Hints and tips:
Related Special Reports
...Chicago-based Grant Thornton is the seventh largest accounting firm in the US after the Big Four, RSM and BDO, with $2.4bn in revenue in its past financial year, which ran to July 2023....
...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...“I think we have the ability to get there,” Lempel told the Financial Times. “Demand for the [PS5] going into this year was huge . . . Momentum is strong now and it’s continuing.”...
...H&F has invested in business services companies such as advertising agencies, advisory firms and insurance brokerages for decades....
...The deal was one of several recent examples of private equity firms investing in the professional services industry....
...The Financial Times last week asked Apollo about its billing practices after the appeals court ruling....
...A wave of domestic buying by China’s “national team” of large, state-affiliated institutions helped propel overall net inflows to emerging market equity exchange trade funds to record levels in January....
...TPG has invested in partnerships such as talent agency Creative Artists Agency and registered investment adviser LPL Financial in recent years, and last year it made an unsuccessful pitch to buy into in...
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...On Monday, the Virginia-based bank said it had agreed to acquire Discover Financial Services for $35bn, to be paid all in stock....
...The Spanish lender hired Morgan Stanley M&A banker David Luwisch, former Jefferies industrials banker David Bradley and former Bank of America financial sponsors banker Andrew Greenwald....
...The cuts would be equivalent to 5 per cent of the firm’s financial advisory division....
...US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, in an all-stock tie-up that is set to unite two of America’s largest credit card companies....
A ripple; not a wave
...Cannae is the vehicle of Bill Foley, the multi-billionaire who made his fortune in a series of financial technology and financial services companies....
...The Financial Times reported in October that Schonfeld was in partnership talks with Millennium that would have seen Englander’s hedge fund put billions of dollars to work with its smaller rival....
...It is traditional and sensible to exclude the financial sector when valuing the market, because financials generally and banks in particular cannot be sensibly valued on earnings....
...They send it to us because we provide a service, we provide better prices, right? The marketplace has created this unbelievable ecosystem, and it will continue to do it in asset classes around....
...An OCC spokesperson said the agency had “not received a filing from Capital One regarding Discover Financial Services”....
Best-performing managers’ punchy bets on stock markets paid off in 2023
...Greater user choice may sound fine in theory, they argue, but it will challenge fundamental aspects of how services work....
...In ISS’s report on the bank’s AGM, sent to shareholders on Friday and seen by the Financial Times, the proxy adviser recommends investors vote against the company’s new remuneration plan over concerns about...
Search group now accepts advertising for crypto funds but still bans marketing of initial coin offerings
...At best, it generates “proto-picks”: companies with promising sets of financial characteristics that, with further work, might turn into stock picks....
...The FT’s Harriet Agnew and Ortenca Aliaj examine what a downturn could mean for investors and the broader financial sector. Plus, do you have a question about markets, finance or economics?...
International Edition