Hints and tips:
...Botha provided initial backing to Miller’s effort to vote Moritz off the Klarna board, before reversing course....
...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....
...I can’t imagine anyone, especially people of this enormous wealth and legacy, want their business aired like that.”...
...Ganieva’s monthly bank statements showed a payment from “E Trust”, with no further identification of the sender....
...Melrose Industries’ co-founders — CEO Simon Peckham and executive vice-chair Christopher Miller — are leaving the UK turnaround specialist-turned aerospace group....
...Despite the discomfort of King George V — whose cousin the Tsar had been executed by the Bolsheviks — Labour formally recognised the Soviet Union....
...A deal was swiftly struck, but the banks would not lend the money for a dilapidated house, so the Millers, in an act of philanthropy, lent them the rest of the asking price themselves: “The house was falling...
...Banks, insurers and transit companies now know his name. This may be a significant disruption, but the wider network has been getting better at evasion....
...Lex wonders whether central banks are right to relent in their quest to quell inflationary pressures just in case more banks follow the collapse of Silicon Valley Bank....
...The BNPL boom, subprime credit and the legacy of 2008 With Christmas less than a week away, this final newsletter is looking at a legacy of the great financial crisis — the wariness among high street banks...
...Not only that, but “it has this long legacy”, says the V&A’s Stanfill. More than 100,000 full-price wrap dresses (from £289) were sold in each of the past two years....
...Ed Balls, who helped design the framework for Bank of England independence, says markets were already unsettled by Truss’s suggestion that the bank’s mandate should be reviewed, and by the sacking of the...
...Significantly, no lender has been officially appointed to lead the transaction, according to a bank involved....
...The pipeline of M&A deals is also fuelled by a more recent trend whereby traditional “legacy banks” hunt for bargains as they ramp up their innovation strategies....
...Here’s our Frankfurt correspondent Joe Miller....
...“All but sold out” was how chief executive Jeff Miller described the market....
...Instead of trying to take on longer-established producers in China and elsewhere and setting up “fabs” producing lagging-edge chips made using legacy technology, Miller argues, India might better use its...
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...I see a market dominated by American Express and the legacy banks. Most companies are yet to implement the next generation systems which we provide. There’s still so much business to capture....
...Our Frankfurt correspondent Joe Miller explains why the folks who operate the Dax are expanding in the first place....
...Unlike a “legacy” facility nearby that has roughly 140 staff on the factory floor, the new plant requires about 10....
...The sudden boom in orders last autumn, in the wake of a sharp, pandemic-induced drop, resembled “a very sharp V . . . in China it was a very, very sharp V,” Busch said....
...“There is no profit pool today,” one person told the FT’s Joe Miller. “If the market [remains] like this we will have no western company going into [wind energy]....
...Feel free to email Imani or me at sid.v@ft.com or imani.moise@ft.com. Have a great week!...
...As always, you can reach us at Imani.Moise@ft.com or Sid.V@ft.com. Thanks for reading....
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