Hints and tips:
...Since his Citigroup exit, Klein has maintained a relatively low profile, acting as an adviser to chief executives, corporations and governments on major transactions....
...Deasy joined Credit Suisse in 2016 from Deutsche Bank and worked as an adviser to corporations and private equity groups....
...Now, chief executive CS Venkatakrishnan is pinning his hopes on a strategic review to fix the British bank’s troubles. We’re also reading and listening to . . ....
...In securities filings this week, US oil company Chevron disclosed a potential hang-up for its pending $53bn all-stock acquisition of smaller rival, Hess Corporation....
...More specifically, a key issue hurting sentiment around America’s regional banks and the Silicon Valley Bank disaster is that no one currently knows for sure how far the Federal Deposit Insurance Corporation...
...CS Venkatakrishnan, chief executive of Barclays bank, asked how government and business could work together to mobilise private capital....
...On Wednesday, he cited a new project from CS Wind, a South Korean manufacturer, which in April broke ground to expand its wind tower plant in Pueblo, Colorado, already the largest in the world....
...But by the time he clarified that he was happy with CS’s turnround plan and didn’t think the lender would need extra money, it was too late. CS’s share price had gone into a tailspin....
...It remains to be seen how much breathing space this has bought for CS and what they will do with it....
...The Federal Deposit Insurance Corporation had to bail out the California lender. Cue the usual outrage....
...Even as CS bondholders mourn their losses, it isn’t exactly the best time to be a shareholder, either. UBS paid just $3.25bn for CS, a sliver of its original value....
...And so the Federal Deposit Insurance Corporation, the FDIC, had to step in....
...Smart reads CS vs SVB It’s easy to conflate the situations at Credit Suisse and Silicon Valley Bank. Alphaville explains why they’re different....
...CS is bracing for a shareholder backlash over the rescue. The head of Julius Baer, one of the country’s biggest banks, warned the country not to jeopardise its status as banker to the super-rich....
...It could also prove to be the hardest for the Federal Deposit Insurance Corporation to sell, several people who studied the loan book said....
...However, the First Boston Corporation had been based in Manhattan for decades....
...But some corporations are still raising prices even as their inflation-related costs have been covered, The New York Times reports....
...DeSantis, who is up for re-election this year and thought to be eyeing a White House run in 2024, has slammed Disney as a “woke” corporation....
...Like the corporations they represent, lawyers have been forced to embrace new technologies to survive....
...Funds overseen by Ares Management Corporation took a minority stake in Atlético Madrid last June....
...The arrangement, known as an umbrella partnership corporation (Up-C), has grown in popularity this decade....
...“Assuming a reasonable economic backdrop we think there could be more interest in lower quality triple Cs.”...
...Marquis runs through case studies to tout the virtues of the B Corp model but doesn’t really explain why there are still few publicly traded benefit corporations....
...At the same time, he divided staff into “A, B and C players”, ranked on a “vitality curve”, with the Cs in the bottom 10 per cent ruthlessly ditched....
...The company is planning to use a complex corporate structure known as an umbrella partnership corporation, or Up-C, for its listing....
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