Hints and tips:
Talks show largest US lender’s appetite for a payments network to support its credit card business
...Other private equity deals in the agency world included Silver Lake’s investment in Ari Emanuel’s William Morris in 2012 and EQT’s investment in United Talent Agency last year....
...After founding M Klein & Co, which employs 45 staff, Klein has continued acting as an adviser to chief executives, corporations and governments on big transactions....
...Additional reporting by Stephen Morris and George Hammond in San Francisco...
...Silver Lake first invested in Endeavor in 2012 when it was called William Morris Endeavor, a standalone talent agency run by Emanuel....
Scandals last year have cost UK bank hundreds of millions in fines and settlements
...Georg Schubiger, head of wealth management, and Christel Rendu de Lint, head of investments, will become co-CEO of the Swiss investment manager from January....
...When Emanuel co-founded the talent agency Endeavor in 1995, he worked out of a small office above a hamburger restaurant in South Beverly Hills....
.../ From James Morris, Malmesbury, Wiltshire, UK...
...In 2019, she moved to one of the biggest talent agencies in the world, the US-based William Morris Endeavor....
...The industry leader was created in 2009 when William Morris Agency combined with Endeavor, led by Ari Emanuel. The group went public last year and has a market capitalisation of about $10.5bn....
...Perella Weinberg has named Andrew Bednar, the boutique investment bank’s current co-president, as chief executive. He replaces co-founder Peter Weinberg, who will continue in his role as chair....
...It would be the first big merger of talent groups since the William Morris Agency combined with Endeavor in 2009....
...Buyout groups often include some of their larger backers such as pension funds and sovereign wealth funds as “co-investors” in deals....
Shareholder adviser Glass Lewis has criticised CEO’s potential €7.5m pay as not linked to performance
...Joseph Dickerson, an analyst at Jefferies, said “the updated 2022 strategy plan looks a bit dull” and investors were “searching for the narrative”....
...Anthony Morris, head of quantitative strategies at Nomura, argues the performance of many major factors is linked to movements in bond yields, and that the industry therefore has to evolve....
...Get the full story from the FT’s Stephen Morris, Arash Massoudi and James Fontanella-Khan. Welcome to the Due Diligence briefing from the Financial Times. Not a subscriber? Sign up here....
...“Regulatory uncertainty has once again reared its head,” said Joseph Dickerson, an analyst at Jefferies....
...Go deeper with the FT’s Owen Walker and Stephen Morris here. Teladoc bets big on Livongo Hindsight is a wonderful thing....
...The German government has a strong interest in keeping banks stable, precisely because of their role in distributing rescue funds, the FT’s Stephen Morris and Olaf Storbeck report....
...Banks appear to have passed the first test: a short but pronounced period of market mayhem and a co-ordinated drawdown of hundreds of billions of dollars of credit by corporations feeling the strain....
...For the Parisian lender, a merger with a continental rival would make a lot of sense, report the FT’s Stephen Morris and David Keohane....
...“They’ve been brokers instead of principals, and we think they have plenty of opportunities to be principals,” said TPG co-founder David Bonderman, according to an oral history of the agency published in...
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