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...After the deal closed, Otting was named chief executive of the bank, which was renamed OneWest and later sold to CIT....
...The lender, renamed OneWest Bank, was eventually sold to CIT Group, a lucrative deal for Mnuchin. Some of Mnuchin’s colleagues at Goldman and in Washington will play a big role in his bet on NYCB....
...The increase in deals has been partly spurred by an anticipation of rate cuts from central banks, which investors think could come as early as June....
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...Polish central bank chief Adam Glapiński told the FT he was seeking a truce with Prime Minister Donald Tusk after an increasingly bitter feud....
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...Naturally, he began his career at the family bank NM Rothschild. But he later fell out with his cousin Evelyn de Rothschild over the strategic direction of the bank, and struck out on his own in 1980....
...for the entertainment group are “superior”....
...associated with some marquee buyouts including Elliott Management’s takeover of technology business Citrix, Elon Musk’s purchase of social media company Twitter and Apollo’s acquisition of telecommunications group...
...ISS said the board had tried to justify the increase in Botín’s pay by pointing to the group’s strong results and shareholder returns, as well as the need to stay competitive with rivals....
...This came after Ma, once China’s richest person, made a speech in Shanghai accusing China’s state-owned banks of having a conservative “pawnshop” mentality that was stopping smaller companies and individuals...
...Still, though, the bank’s new credit rating, two notches below investment-grade, includes the likes of AT&T and Walgreens. It isn’t yet obvious this is a bank failure waiting to happen. Disagree?...
...Over the past few months ExxonMobil agreed to acquire shale group Pioneer Natural Resources for $60bn, Chevron reached a deal to buy Hess for $53bn and chip design toolmaker Synopsys announced the takeover...
...“The receptivity to bank M&A of size has not been high in this administration,” said Brian Graham, partner at financial services advisory firm Klaros Group....
...US merchant bank and investor The Raine Group led the funding round, said Castore on Thursday, backed by New York and Tel Aviv-headquartered Hanaco Ventures and venture capital firm Felix Capital....
...Credit Suisse took a majority stake in the securities venture in 2020 after China’s regulators introduced reforms enabling international banks to have full control of their mainland units....
...Below is a small representative group that, just on the numbers, caught my eye....
...Tesla and Nvidia offer more growth and even higher valuations (although when you scale Nvidia’s valuation to its near-term growth rate, using a PE/growth ratio, it surprisingly looks the cheapest of the group...
...On Monday the Barclay family paid Lloyds more than £1.1bn to clear their decades-long debts with the bank....
...Peter Schloss, managing director of CastleHill Partners, an Asia-based merchant bank focusing on media and sports, said “everybody” botched the tour and questioned how someone with Beckham’s experience of...
...Video game maker Tencent and Lululemon founder Chip Wilson were also part of the acquiring group....
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