Hints and tips:
...Don Hankey, a Los Angeles-based subprime auto loan billionaire, has said two of his biggest early-career mistakes were to only do business with honest people and to trust his gut to pick those people out...
...He has vowed to go further if the Tories win the general election expected this year by eventually scrapping national insurance contributions....
...And Stephen, a big part of that second half of the programme to retain the trust of these voters was the concept of levelling up. But that’s just not really happened, has it? Stephen BusNo....
...The company has raised $500mn from investors since being created and has signed partnerships with AstraZeneca and life insurance companies such as Discovery and Massachusetts Mutual....
...Blackstone’s Stephen Schwarzman saw his holdings increase the most, gaining over $12bn in value....
...Funders invest in a portfolio of cases and might cover the costs of lawyers and expert evidence, and arrange insurance products....
...Wellcome Trust warns of private equity ‘shakeout’ Nick Moakes, chief investment officer of the £38bn Wellcome Trust, reckons that the private equity industry is facing a “shakeout” that could result in...
...The fund, Blackstone Real Estate Income Trust, or Breit, was forced to limit investor withdrawals to avoid a painful fire sale of assets to meet the flurry redemption requests....
...“double dummy”, “Up-C”, “Morris Trust”, “reverse triangular” (which honestly sounds like something very different). Well, these might finally matter now....
...commercial real estate borrowers (CRE) behind on repayments climbed 612 per cent in the first quarter to $840mn, according to reports filed by Goldman’s licensed banking entity with the US Federal Deposit Insurance...
...Those earnings were buoyed by growth in the firms’ overall assets, particularly credit and insurance-based investment operations, which benefited from fast-rising interest rates....
...Stephen Mayes, his longtime friend and executive director of the Tim Hetherington Trust, recalls the first time he encountered Tim’s work....
...Last month, the firm merged its credit and insurance arms in the hunt for its next trillion....
...But customers have been cutting back and putting pressure on prices this year, forcing the prestigious firms to freeze US starting salaries, the FT’s Stephen Foley reports....
...“The backstop [provided by the insurance sector to the world] will fail,” is what Robinson told staff at Swiss Re, one of the world’s biggest providers of cover for insurance groups....
...Follow Stephen on Twitter @stephenkb and please send gossip, thoughts and feedback to insidepolitics@ft.com....
...Stephen Anness is manager of the Invesco Select Trust plc Global Equity Income Share Portfolio...
...Stephen Pegge, managing director of commercial finance at UK Finance, which represents the financial services industry, acknowledges a lack of trust in institutions has been an issue but suggests this was...
...“What we’re witnessing now is the difficulty of scaling up production in the auto industry,” said Fitch Ratings analyst Stephen Brown....
...There’s also a link there to Stephen Bush’s award-winning Inside Politics newsletter. You get 30 days free. And don’t forget to subscribe to the show....
...Scottish Mortgage showdown The FT digs into deep-seated tensions over strategy at the UK’s biggest investment trust that led to board member Amar Bhidé’s dramatic exit....
...Stephen ShergoldPartner, Dentons When Stephen Shergold noticed that Africa-related projects in the firm’s energy, infrastructure and project financing department were underperforming, he visited 15 countries...
...Stephen Millard: Growth in 2024 will be anaemic at best....
...Accidental Conflict: America, China and the Clash of False Narrativesby Stephen Roach, Yale University Press £25 Stephen Roach, a former chair of Morgan Stanley Asia and now a senior fellow at the Paul...
...The national insurance rise had already gone through. It had been passed as a health and social care levy, which people broadly bought into at the time....
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