Hints and tips:
...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....
...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....
...WPP will also reduce is planned capex from £400m to v£300m....
...The four new hires were announced by Nat Zilkha, the KKR head of alternative credit who will serve as Gibson’s chairman....
...• Matthew Roberts has joined Fulcrum, the £4.9bn UK asset management boutique, to oversee the creation of an alternatives group that will invest in real assets and credit....
...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....
...The active management of legacy fleet costs is a really big thing....
...In Madden v Midland Funding, a woman who did not pay her Bank of America credit card bill won her claim that a credit collection agency had no right to levy a 27 per cent interest rate on her debt, because...
...“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....
...Before we go on, a recap on Madden vs. Midland. In 2005, Saliha Madden of New York took out a credit card from Bank of America....
...Three smaller deals which priced in 2016 — Paragon Commercial, Midland State and Argentina’s Grupo Supervielle — are all up....
...credit score....
...Madden versus Midland, a case we have covered before, has had a chilling effect on online lending in New York, Vermont and Connecticut, with investors avoiding loans that exceed the usury limit in those...
...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....
...Saliha Madden did not pay her Bank of America credit card bill 10 years ago. As a result, today’s lofty valuations of marketplace lenders such as Lending Club are in doubt. Go figure....
...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....
...“The company’s risk management is adequate in our view”. Moody’s, a rival rating agency, said Noble’s results were consistent with a triple B credit rating....
...More details emerged this week of the breakthrough to save the plant after management and union negotiators took themselves off to a local hotel to thrash out the details....
...Tax credits are being phased out anyway as we introduce universal credit. What that means is that the tax credit taper rate and thresholds remain unchanged. The disregard will be £2,500....
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