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...Norway’s fund, for example, is an investor in listed UK media groups. RedBird IMI, which has been advised by investment bank Robey Warshaw, could hire another bank for the sale....
...The bank then launched an auction to sell the business, which includes the Spectator magazine as well as the Telegraph newspaper....
...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...The bank is specifically focusing on private credit as one of its major engines of growth....
...The bank’s Petershill Partners private equity unit on Tuesday agreed to buy more than 20 per cent of Kennedy Lewis, valuing the firm at north of $1bn, said two people with knowledge of the matter....
...After 17 years at Goldman Sachs, he made his real fortune fronting a group in 2009 to acquire IndyMac, which now ranks as the fifth-biggest failed bank in US history....
...Even groups that have managed to go public recently have had to offer investors significant valuation discounts compared with listed rivals....
...In the past decade, deal activity has slowed ahead of elections, particularly in the US, according to LSE Group data....
...Beth Hammack, co-head of the financing group and one of the most senior women at Goldman who sits on the group’s powerful management committee, is leaving after 30 years at the bank and less than three years...
...The UK bank had initially planned to auction the media group but RedBird IMI’s decision to lend the Barclay family cash killed that process....
...Disney has paid JPMorgan more than $160mn in fees since 2014, more than to any other investment bank, according to LSEG data....
...Over the past few months ExxonMobil agreed to acquire shale group Pioneer Natural Resources for $60bn, Chevron reached a deal to buy Hess for $53bn and chip design toolmaker Synopsys announced the takeover...
...“The receptivity to bank M&A of size has not been high in this administration,” said Brian Graham, partner at financial services advisory firm Klaros Group....
...The challenges facing Khan and the wealth management business were laid out starkly last month when the bank published its full-year results....
...It has been a year since UBS rescued its crosstown rival Credit Suisse, and the success of the most consequential bank merger since the global financial crisis may come down to whether Khan can turbocharge...
...Walmart teamed up with tech group Innovid last year to run personalised ads on TVs....
...The 133-year-old Swiss bank had interviewed Credit Suisse’s then hotshot head of wealth management, Iqbal Khan, for the role, but ended up settling on the relatively unknown insider Rickenbacher....
...UBS has named Kurt Anthony head of its consumer and retail group in the Americas. He joined the Swiss bank last year from Barclays, where he focused on apparel, speciality retail and packaged food....
...More than 16,000 staff left the combined group in 2023, with tens of thousands more jobs expected to go in the coming years as the bank focuses on hitting cost-reduction targets....
...For those still at Goldman, bank president John Waldron is viewed as the leading candidate....
...Getting the licence means Citi will be able to pitch itself as a full-service bank to its mainland clients. Mainland listings, with their low fees, are not lucrative for foreign banks....
...The deal with Canary Wharf Group, which owns the 14-storey building, ends months of speculation about the bank’s plans after several other big financial sector tenants quit Canary Wharf for the City of London...
...The Berkshire-based Malloy Aeronautics has been bought by the FTSE 100 defence group for an undisclosed sum....
...Minority groups are feeling increased hostility. Muslims, Jews and trans people in particular are facing rising levels of abuse....
...She joins from private equity group Carlyle....
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