Hints and tips:
...Arrival announced it would merge with Kensington Capital Acquisition Corp V, another blank cheque company. Arrival may survive to commercialise its delivery van....
...In today’s newsletter: Behind Rocket One Capital A €9.7bn offer for EDF Twitter vs Musk set for October The Rocket man involved in the Trump Spac Rocket One Capital was a relatively unknown investment...
...Sequoia’s new leader One of Silicon Valley’s oldest and most successful venture capital firms, Sequoia Capital, is changing its leadership....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com. You can build it, but will they come?...
...Tech tools — VanMoof V e-bike Dutch e-bike brand VanMoof today unveiled its entry into the high-speed bike category....
...But there is a growing acceptance that the investment industry too must play a role in the transition to a low-carbon economy, especially as demand for ESG investing soars....
...balances at the tipping point of mainstream acceptance or a speculative implosion”....
...He hasn’t announced a blank-cheque deal since January, when his Social Capital Hedosophia Holdings Corp V announced a tie-up with the digital lender SoFi....
...EToro, which has more than 20m registered users, will combine with Fintech Acquisition Corp V, the special purpose acquisition company set up by banking tycoon Betsy Cohen, in one of the largest Spac deals...
...Steve Cohen’s Point72 Asset Management put in $750m while Ken Griffin’s Citadel added another $2bn. Melvin appeared to reach acceptance quicker than the market by exiting the bet against GameStop....
...The Israeli company, which has more than 20m registered users, will combine with Fintech Acquisition Corp V, the special purpose acquisition company set up by banking tycoon Betsy Cohen, in one of the largest...
...Subsequently, in 2018, Tether lent Bitfinex $625m after the exchange suffered the loss of $850m that it held with a Panamanian payment processor called Crypto Capital Corp....
...Vladimir Putin said he would be vaccinated with the Sputnik V jab on Tuesday....
...“This is not going to be a V-shaped recovery, at best, this is going to be a U-shaped.”...
...The use of ESG in investment decisions has become more mainstream in Europe, with a growing acceptance that issues linked to climate change and poor corporate governance can affect the long-term financial...
...Bearish positions in the card issuer Discover and subprime auto lender Credit Acceptance have also risen. Bank stocks are “as out of favour as you get”, said Mike Mayo, analyst at Wells Fargo....
...Ashish Gupta, head of Indian equity research at Credit Suisse, said India’s rising caseload ruled out a V-shaped rebound....
...Management, an asset manager....
...He calculated that current bond spreads implied a default rate of 7.5 per cent over the next 12 months, making the asset class cheap, in his view....
...YPF claims account for $773m, or 38 per cent of Burford’s capital provision assets, and 53 per cent of the “capital provision income”....
...Pushing some numbers from the equity side of the balance sheet to the asset side, on the basis of a guess about the future?...
...Credit Acceptance Corp, one of the largest of the non-bank lenders, has six warehouse lines worth a total of $1.2bn, for example, according to its most recent annual report....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...“It’s pretty extraordinary that with this amount of distress you haven’t seen more failures in asset management companies.”...
...But asset managers, used to trading stocks and bonds, may find themselves in too deep. (WSJ) The biggest tax heist ever?...
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