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...A court has agreed that a Russian businessman can sue a Monaco private bank under US anti-mafia organised crime legislation from 1970 that has never been used against a bank in Europe....
...private equity fund, one of the largest buyout funds of all time....
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...Lex Greensill has sued the UK’s Department for Business and Trade over alleged misuse of private information, according to High Court records. Details of the claim have not yet been made public....
...The UK targets private equity’s bets on pets Over the past decade, private equity firms have spent billions of dollars buying up veterinary clinics on both sides of the Atlantic....
...Depositions of Kingswood executives helps answer one of the key mysteries of the case: why did the private equity firm broach the SSI debt question after closing, and not before?...
...Near the tip of the Gower Peninsula, four footpaths meet at a crossroads. A signpost provides distances for walkers in three directions: Rhossili 4 miles, Port Eynon 3¼ miles, Pilton Green ¾ mile....
...The Other Club, a private dining club founded by Winston Churchill that meets at the Savoy, has a rule that says: “The names of the executive committee shall be wrapped in impenetrable mystery.”...
...The ‘existential’ need for deals US banks are welcoming the return of dealmaking with open arms....
...The Bank of Japan is likely to hold off from raising interest rates next week but investors expect the central bank to outline its response to rising inflationary pressures caused by the yen’s decline....
...Corinthia was publicly launched by Weightman only seven months ago to take advantage of the booming private credit market, which has grown to $1.7tn as many banks retreated from business lending after the...
...Bank International is committed to reducing its operations in Russia, but the lender has recently posted advertisements indicating ambitions to hire Russia-based staff and grow its business there....
...The UK’s Coventry Building Society has agreed to buy the Co-operative Bank for £780mn in a deal that would eventually return the private equity-owned lender to mutual ownership....
...They cohabit on a peninsula separated from the rest of Europe by the Pyrenees and from the world by the sea....
...from the bank without paying for other services....
...It was like someone had taken my private obsessions and poured them on to a menu. Tarama and crisps, a rather sophisticated starter/snack, was the weak spot of the evening....
...Meanwhile, the Bank of England MPC consists of nine policy makers and a common staff....
...Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
...Instead of hedging the market value risk of bank asset declines, banks used accounting reclassification to diminish the impact of interest rate increases on book capital....
...Ben Bernanke was brutally honest about the failings of the Bank of England’s economic modelling when he published a long-awaited review of its forecasting processes on Friday....
...Put another way, banks have been able to claw back just over half of the $20bn that shifted in favour of private credit firms in 2023. So, have we reached peak private credit?...
...Sure, CLOs are kinda “bank loans to corporate borrowers”, but the reality is that this is overwhelmingly acquisition finance for private equity firms....
...Then, the buyer gets a business and the seller gets a check. Everyone’s happy. That’s not what happened when a private equity firm recently bought a California grocery store chain....
...In the wake of three of the largest bank failures in US history a year ago, the US Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency are all pushing...
...But on Tuesday, after eight years in the negative, the Bank of Japan governor Kazuo Ueda pulled it off in smooth style....
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