Hints and tips:
...It was not until 1978, when it struck a deal to partner with US investment bank First Boston, that Credit Suisse truly entered the global stage....
...Job moves Kirkland & Ellis has hired Alex Amos as a partner in the investment funds group focused on credit funds. Amos previously worked at Macfarlanes....
...“If the deal is approved,” said Graham, “I think floodgates will open.”...
...If there is a mortgage on the London property and you are to assume responsibility for your brother’s part of the loan, then SDLT will also be due on your brother’s share of it....
...The acquisition was as lucrative as it was controversial....
...HSBC has hired Credit Suisse veteran Rajat Sabharwal to lead its equities business in India, Bloomberg reported....
...The acquisition is expected to help Mars move into the higher-value premium chocolate category and more experiential space....
...KKR, meanwhile, has lost control of German payments company Unzer to a group of creditors including Goldman Sachs, Swiss private equity firm Partners Group and European credit manager Alcentra....
...“I don’t see a massive rebound in exits next year,” says Pierre-Antoine de Selancy, managing partner at 17Capital....
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...China has made a record cut to a mortgage-linked loan rate as policymakers roll out more targeted support to the country’s ailing property sector....
...“I would guess that the correlation between DPI and NAV loans is inverse,” he said....
...Citi says it serves 700 law firms and 50,000 lawyers in the US and Britain, providing services that include favourable mortgage rates....
...“Over the years I have made a great deal of money with money. I like to have a war chest and doing that gave me more of a war chest,” he added, referring to the margin loan....
...In December, CSPI, a Hong Kong-based credit rating agency, assigned preliminary “A” ratings to a proposed loan backed by DROs....
...I’m very happy that we were able to find a partner who believes in it . . . Then we can develop it very strongly.”...
...At a rate of 14.6 per cent, Carlyle’s loan is a juicy yield play that comes as private capital firms push into corporate lending by making large loans to companies such as Carvana, Hertz and Albertsons....
...Now I know why they call this the political silly season.”...
...Just before US Labor Day last year, Bed Bath & Beyond was wired a $375mn lifeline from Sixth Street Partners....
...“If I had known who Jeffrey Epstein really was, there is absolutely no doubt that I wouldn’t be in the position I am in today,” Staley said in a statement....
...That makes acquisitions one of few remaining paths to growth....
...Suisse staff as it completes takeover (FT) Lex Greensill faces Swiss criminal case alongside ex-Credit Suisse bankers (FT) Elon Musk’s refusal to pay rent adds to Goldman Sachs bad property loans (FT)...
...In late 2020, the 42-year-old struck a deal with a special purpose acquisition company backed by private equity billionaire Alec Gores to take his mortgage business public at a $16bn valuation....
...It seems Palihapitiya, who made his name churning out special purpose acquisition companies like they were going out of style (and they did), was required to put up more collateral for the loan....
...Smart reads Couples therapy The Financial Times explains how UBS plans to strip back Credit Suisse’s investment bank in an effort to keep its rival’s past scandals at bay....
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