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...He was elected leader of the main opposition group, the Democratic Party of Ivory Coast, in December....
...To get the merger approved, Capital One is making a case that there is little overlap between the two banks’ credit card businesses....
...One Beijing-based banker at CICC said pay cuts had been especially harsh on mid-level executives compared with new graduates, over whom the main brokerages compete, and more established and senior managers...
...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...Seattle-headquartered Microsoft is OpenAI’s main partner, having invested $13bn in the start-up, much of it in the form of credits for Microsoft’s cloud....
...The credit rating agency confirmed it has selected a new space near St Paul’s Cathedral, subject to completing the deal for the new premises....
...This release confirms his status. ★★★★☆ ‘Old Main Chapel’ is released by Blue Note...
...But it is department stores, rather than lenders, that may have most to lose as the credit cycle sours. The biggest of these — Macy’s, Nordstrom and Kohl’s — do not own their credit card portfolios....
...A post mortem by the Financial Stability Board found Swiss authorities would have been capable of shutting down Credit Suisse....
...Fitch has upgraded Turkey’s credit rating in a vote of confidence in a sweeping economic overhaul that kicked off after President Recep Tayyip Erdoğan’s re-election last year....
...decision announced Germany: March industrial production Results: Ahold Delhaize Q1, Airbnb Q1, Alliance Pharma FY, Alstom FY, Anheuser-Busch InBev Q1, Bertelsmann Q1, Boohoo FY, BMW Q1, Continental Q1, Fox Corp...
...Thiam, who stepped down as Credit Suisse chief executive in 2020 after a corporate espionage scandal, is running to become leader of one of the country’s main political parties, the centre-right Democratic...
...That’s because Preqin — the main data source for private credit funds — apparently undercounts business development companies and doesn’t account for leverage....
...The consortium pools credit risk data and publishes it as a resource for public use....
...Similarly, it’s relatively evenly split across our three main client channels. Pension funds and sovereign wealth funds are around 40 per cent of the business....
...Goldman has focused its growth efforts on asset management after abandoning a push into consumer lending and Main Street banking....
...The main pitch of private equity and private credit funds alike is not that their risk-adjusted returns are higher than those of public equity or fixed income....
...The grand Zurich hotel — which dates back to 1838 and sits proudly on Paradeplatz — came into UBS’s possession when it took over Credit Suisse....
...The merger would reduce the ranks of the top 10 US credit card companies, leaving fewer options for consumers....
...“Everyone is losing sight of the fact that this market is too big for just private credit or banks.” Additional reporting by Sun Yu...
...Citigroup said spending on retailers’ credit cards, such as Home Depot, fell in the first quarter, while spending on Citi’s own credit cards continued to rise....
...But if your net worth is negative, the big increase in the cost of your car or credit card loan is going to bite....
...Since the collapse of several large US regional lenders last March, Blackstone has been buying assets from banks and managing them on behalf of its credit and insurance clients....
...Instead, the 62-year-old Weightman is, in his own words, seeking to “redefine the private credit landscape”....
...Capital One and Discover are two of the biggest credit card lenders, behind JPMorgan Chase and Citigroup....
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