Hints and tips:
...Last week it took part in a $3.84bn debt sale tied to the buyout of software group Citrix, picking up the junior bonds at a deeply discounted price when lenders led by Goldman Sachs and Bank of America raced...
...This is about a very small subset of women who can go to a plaintiffs’ law firm and say, ‘Look, my target is a billionaire.’” V....
...We model a H2'20 cost of risk of 78bps (consensus 74bps). During periods of credit stress we have a preference for banks with relatively high capital buffers....
...The depth of credit losses hinges on the amount of risk that countries are willing to share with the banking sector....
...Only a handful of companies have liquidity issues by 2021,on our estimates –assuming credit cannot be rolled....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...(v) Restructuring continues. Of course it does. But what about that Tesla, eh?...
...Credit Suisse was the sole underwriter of the Social Capital flotation. Shares were allocated to a concentrated group of investors, including mutual funds, hedge funds and sovereign wealth funds....
...On Tuesday, the Japanese semiconductor-to-nuclear conglomerate blamed lower credit ratings and increased fundraising costs as a result of its accounting scandal for taking an impairment charge of ¥260bn...
...He added that Daniel Ek, Spotify’s chief executive and founder, “deserves a tremendous amount of credit for pushing the rock up the hill”....
...Let me give credit where credit is due. Many in the soft drinks industry recognise there’s a problem and have started to reformulate their products....
...…any of the events described in Section 4.7(a)(i) to (v) shall not be a Restructuring unless the Obligation in respect of any such events is a Multiple Holder Obligation....
...Conrad Voldstad: Critics of credit default swaps have got it wrong There has been so much criticism of credit default swaps (CDS) of late that you would think no one was using them any longer, notes Voldstad...
...halts Liverpool FC bid over debt concerns September 20 2010 The credit unit of Blackstone pulls out of talks with Liverpool’s owners to refinance the debt on the club....
...Dubai will hope it can welcome more bankers like V. Shankar....
...Buffett’s decision might have had a little something to do with this: (LA Times, 3/9/09): Credit-rating firms’ shares plunge on subprime-related court ruling Investors who believe that major credit-rating...
...With the almost certain return of growth in the previous quarter, it is not an “L” but not yet robust enough to be a “V”. The likelihood of a “W” also seems far-fetched....
...Instead, the money went into a string of unregistered vehicles with names like UBS Diversified Growth LLC and then on Ponzi-style payments to earlier investors, as well as the mansion, a Panamanian casino...
...America’s story makes a frightening read for banks on the other side of the Atlantic....
...It has also hired bankers to examine a sale or flotation this year of several other companies including 1st Credit, the debt collector; Pets at Home, the pet shop chain; and Tunstall, the healthcare communications...
...Bank of America will make about $600m and Citigroup $300m. The banks will cash in about half their stakes....
...Best regards, Andrew Lahde, CFA Portfolio Manager Lahde Capital Management, LLC...
...Virtually the whole US investment banking industry is on trial in the lawsuit, Credit Suisse First Boston v Billing....
...Paul Atkins, an SEC commissioner, urged the court to take the case Billing v Credit Suisse First Boston, saying that such lawsuits “could devastate America’s process of capital formation, wreak unprecedented...
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