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...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...
...Last year, it acquired a footprint in credit investments by purchasing Iron Park....
...BlackRock wanted to buy a majority stake in a top private equity manager, while Warburg Pincus, which manages $84bn, did not want to cede control....
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...UBS put the business up for sale after taking control of Credit Suisse when it collapsed last year. It already has a securities unit in mainland China and cannot hold two licences....
...UBS put the unit, which includes investment banking and brokerage services, up for sale after taking control of Credit Suisse when it collapsed last year....
...If you look at Howard Marks’s investment philosophy for Oaktree, the first item for us is the primacy of risk control....
...Capital One’s $35.3bn proposed takeover of Discover Financial Services would fuse two leading credit card lenders and give it control of a network that connects consumers, merchants and banks....
...Instead, the company needs to somehow demonstrate that its entire “operational culture” (leadership, management structure, quality control processes) has been overhauled, root and branch....
...But for those in Miami for JPMorgan Chase’s annual credit conference this week, nothing was more enticing than a panel discussion on liability management exercises....
...Speaking at an event at Stanford University, he claimed credit for recognising years ago how significant AI would be for all of Google’s products....
...Argus subsequently grew by acquiring other companies and counts Platts, part of credit rating company S&P, among its competitors....
...Many of the world’s largest hedge funds, which today control about $4tn in assets, are grappling with what life looks like after their founders move on....
...The Tory donor and philanthropist will step back from his firm as the Canadian money manager bulks up in private credit....
...About 20 senior Credit Suisse dealmakers in Europe are switching to UBS following its government-orchestrated takeover of its Swiss rival, per Financial News....
...Vuong controls 99 per cent of outstanding shares, mostly via parent company Vingroup....
...Leave your credit card in your wallet, don’t go near an ATM, and come armed with US dollars in cash that you can change into pesos on the ground. Not just any dollars, crisp $100 dollar bills....
...In Englander’s absence control would pass to the trustee advisory board, which would appoint new leadership, according to people familiar with the situation....
...I think those firms that have gotten a lot bigger in credit and mezzanine credit could live to regret that.”...
...Though unlikely to seek control of the group, Křetínský may support other offers and end up with a minority stake, the people with knowledge of the process said....
...Insurance head Gilles Dellaert will lead the combined unit while credit boss Dwight Scott will become chair....
...“We won’t be doing follow-on small things without active engagement at a minimum, or control as a maximum,” he added. “We’re not signalling, we are actually just doing.”...
...Loewy, a suave French-born industrial designer who had a way of claiming credit where credit was not necessarily due. He did not design the Coke bottle, as the Loewy Foundation website still suggests....
...Apollo had made its name as a legendary distressed-for-control investor unafraid to play rough with adversaries to make a fortune. But last week’s deal was hardly the work of a predator....
...He will want to make sure that “whatever money is running through them is going to be under Millennium risk controls,” said one person who worked alongside him for several years....
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