Hints and tips:
...A true crisis could develop if Binance et al have significant hidden exposure to declining prices, perhaps through DeFi investments....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...One mystery here is the identity of the investment consortia buyers, “Gemstone Investment Holding Ltd” and “Allied Cigar Corporation, S.L”....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...What happens further down the P&L is largely a question of capital structure, but it appears most will be either loss-making or make only marginal PBT....
...The biggest activist fight — Nelson Peltz v Procter & Gamble — was only recently settled, two months after a shareholder vote....
...Services is the only thing that offsets this, with finance and business services making up two-thirds of our services surplus....
...Kathrin Muehlbronner, sovereign risk group, Moody’s Investor’s Service Ltd There remains a high level of uncertainty over the policy platform the incoming US administration will adopt....
...Kathrin Muehlbronner, sovereign risk group, Moody’s Investor’s Service Ltd In our view, he will need to use the headroom, because we expect the economy to be weaker than the Office for Budget Responsibility...
...Sadly, one of its chosen losers appears to be the financial services industry — the largest employer in the UK....
...Kathrin Muehlbronner, sovereign risk group, Moody’s Investor’s Service Ltd Whatever the final Brexit deal, the UK will remain part of the EU next year and hence will have very limited leeway to control...
...Kathrin Muehlbronner, sovereign risk group, Moody’s Investor’s Service Ltd We believe that the Bank of England will probably stay put in 2017....
...Kathrin Muehlbronner, sovereign risk group, Moody’s Investor’s Service Ltd We do expect the UK economy to slow down significantly in 2017....
...Maybe we will discover that many managers were smart enough to sell out of Apple, Valeant, Williams et al before their shares tanked....
...Investors in the big trading banks are spending the week discovering that financial institutions are the Goldlilocks of the volatility world after the likes of JPMorgan, Goldman et al released some disappointing...
...That comes soon after Halliburton, the oil services group, paid $35bn for rival Baker Hughes and Spain’s Repsol bought Talisman Energy of Canada for $8.3bn....
...They were also considerably less robust, especially in the early stages of the recoveries, which tended to be shallow L-shaped affairs, rather than V-shaped....
...(Bloomberg) - How Goldman (et al)’s aluminium warehousing cost American consumers $5bn in three years. (New York Times) - The commodities supercycle is still ending....
...Now here he is on a blast from the past… It’s Allied Bank International v Banco Credito Agricola de Cartago et al....
...As argued in Buiter (2010) and Buiter et. al. (2011), the post World War II period has seen a combination of gradually eroding tax administration capacity, diminishing tax compliance in the private sector...
...The company gives, in addition to the main P&L, many details of exceptionals and calculations that are unusual. We give the whole P&L as Appendix 6....
...In 2007, when MBIA et al were still considered bullet-proof (at least as far the other rating agencies were concerned), founder Sean Egan projected massive losses for the monoline monoliths – rightly, as...
...As a former investment banker, Augar tells the story of the disaster in the financial markets. What really happened at Northern Rock, Royal Bank of Scotland et al? This gives you a clearer idea....
...The Court has stayed all but the first-filed ERISA class action case (entitled Alvidres v. Countrywide Financial Corp., et al.)....
...*Hedge Fund Activism, Corporate Governance, and Firm Performance (2006), Brav et al...
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