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...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...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....
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...rule that could cap the amount of late fees credit cards can charge consumers....
...What unsettling news about credit quality is in store? The company has said that it has plenty of liquidity to more than make good on its uninsured deposits, leaving little room for a run on deposits....
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...“CVR Energy is a cash cow,” said Nick Moglia, a credit analyst with CreditSights....
...Moody’s cut the company’s credit rating over the weekend to junk status, days after the lender disclosed it had replaced its chief executive and identified “material weaknesses” in internal controls that...
...Royal Rumble When a sex trafficking lawsuit aimed at the WWE founder was filed after the company inked a $5bn deal with Netflix, executives went into damage control mode, the Hollywood Reporter writes....
...Delinquencies in credit card and commercial real estate loans were on the rise, the FDIC said, and were now at the highest level in almost a decade....
...company said....
...Further reading— Private debt is out of control (FTAV)— The private credit ‘golden moment’ (FTAV)...
...Deficits are “out of control and the real story is that there’s no mechanism for bringing them under control”, said Jim Cielinski, global head of fixed income at Janus Henderson....
...When the alternatives titans got intrigued by the idea of a tie-up, they proved unwilling to give BlackRock the majority control it wanted. Global Infrastructure Partners was different....
...“Twenty-five per cent is not so much I could control the company even if I went bonkers, but it’s enough that I have a strong influence.”...
...The FT profiles the Nigerian born dealmaker, who before becoming a top executive at Credit Suisse, clerked for Thurgood Marshall....
...Private credit co-heads James Reynolds and Kevin Sterling have also been named global head of direct lending and global head of investment-grade private credit and asset finance, respectively....
...Other financial services companies are also experimenting with AI tools both internally and for clients....
...Loewy, a suave French-born industrial designer who had a way of claiming credit where credit was not necessarily due. He did not design the Coke bottle, as the Loewy Foundation website still suggests....
...But as Beijing exerts greater control over the territory, things are becoming more complicated....
...Competitors, including Goldman Sachs and Credit Suisse, had taken the extraordinary step of complaining to prosecutors and regulators about Morgan Stanley’s block trade practices....
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...Moelis & Company has hired Jeremy Lane, Credit Suisse’s former head of metals and mining in Asia, as a managing director in Hong Kong....
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