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....
...And while weekly data from the Fed has shown credit card borrowing by consumers is still growing, albeit at a slower pace, corporate borrowing has fallen in the past six months....
...(Pimco) — The PagerDuty CEO who quoted Martin Luther King in her mass sacking email is v v v sorry....
...Goldman Sachs, Bank of America, Credit Suisse, Elliott and Vista declined to comment....
...It limits credit risk and is available on the exchange.”...
...Plays directed by antiwar theatre directors still run but with their names excised from the credits....
...Credit Suisse’s top executives will share a SFr350mn ($380mn) bonus pool if they pull off a radical restructuring designed to restore the fortunes of the scandal-hit bank, said people familiar with the matter...
...On Tuesday, 19 companies including Walmart, McDonald’s, Nestlé and Union Pacific raised more than $35bn of debt, according to strategists at Bank of America....
...Longtime McDonald’s board member Sheila Penrose is retiring, several months after being targeted in an unsuccessful campaign....
...His hope is that instead of customers trading up from McDonald’s, they might trade down from restaurants....
...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....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...“If Russia is in credit default, corporates cannot do business, and Russian consumers can’t use [western] credit cards, then what is there left to service anyway?...
...(Bloomberg) Pigs and proxy battles Carl Icahn, the billionaire corporate raider, is waging a different kind of activist campaign against McDonald’s, threatening to fight for board representation at the...
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com. You can build it, but will they come?...
...Players of Fortnite, developed by Epic, were able to purchase an in-game currency known as “V-bucks” online, but these credits would not show up when playing on the iPhone....
...Carl Icahn launched a campaign at McDonald’s concerning the fast-food chain’s animal welfare policies....
...When one of his more recent bets, on ViacomCBS, turned sour, that set off a chain of events that left banks including Credit Suisse and Nomura with billions of dollars in losses....
...This year alone it has added almost $475bn in market capitalisation, equal to a Procter & Gamble, a JPMorgan — or two McDonald’s....
...It has had to raise more than $1bn from its existing investors and tap credit lines from banks to shore up its financial position....
...However, Vanguard voted for a diversity proposal at American Express, saying the credit card operator should disclose more about the board’s role in overseeing diversity programmes....
...Some, like McDonald’s and Chipotle, have been more able to do so....
...Bookrunners on the Monde Nissin IPO include UBS, Citigroup and Credit Suisse....
...After such strong reads from the first two releases (three if we count Russia’s Sputnik V), the disappointing AZN figures were perhaps bound to prompt downward pressure on the company’s shares....
...(Bloomberg) Pinching pennies Loan loss provision stockpiles are at their highest level since the financial crisis as banks brace for a barrage of credit defaults....
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