Hints and tips:
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Related: Share price gains yesterday for Big Tech companies, led by Meta, helped the S&P 500 to its biggest daily rise since January 6. Read the full US market report. 2....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...AEL has been unique in that its chief executive, Anant Bhalla, has built a private equity model within a publicly traded life insurance company....
...“If you’re a banker at a traditional bank, your credit analysis is very quantitatively rigorous and there has to be clear analysis of how you get paid back,” says one former SVB banker....
...state’s Venture Bank, Florida’s Sun American Bank and Colorado’s United Western Bank off the Federal Deposit Insurance Corporation’s hands....
...Helping fund his American dream is former Qatari prime minister Sheikh Hamad Bin-Jassim Bin-Jaber Al Thani, who has purchased a further 25 per cent of his business in a deal that makes them 50/50 partners...
...Oil prices were hovering around $100 a barrel ahead of the meeting....
...“A lot of black and brown companies did not get a chance to get any of that.”...
...dominant story in American capital markets....
...The US president’s decision capped days of uncertainty about the August 31 deadline for the American military pullout from the country....
...In April, with used car prices plummeting, bondholders told the company it owed them more than $100m. Rather than pay, the company chose bankruptcy....
...What she needs is a series of external, positive economic shocks, let’s say the end of the war in Ukraine, or for some reason the gas price comes down or the American economy picks up more quickly than we...
...In June, South African energy company Anglo American mimicked Rusal’s spin-off with a float of its coal business Thungela Resources....
...And unlike traditional IPOs, where executives are forced to lay low for fear of getting on the wrong side of regulators, Spacs allow these companies to use what some bankers are calling “regulatory arbitrage...
...(FT) Recovery, brought to you by the letter V, or maybe W Mapping economic output to familiar shapes makes a good deal of sense....
...Further reading Florida Braces for a Storm of Homeowners Insurance Rate Hikes (Bloomberg) Food proves hard for ESG investors to digest (FT) Ocean Heatwaves Are Directly Linked to Climate Change (NY Times...
...Property prices had slumped more than 30 per cent from 2014 highs, and bankers and analysts were speculating whether the “build it and they will come” model had run its course....
...With tens of millions of people losing their jobs because of the pandemic, the FT’s Washington correspondent Kiran Stacey looks at the looming showdown on health insurance ahead of the November election....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...And, as lockdown measures are softened, the return of the likes of Gregg's, Starbucks et al to the UK FtG market will increase competition....
...Chetty et al. (2017) find that there is a 14 years life expectancy gap between top and bottom 1% males in the US, and that this gap has widened since 2001....
...There’s not much precedent to support the idea that Shina et al can walk away based on a MAC clause: WPP was forced against its will to buy Tempus in 2001, Guy Hands couldn’t scrap a bid for East Surrey...
...And we are seeing the Americas at large, including the US, but also Latin American countries, at a later stage of this recovery process....
...Only 11 per cent of Americans said they were less likely to buy from a company whose CEO has spoken up on gun issues — versus 45 per cent saying they were more likely....
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