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...Last week Bit Brother disclosed it had received a delisting notice from Nasdaq due to the exchange’s concerns about the inclusion of warrants with cashless exercise provisions in two recent fundraisings....
...But its financial model, largely dependent on the tech platforms for traffic and referrals, was hit as larger groups such as Meta shifted away from news provision....
...NYCB shares plunged nearly 40 per cent last week after it surprised investors with a loss for the final three months of 2023 and higher provisions for future loan losses, especially for lending tied to real...
...It has said the losses are likely to burn through more than €20bn of provisions and capital in the coming years....
...Social media platforms have railed against provisions in the bill that would allow the UK regulator to force them to allow their encrypted messages to be monitored for harmful content, including child sexual...
...Public relations group Brunswick has turned to an outsider to fuel its international growth, hiring the chief of New York’s Lincoln Center for the Performing Arts as its next boss....
...“Whoever is facilitating that [margin provision] for them, that might be more difficult to do than if you have an investment bank that can manage a large derivatives book,” Rhind said....
...But a series of highly technical rulings in recent months have seemingly overturned long-standing legal provisions in both merger and stockholder agreements, leaving them open to challenges in the courts...
...The president of New York’s Lincoln Center for the Performing Arts has been named as CEO-designate of public relations firm Brunswick....
...The provision is meant to stop companies from transferring valuable assets away from existing lenders’ legal claims and into a subsidiary that can issue new debt (usually one that is “unrestricted”), the...
...April marks an important month for workers in the UK with a swath of new rights including carers’ leave and enhanced paternity provision. The Working It newsletter explains what’s coming....
...The world’s second-largest money manager said it planned to consider internal and external candidates to replace Buckley, a 33-year veteran, who led Vanguard’s efforts to expand overseas and in the provision...
...And many of those that did list dual-class shares eschewed Reddit’s particular model of long-term misalignment by limiting superior voting rights with automatic, time-based sunset provisions....
...York-based lender this week set off a fresh wave of selling in regional banking stocks after it swung to a surprise fourth-quarter loss, slashed its dividend and set aside hundreds of millions of dollars in provisions...
...Quarterly earnings were also hit by a $5bn increase in provisions for bad loans, a $4bn loss on banks’ securities portfolios, and higher costs as lenders cut staff and restructured their operations, the...
...First that the higher provisions for losses reflected not just a new regulatory classification but a loan portfolio headed south and, second that “management simply failed to anticipate how much added capital...
...Barnum said JPMorgan’s $2.8bn provision was primarily driven by loan growth at its credit card business — as banks make more loans they need to build provisions for a certain amount of losses — and “the...
...Joining BlackRock will immediately increase Ogunlesi’s public profile, something he has resisted while serving on the boards of Goldman Sachs, the Lincoln Center and two hospitals....
...The shares rose by 39 per cent after the change of control provisions were disclosed but have since given up some of those gains....
...Deutsche Bank, meanwhile, also lifted provisions for losses on loans linked to US commercial real estate to €123mn, from just €26mn a year before....
...The structure of the deal that created Warner Bros Discovery, which closed in April 2022, has a provision barring the company from doing another deal for two years. That period expires on April 8....
...About 80 per cent of the retailer’s outstanding bonds have change-of-control provisions, according to CreditSights. (That’s all of the bonds issued after 2005.)...
...sexual assault (FT) Hipgnosis seeks new auditor as it faces legal action (FT) Binance’s crypto dominance under threat after loss of founder Changpeng Zhao (FT) Virgin Money profits hit by rising bad loan provisions...
...For tech companies, the eased provisions are “a big monetising opportunity”, said Debanshu Mukherjee, co-founder of the Vidhi Centre for Legal Policy....
...In a hearing last Wednesday, Yellow’s lawyer from Kirkland & Ellis, Patrick Nash, said the trucking group had fought against the inclusion of the $500mn loan roll-up provision....
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