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...US asset managers Fidelity and Capital Group between them raised their stakes by more than SFr1.5bn and are now top-10 independent shareholders, according to data from S&P Capital IQ....
...But at least half of 2023’s reductions came from Wall Street lenders, whose investment banking businesses have struggled to cope with the speed of interest rate rises in the US and Europe....
...the funds for another purpose — which was not discovered by the SoftBank defendants until after the transaction was complete — does not make the SoftBank defendants liable for [the Credit Suisse fund]’s...
British bank reports 13% decline in quarterly profits but still beats analysts’ expectations
...S&P gave the new UBS AT1 a BB rating, five notches below its A- credit rating on the bank....
...The UBS sale lifted AT1 borrowing this year to $53.5bn, according to data from LSEG — down considerably on the previous four years to date, but above 2018’s figure of $49bn....
...According to analysis by rating agency S&P, Spanish and Italian lenders have also passed on a smaller portion of the benefits of higher rates — known as deposit beta — to depositors than other banks, including...
...Barnett is rewarded when Michael Dell pays a then-record $100.5mn for One57’s penthouse....
.... £10.99 (Walker Books), blackwells.co.uk The Little Prince by Antoine de Saint-Exupéry, translated by Katherine Woods This is a gorgeous slip-cased gift edition of a treasured classic....
...Guest drummer Ian Thomas adds precision, guitarist Mike Walker a sophisticated blues-laced touch....
...NBIM, which was already a top-10 UBS shareholder, has overtaken US investors Dodge & Cox and BlackRock to become the largest investor, according to S&P Capital IQ....
...UBS has a S$700mn ($510mn) bond that is callable at the end of November and $2.5bn bond that is callable at the end of January....
...“If you have fewer banks in the system, they control the market and they can more effectively control how much is passed on to consumers.” said Charnay of S&P....
...“You are not going to lose too many votes by increasing taxes on banks,” said Giles Edwards, a banks analyst at S&P Global Ratings....
...instance of retailer Belk in 2021, the court confirmed a bankruptcy plan within 24 hours of filing, a turnaround time described by one prominent law professor as emblematic of what he believed was Chapter 11’s...
...A spokesperson for the Moreno campaign slammed the Democrats’ tactics, saying the party “constantly underestimate[s] the America First movement at their own peril”....
...“European banks do not exhibit a combination of large unrealised losses on securities portfolios and highly confidence-sensitive funding models,” S&P analyst Giles Edwards said in a recent report....
...If you are looking for a deeply scholarly history of the Dictionary, turn to her previous work, 2012’s Words of the World; this new book is truly a people’s history....
...Chairman redux As anti-DEI sentiment sweeps corporate America, thousands of filings reveal that S&P 500 companies are changing to gender-neutral language at a slowing rate, Bloomberg reveals....
...Suggested reads TSMC forecasts return to strong growth as global chip market recovers (FT) Tesla cars face more entry bans in China as ‘security concerns’ accelerate (Nikkei Asia) AT&S to start chip substrate...
...“French banks have not enjoyed the same boost to revenues and immediate benefit from higher rates as their European peers,” S&P Global Ratings said in a report last month....
...I recently attended the opening of a factory by Austria-based chip substrate supplier AT&S in Kulim, Malaysia....
...The battle for Middle England John Lewis and M&S are courting the same middle-class customers. They are having differing levels of success, the FT’s Laura Onita writes....
...“Combined with the easing in the quits rate, this is a small step in the right direction in terms of signals that the labour market may be coming into better balance,” said Katherine Judge, senior economist...
...Himid, Rachel Whiteread, Hurvin Anderson, Yinka Shonibare and Tacita Dean (most of which remain available to buy) have been used to acquire 35 works by 28 artists, two of whom – Jesse Darling and Barbara Walker...
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