Hints and tips:
...OK, so there was a liquidity problem with SVB and something about mortgage-backed-securities, and fundamental timing mismatches of liabilities....
...Klarman spent much of his letter critiquing the Fed’s response to the financial crisis, when the central bank cut interest rates close to zero and began hoovering up Treasuries and mortgage-backed securities...
...Since 1978, the two firms had shared a joint venture in Europe known as Financiere Credit Suisse-First Boston....
...It has recently gained notoriety for something else: a fast-paced style of investing that has unsettled the clubby ranks of Silicon Valley venture capitalists....
...Meanwhile Baillie Gifford’s Scottish Mortgage Investment Trust — aka the thinking person’s ARKK — marked down its private investments by an average of 9.1 per cent in January alone, according to analysis...
...Orrick has named Pete Sugden as a partner focused on venture capital, M&A and private equity, based in London. He joins from Reynolds Porter Chamberlain....
...“We have the talent, the business angels, the seed funds, venture funds and now the late-stage investors....
...Author Sebastian Mallaby explores venture capital’s new race for Europe. The continent has been slow to develop tech unicorns, but can Silicon Valley’s creativity and cash spark a winning streak?...
...Other recent US joint ventures include a Goldman Sachs partnership with ICBC, the state-owned bank, which was unveiled in May....
...The business is also run as a joint venture between S&P Global and CME Group, the US derivatives exchange, although S&P Global owns a 73 per cent stake....
...Norwest Venture Partners has hired Dave Zilberman as a general partner. He joins from Comcast Ventures, where he worked as a senior managing director....
...He was also general counsel at Revolution LLC, the venture capital firm founded by Steve Case, former CEO of AOL. Over the years, he has gained a reputation for his approachability....
...No sooner had their life insurance venture, Athene Holding, got off the ground than Mr Belardi began confronting questions from New York regulators about whether he and his team were taking too much risk...
...It is impressive that Mr Dorsey built not just Twitter, but payments venture Square. But he should not be trying to run both businesses....
...The company recently raised $300m at a valuation of $3bn, in a funding round led by New York venture capital firm Thrive Capital....
...GE said in a statement: “This settlement contains no admission of any allegations and concludes the FIRREA investigation of WMC Mortgage Corporation, LLC....
...NewRiver said its 50:50 venture with Pimco’s BRAVO Strategies III LLC — an opportunistic private fund run by the $1.8tn-in-assets Newport Beach-based fund manager — would start by buying a portfolio of four...
...Had it progressed to a sale, it would have been the largest acquisition of a venture-backed company since the $22bn sale of WhatsApp to Facebook in 2014. SoFi and Schwab declined to comment....
...He had defaulted on the mortgage on his Neverland ranch in California, a country-style house with its own zoo, and no bank would help....
...Apparent tensions within Apollo about the size of the fees from Athene have come to light because of a bitter clash between the private equity group and Mr Siddiqui over his new insurance venture, Caldera...
...The bank also faces a potentially heavy fine in the US for mis-selling mortgage securities and a criminal investigation in the UK for its 2008 fundraising in Qatar....
...Mr Noto is “financially sophisticated, IPO-ready and has legitimacy in the tech community,” said Matt Harris, managing director of Bain Capital Ventures in New York....
...Private equity-backed Red Ventures has agreed to pay $14 per share in cash for Bankrate, which produces online content focused on financial advice and research, such as mortgage and savings calculators and...
...Mr Gates is alleged to have transferred $3m from offshore accounts to others that he himself controlled, paying his children’s tuition and his mortgage, according to the indictment....
...Due.Diligence@ft.com PE’s dirty secret Plenty of homeowners with big mortgages have to take out an overdraft to finance their monthly spending but few would claim to be better off after incurring these...
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