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...While the market maker’s net trading revenue in the second quarter fell 29 per cent compared with a year ago, it still paid out dividends of $500mn to shareholders including Griffin....
...The significant financing suggests Nord Security is an outlier compared with other technology companies that have dropped in value over the past year amid a broader slowdown in venture capital markets....
...appeals court judges collectively mischaracterised your business practices and concluded that your customers were being overcharged, you would probably want to set the record straight with the judicial branch...
...UBS said the new arrangement with Apollo — which included the transfer of $8bn of senior secured financing facilities — would result in a $300mn net gain for the bank....
...Under antitrust head Jonathan Kanter, the DoJ is broadening the parameters used for bank merger assessments to include factors such as interest rates, fees and branch locations....
...The LCH list calculates which managers in the $4tn hedge fund industry are most successful based on the cumulative dollar profits they have made for investors, net of fees, since inception....
...Attorney-general Merrick Garland noted that Apple’s net income — which was $97bn in 2023 — “exceeds the GDP of more than 100 countries”, in large part because of the success of the iPhone....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...The other factor is that fund flows into direct lending have been stable and growing, especially from high-net-worth investors putting money into semi-liquid BDCs [business development companies]....
...The answer is sort of interesting (all data from S&P Capital IQ): Companies in the S&P 500 have an average price/earnings ratio of 23, based on earnings estimates for the next 12 months....
...Private equity dealmakers have cast a wide net across white-collar professional partnerships in recent years....
...In fact, by net assets it seems to be as large as the top 15. Here’s a telling Barclays chart from a great post Alex wrote last week on the ∾ cough ∾ curiously divergent marking of some BDC loans....
...Such private investments in public equity — or PIPE — deals are relatively common in the US, offering private equity houses a downside-protected route into a company’s share capital....
...Its selling point was offering branch availability to its customers, seven days a week....
...Microsoft similarly decided its servers would last for six years, not four, which increased its net income by $3bn last year....
...How much this increases and how AI growth affects the global race to net zero will depend on many factors.” Google declined to comment....
...Those may grab attention, but advertising on platforms such as Google are more efficient tools for asset managers trying to raise capital from investors, said Ben Johnson, head of client solutions for asset...
...Bezos remains Amazon’s largest shareholder, with a stake of about 9 per cent even after the recent sales, data from S&P Capital IQ indicates....
...“You cannot get back to the capital markets without fixing your default. So we believe the path back to the capital markets for Venezuela is a restructuring.”...
...another reminder of that overnight from Bloomberg News, which has gotten its mitts on some financials that the otherwise secretive Jane Street revealed as part of its borrowing programme: Jane Street Group LLC...
...Banks could be at risk too; lower rates would pinch net interest margins, already at record lows, without doing much to curb the pipeline of bad property loans....
...In September CVC Capital Partners paid €1bn for infrastructure fund manager DIF Capital Partners, which is of a similar size as Actis....
...Which, if it collects before the end of the year, would add about 0.0005 basis points to expected full-year 2023 net income. Ker-ching! Further reading: — How bonds ate the financial system....
...The EU “needs to provide long-term policy signals based on long-term plans for the net zero transition”, the report said....
...This phenomenon was most recently on display at the end of 2021, when numerous active mutual funds faced sizeable year-end capital gains distributions — sometimes more than 20 per cent of net asset value...
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