Hints and tips:
...In September, Discover agreed to improve its consumer compliance management system under a consent order from the FDIC....
...Moody’s said NYCB faced numerous “financial, management and risk management” issues....
...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....
...Goldman Sachs and Morgan Stanley, whose businesses skew more towards investment banking and money management, report earnings on Tuesday....
...Goldman Sachs and Morgan Stanley, whose businesses skew more towards investment banking, trading and asset management, report results on October 17 and 18, respectively....
...The acquisition of Boston-based Putnam will add another $136bn in assets under management, 30 per cent of which are in retirement plans....
...people familiar with the matter told DD’s Antoine Gara and the FT’s Josh Franklin....
...New York-based RedBird, which was founded in 2014, acquired AC Milan from Elliott Management for $1.2bn last year....
...manager at credit hedge fund Beach Point....
...Fitch and S&P Global slashed First Republic’s credit rating on Wednesday....
...Despite the numbers, JPMorgan Chase chief financial officer Jeremy Barnum told the Credit Suisse conference that the bank’s management expects “inflation will tend to come under control”....
...Odey Asset Management is currently winding down....
...Its poor risk management was compounded by a concentrated client base dominated by venture capital and tech start-ups....
...Goldman Sachs and Morgan Stanley, which are more reliant on investment banking, trading and asset management, follow with results on January 17....
...Even president Franklin Roosevelt (a surprising opponent) described deposit insurance as “dangerous,” for in time it “would lead to laxity in bank management and carelessness on the part of both banker and...
...The declines will sharpen the focus on banks’ management of expenses and headcounts....
...Additional reporting by Joshua Franklin and Stephen Gandel in New York...
...Franklin Templeton has agreed to buy Alcentra, one of Europe’s largest credit managers, from BNY Mellon as it quickens its push into one of the hottest areas of the asset management industry....
...Additional reporting by Sujeet Indap and Joshua Franklin...
...In today’s newsletter: Credit Suisse’s wealth management woes John Mack is Back Orpea’s debt crisis Credit Suisse’s risky business Credit Suisse has made quite a few rolls of the dice lately in a hasty...
...The bank previously advised Twitter in its battle with the activist investor Elliott Management in 2020, and again worked for the social media company as Musk began building his stake....
...News round-up Kanye West to buy ‘free speech’ app Parler (FT) Rupert Murdoch proposes merging Fox and News Corp (FT + Lex) Credit Suisse reaches $495mn mortgage settlement with US prosecutors (FT) Bain...
...kadhim@ft.com / sid.v@ft.com...
...She joins from Cravath, Swaine & Moore....
...It says it had helped fund the development of the Sputnik V Covid-19 vaccine....
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