Hints and tips:
...Traditional asset managers such as Franklin Templeton, AllianceBernstein and T Rowe Price have been racing to snap up alternative providers, including infrastructure, private equity and private credit funds...
...to people briefed on the matter....
...Snap has named former Google executive Pulkit Trivedi as head for India as part of a broader effort to grow its presence in the market....
...News round-up Generali snaps up Conning to create one of Europe’s largest asset managers (FT) UK fintech raises up to £335mn in rare London IPO (FT) Man Group moves into private credit with US fund Varagon...
...Leave your credit card in your wallet, don’t go near an ATM, and come armed with US dollars in cash that you can change into pesos on the ground. Not just any dollars, crisp $100 dollar bills....
...(The Times) — Pimco on yesterday’s Fed meeting. (Pimco) — The PagerDuty CEO who quoted Martin Luther King in her mass sacking email is v v v sorry....
...Slovakia: populism versus civil society Slovakia’s highly fragmented political party system makes it difficult to predict the outcome of the snap elections to be held on September 30....
...whether banks might snap them up....
...Ralph Hamers’s delayed American dream Becoming a Swiss banking heavyweight isn’t hard to do when your chief rival is Credit Suisse....
...The case is part of a trend in distressed debt investing, in which investment funds snap up the discounted bonds of troubled companies in the hope of swapping that credit position for control of its assets...
...Its $440bn credit arm makes more business loans than some midsize banks, making it not so much an investment outfit as an alternative financial system....
...Rising interest rates are likely to boost the bottom line of high street lenders, with credit quality yet to deteriorate....
...“Everyone benefited from the fact that there was such a sharp snap back in the economy.”...
...It credits advances like a giant language model known as MUM for making its services more engaging and its advertising more effective....
...Laurie Yoler, an early Tesla board member, also credits Musk with having the vision to start with a clean sheet of paper and the doggedness to see it through....
...The photograph went on to be bought by institutions around the world, including the V&A in London....
...Well, partly because Credit Suisse is paying millions of dollars to keep the lights on at Greensill....
...Often they clear the borrowing quicker than a high street bank would, helping clients snap up a bargain....
...(FT) A cautionary private equity tale KKR bet big on the risky allure of the swiftly emerging Indian credit market, but a shadow-banking crisis in the country would derail its decade-long hunt for returns...
...The individual said Facebook faced “significant competition from the likes of Google, Apple, Snap, Twitter and Amazon, as well as new entrants like TikTok....
...Buoyed by a sharp quarter-on-quarter slump in charges for expected credit losses, HSBC has begun lobbying to restart payouts....
...Nicholas Basso has joined Peak Rock Capital as a managing director, focused on credit investments. He previously worked at Oaktree Capital Management....
...their credit cards....
...to make a killing on its swaps....
...The depth of credit losses hinges on the amount of risk that countries are willing to share with the banking sector....
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