Hints and tips:
...CMB Monaco, which is owned by Italy’s Mediobanca, caters to the ultra-wealthy from its headquarters in Monte Carlo....
...As I reach the historic old harbour, dusty pink facades bathed in afternoon light, I clock the island prison of Château d’If in the distance, one of the cornerstones of Alexandre Dumas’s The Count of Monte...
...Instead, he spent hours doing Monte Carlo simulations in his head, trying to work out where the deal could fall apart and what might go wrong....
...Large lenders like Intesa Sanpaolo and UniCredit are set to be the biggest contributors, but local banks such as Banco BPM and state-owned Monte dei Paschi di Siena are expected to take the largest capital...
...Fruit giant Del Monte highlighted earlier this year that El Niño events in 2016, 2017 and 2019 caused droughts in Kenya and hurt the company’s pineapple farms there....
...Generating a more stable source of fee income by managing money for wealthy clients will be integral to closing the stock market valuation gap with rivals such as JPMorgan Chase and Morgan Stanley....
...Meanwhile, Goldman’s valuation gap relative to rivals, including Morgan Stanley, which earn more of their revenue from businesses considered to be more reliable such as wealth management, still looms large...
...Edward de Mallet Morgan, head of Knight Frank’s global super prime residential team, says the rising cost of living is adding to Monaco’s appeal....
...Even the electric Vespa that I take for a spin around Mayfair, with its digital instrument panel and smartphone connectivity, still pulls off the conjuring trick, transforming Mount Street into Strada del Monte...
...the story, and the ethos, of Salt Hotels, the tiny collection of inns founded in 2014 by hoteliers and partners David Bowd and Kevin O’Shea – former executives at André Balazs hotels and the Starwood and Morgans...
...He previously served in a similar role at Morgan Stanley....
...Agency monthly oil market report Richemont Q3 trading update UK, CPI and producer price index (PPI) figures US, new residential construction figures Results: Alcoa Q4, ASML Q4, Bank of America Q4, Morgan...
...The first Baron Rothschild and John Pierpont Morgan rocked up on their yachts....
...Cigna had plenty of expensive help on the deal including from Morgan Stanley, Cravath, Swaine & Moore and Cadwalader. But that January meeting proved to be a turning point....
...In Monte Carlo, Prestige Property Group is selling a four-bedroom apartment for €18.9m....
...Morgan Stanley led the bond sale, along with Italy’s UBI Banca. The bond does not carry a credit rating....
...Today its area extends over 402,392ha of northern Patagonia and protects a fifth of all the alerce trees – a relative of the redwood – in Chile, as well as puma, pudu (a kind of deer) and monito del monte...
...He and Kate Richdale, who joined GS from Morgan Stanley in 2013, will move from co-heads of Asia Pacific investment banking to Asia IB chairs....
...The bank, Italy’s third largest by assets, said none of the advisers on the deal – including lead advisers JP Morgan and Mediobanca – would receive any commission....
...JP Morgan and Mediobanca are advising on the deal. The shareholder meeting also voted Alessandro Falciai as chairman of Monte Paschi....
...A complex private sector €5bn recapitalisation plan led by JP Morgan collapsed on Wednesday after Italy’s third largest bank by assets failed to find an anchor investor, a crucial plank of the deal, said...
...Italy’s Treasury, which owns 4 per cent of Monte dei Paschi, and advisers JP Morgan and Mediobanca had targeted raising €1bn to €1.5bn from the swap, which closed on Friday, writes Rachel Sanderson....
...Veteran banker Corrado Passera has withdrawn his competing proposal for a €5bn recapitalisation of Italy’s Banca Monte dei Paschi di Siena, leaving a plan by JP Morgan the only rescue plan in the frame for...
...Monte Paschi and advisers JP Morgan and Mediobanca will meet as early as Monday morning to decide whether to pull a plan to go ahead with a E5bn recapitalisation, according to people informed of the plan...
...An initial plan led by JP Morgan presented in July, which has the backing of Italy’s Treasury, owner of a 4 per cent stake in the bank, sees Monte Paschi raising €5bn of additional capital and selling €27bn...
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