Hints and tips:
...But banks led by JPMorgan Chase lobbied hard to underwrite a financing over the past four months as a new deal moved closer to the finish line....
...JPMorgan Chase, for example, started with 75 people at its Indian back offices in 2002. It now has 50,000 employees across facilities in five cities....
...That’s what we missed: how the policy response to the regional banking crisis stabilised the banking system, which allowed a pretty sharp V-shaped recovery....
...It was noticeable that investors used the opportunity to chase higher interest rates, which meant net redemptions hit £1.5bn....
...The recovery in private sector business confidence might be slower than expected, Chaoping Zhu, strategist at JPMorgan Asset Management, said in a note....
...Signature Bank’s uninsured depositors similarly would have probably achieved significant recoveries. Both banks have good assets for the FDIC to sell....
...On Wednesday evening, Silvergate Capital, a publicly listed lender that once managed more than $16bn in assets announced plans to liquidate and wind down....
...Some 70-80 per cent of Laffont’s assets are sitting in cash — a huge amount for the typical hedge fund....
...Yet that’s exactly what former Jones Day partner Raymond McKeeve was found in contempt of court for on Wednesday....
...Jan Erik Saugestad, chief executive of Storebrand Asset Management, the Nordic fund house that oversees large chunks of pension assets, shared Mr Fawcett’s concerns, saying a U-shaped recovery was more likely...
...It follows close on the £279mn sale of Charles Stanley, established in 1792, to Raymond James Financial, a US investment bank....
...Net income at the second-biggest US bank by assets more than doubled in the first quarter, fuelled by a $1.9bn gain on the improving outlook for loan losses. Investment banking fees rose 62 per cent....
...According to three people familiar with the matter, Credit Suisse recently hired private investigators at Kroll to trace Gupta’s assets around the world....
...A new force rises within SoftBank’s ranks For the past several months, we’ve been telling you about the extraordinary recovery and resilience of Masayoshi Son’s SoftBank....
...He hasn’t announced a blank-cheque deal since January, when his Social Capital Hedosophia Holdings Corp V announced a tie-up with the digital lender SoFi....
...In Europe, private equity has seized on a slower recovery in the stock market....
...Oh, and did we mention that their latest bond is not secured on any assets whatsoever?...
...Job moves Former ExxonMobil chief Lee Raymond has resigned from the board of JPMorgan Chase following sustained pressure on the bank from climate activists and investors. More here....
...“This is austerity on steroids,” said Pavel Molchanov, an analyst at Raymond James....
...We revealed recently that Gorman beat JPMorgan Chase to the Eaton Vance deal....
...Mr Kaser said he favoured large banks such as Citigroup, JPMorgan Chase and BofA, which are buffered by income from investment banking and other sources....
...(Times of India, Vatican News) Join FT Climate Capital journalists on Wednesday for a discussion on how bankers and investors are financing a green global recovery....
...Ashish Gupta, head of Indian equity research at Credit Suisse, said India’s rising caseload ruled out a V-shaped rebound....
...How else to explain asset prices that currently assume a V-shaped recovery, even as we seem to be witnessing a second wave of infections in several US states?...
...“I can’t imagine a complete V-shaped recovery, and it will be more like going back and forth at the bottom of a U-shaped recovery,” Mr Kakiuchi said....
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