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...News round-up Chinese shadow bank Zhongzhi faces $36bn shortfall after ‘management ran wild’ (FT) British tech tycoon Lawrence Jones guilty of rape and sexual assault (FT) Hipgnosis seeks new auditor...
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...It limits credit risk and is available on the exchange.”...
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...Aylward says Pfizer was not fast enough but should be given credit for stepping up this autumn. Vaccines have now been delivered to 161 countries....
...Credit markets also tallied losses, with a closely followed fund that buys junk bonds, known by its ticker HYG, declining 0.7 per cent....
...On the last Sunday of April 2019, a sleek Gulfstream V jet belonging to Occidental Petroleum touched down at Omaha airport....
...Xerox wants to give HP’s board its walking papers We’re all guilty of overusing the David v Goliath trope but in the case of Xerox and HP, it really does apply....
...“It’s traditionally a tough area for smaller players to break in to and establish market share,” said Lawrence White, a professor at New York University’s Stern School of Business....
...WPP will also reduce is planned capex from £400m to v£300m....
...Quite: Dental implants are generally elective, often financed with consumer credit and are a big ticket item....
...The four new hires were announced by Nat Zilkha, the KKR head of alternative credit who will serve as Gibson’s chairman....
...Theranos also had a strong management team. Kemp had spent thirty years at IBM....
...Credit Suisse was the sole underwriter of the Social Capital flotation. Shares were allocated to a concentrated group of investors, including mutual funds, hedge funds and sovereign wealth funds....
...“This is not yet a major earthquake,” said Lawrence Summers, US Treasury secretary under President Bill Clinton. “Whether it’s an early tremor or a random fluctuation remains to be seen....
...The active management of legacy fleet costs is a really big thing....
...Lawrence Haverty, associate portfolio manager at Gabelli Funds, was struck by how many people attended the New York roadshow....
...“Does the company remain committed to debt reduction or move back to a more growth-focused approach,” said Liam Fitzpatrick, analyst at Credit Suisse....
...John Rogers, credit analyst at Moody’s, called the results “not great” and said prospects for another year of large crops meant continued pressure....
...Three smaller deals which priced in 2016 — Paragon Commercial, Midland State and Argentina’s Grupo Supervielle — are all up....
...Moody’s last month announced that it was reviewing IOI’s credit rating for a possible downgrade after RSPO’s suspension and the subsequent customers’ reaction....
...Midland. In 2005, Saliha Madden of New York took out a credit card from Bank of America....
...Earlier this year, technology banker Dhiren Shah decamped to Credit Suisse and media and telecoms banker Lawrence Chu left to join Moelis & Co....
...development programme before taking on various roles in retail and corporate banking. 1989 Moves to Citigroup, working both in London and New York before being appointed head of its branded credit card...
...Analysts at Credit Suisse predict that Samsung Electronics will split, with the operating business falling under a holding company which would in turn be controlled by the Lee family....
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