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...Demand for deals advisory work has been subdued across the Big Four, with a combination of higher interest rates and geopolitical tension resulting in a global slowdown in mergers and acquisitions....
...“If we can make a number of reforms to the way the sector is regulated, it can grow fast.”...
...In 2018, WMIH finally merged with a real business, Nationstar Mortgage, at an aggregate valuation of $3.8bn. WMIH, the shares of which initially traded at around $10, are now above $70....
...The company will now try to increase the pace of negotiations with its creditors, overseen by a recently appointed mediator in what is still a voluntary process, according to several people with knowledge...
...One takeover to start: Talent agency Endeavor Group is being taken private by Silver Lake at an equity value of $13bn after three years of lacklustre performance as a listed company....
...Under the Bank Merger Act and its own guidelines, the OCC must consider the impact of a proposed transaction on competition before approving a bank to bid....
...Last month, the company announced a plan to cut £150mn of costs by the end of next year, as Bird stepped up his efforts to restore the group’s fortunes....
...None of this will deter Better. The SoftBank-backed online mortgage lender is set to go public on Thursday. It will do so via a merger with a special purpose acquisition company....
...For instance, just one tech company’s recent gains added the equivalent of the market capitalization of the bottom 100 companies in the S&P 500, and the size of the crypto market doubled since last fall....
...a merger with Fidelity China with the option of a partial cash exit.”...
...A day after the post, which was picked up by mainstream press, including the FT, Richard Handler, the chief executive of Jefferies, offered all of the analysts and associates at his investment bank a free...
...The company’s business was hard-hit by interest rate increases and SoftBank wanted to wriggle out of the agreement it had signed to hand over $1.3bn, people familiar with the matter said, but had little...
...When I last wrote about NYCB, a month ago, I argued that its problems are largely company-specific and non-contagious. The bank, born of two mergers (one of them with Signature!)...
...I note that you paid all of the purchase price, and subject to your intentions at the time, you may therefore have a “resulting trust” claim over all of the beneficial ownership....
...The business is an effort to pair the sort of investigative journalism typically done by newsrooms with a long-short hedge fund....
...Smart reads Small but mighty Baylor University has traded its way to the top of the university endowment performance rankings, the WSJ reports....
...Cheered on by investors, the merger between Citi and Travellers-- it's a really seminal moment in US finance because it's the merger that triggers the repeal of Glass-Steagall Act, which a post US Depression...
...The average US mortgage holder is still paying 3.6 per cent, half the going rate on new mortgages. Many American consumers were still flush with stimulus cash at the start of this year....
...“They are attractive prime assets, so it will just come down to price,” one of the people familiar with the talks said of its mortgage book. Bargain hunting will probably ensue....
...Fitch also called attention to the £350mn of senior bonds that Metro must refinance by next October....
...A study by property portal Zoopla has estimated that UK house sales are set for their slowest year since 2012, driven by a year-on-year drop of 28 per cent in mortgage-backed sales....
...Meanwhile, activist investor Ackman, a 20-year client of the bank, invited Federer to a tennis match on the roof of his company, Pershing Square, before telling UBS staff that the takeover of Credit Suisse...
...mortgages....
...Rising insurance premiums were a kind of carbon price on consumers, he said, with higher costs resulting from “us living the way we’ve been living”....
...Net interest income has been the key driver of profits for banks on both sides of the Atlantic for at least a year, cushioning the blow for some lenders from the still weak volume of mergers and acquisitions...
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