesn’t look like it’ll be the same, does it. But who knows?...
...We are in what Clothier describes as the “tulip stage” where “literally anything can happen”....
...Email Jo at jo.ellison@ft.com Find out about our latest stories first — follow @ftweekend Letter in response to this article: The key to our fascination with Ancient Rome / From Daniel Seifert, Singapore...
...A second plotline revolving around a Nasa scientist (played by a habitually gruff Jonathan Banks) who was remotely overseeing an arcane experiment on the ISS at the time of the explosion only raises further...
...That is, of course, for a price. Boutique banks are riding the wave of distressed companies in need of help, and their advisory fees have surged this year as a result....
...The odds are it will be coming from card-issuing banks such as JPMorgan, Citigroup or Bank of America rather than Visa or Mastercard. Banks have plenty of ways to offset lower interchange fees....
...The biggest profit driver was Citi’s corporate and investment bank, where fees jumped about 50 per cent from a year ago....
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...The Delaware court this year invalidated such a practice at the investment bank Moelis & Co, which had given its founder veto power over nearly all of the standard work conducted by a board of directors....
...A version of this article was first published by Nikkei Asia on March 30. ©2023 Nikkei Inc. All rights reserved....
...Jefferies chief executive Rich Handler has sold $65mn of his stock in the Wall Street investment bank to buy a luxury yacht from longtime client Tilman Fertitta....
...Another area under review is digital payments, where banks are regulated but companies such as Apple and Google offering similar services are not....
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...NYCB gets worse It is a sign of our times that a pretty big US bank is in deep crisis and nobody much cares....
...That such a large share of the workforce might be working for “a bunch of troubled portfolio companies” is . . . sobering? Then there are the banks....
...“But the fact that the announced M&A is up is a good indication that you should see a pick-up of revenues later in the year.”...
...That’s the way it is now inside the big banks. Banks strike back at private credit A dearth of large buyouts to kick off 2024 has clouded hopes of a deal rebound....
...Jo Richardson, head of research at the non-profit Anthropocene Fixed Income Institute, called it a “coming-of-age moment”....
...But all three generate surprisingly big chunks of their operating income from profit-sharing agreements with their partner banks....
...“These are extraordinary concessions by Visa, Mastercard and the banks,” said Jaret Seiberg, an analyst at brokerage TD Cowen, who added that the settlement could represent a threat to credit card rewards...
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...hire a top investment bank to help consider a sale of all or part of the business....
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