Hints and tips:
...Kennedy Lewis, a $14bn credit firm, last week agreed to sell a significant stake to Petershill Partners, the private equity investment arm of Goldman Sachs Asset Management....
...That’s the lesson to be drawn from a spectacular ding-dong between two of the country’s financial titans, 72-year-old Yoshitaka Kitao and 64-year-old Yoshiaki Murakami, the FT’s Leo Lewis writes....
...(The dirty secret of being rich is that you pay less for loans than normal people. It also means someone actually picks up the phone when you call the bank.)...
...Across corporate America, there are signs of scepticism over so-called Say on Climate votes asking shareholders to approve climate transition strategies, says Glass Lewis, a shareholder advisory firm....
...Assured Guaranty provides a niche type of insurance that pays out to lenders if a borrower defaults on its loans....
...The bank, founded in 2020, has granted more than £1bn in loans to SMEs....
...services....
...As always, reach out to Imani (imani.moise@ft.com) or me (sid.v@ft.com) with thoughts for other companies to cover, trends to follow or general tips....
...We are a software as a service business. We charge banks a transactional fee. Every loan that we analyse is a transactional charge....
...Revenues from services jumped 24 per cent to $19.5bn. This included its cut from App Store purchases, which came under fire again on Thursday....
...companies breaking a longstanding taboo against hostile offers, could allow SBI to eject Shinsei’s current board and force the bank into a series of closer operational alliances in areas such as unsecured loans...
...Chandra, who has close ties to the ruling Bharatiya Janata party, ran into financial trouble after diversifying into infrastructure, and in 2019 was forced to sell most of his Zee holding to repay bank loans...
...“I do not feel that I should have to pay $740 of service, late and collection fees that were charged . . . as a result of a mistake made by [Home Partners],” Evans told customer service representatives,...
...Linklaters has named Paul Lewis as the new firmwide managing partner, succeeding Gideon Moore. He was previously the head of Linklaters’ finance division and co-head of the innovation group....
...It even has a role in handing out UK taxpayer-backed Covid-19 loans....
...Glass Lewis sided with the challenger....
...The accounting change follows a recommendation by Japan’s Financial Services Agency in December to move to a “forward-looking” methodology when analysing loan books....
...It identified three areas where risks had built up in Japan: loans to middle-rank businesses with less capacity to service their debts; lending to develop rental property in areas exposed to Japan’s declining...
...The 2003 book by Michael Lewis — a favourite among financial journalists — tells Beane’s story as general manager of the baseball team Oakland Athletics....
...is a hedge fund billionaire and founder of Pershing Square (pictured below), the latter is a US baseball executive whose time as general manager of the Oakland Athletics was immortalised in the Michael Lewis...
...to partner SBI, he said, would benefit from its superior technology while becoming, in effect, conduits through which their customer bases could access SBI’s much larger range of financial products and services...
...Consumers are flocking to use online services and the renaissance of drug development has intensified....
...The Trump administration did relax the minimum-service rules this week, saying it would allow some airlines to drop routes as long as they were served by another carrier....
...There is also the chance that many are sitting on big losses from loans to zombie companies, or an overindulgence in property....
...(FT) Santander profit plunges on loan loss provisions (FT)...
International Edition