Hints and tips:
Related Special Reports
...Last year, it closed its flagship Asia V buyout fund after raising $7.1bn, eclipsing its targets....
...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....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...credit executives....
...It’s coming out in early October in the UK (Allen Lane) and in January 2025 in the US (One Signal, Simon & Schuster). Your signed copy is (almost) in the post....
...The move into audiobooks is a direct challenge to Amazon, which dominates the category through its Audible service. Audible in the US costs $15 a month for one book credit....
...Competitors, including Goldman Sachs and Credit Suisse, had taken the extraordinary step of complaining to prosecutors and regulators about Morgan Stanley’s block trade practices....
...They aren’t risky; there was only $139mn of credit loss allowances against employee loans as of the last 10-K....
...Citi has named Reto Faber as head of securities services for Europe, the Middle East and Africa....
...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....
...To its credit, the show doesn’t sensationalise events further with speculative out-of-court scenes....
...Arrival’s deal with Kensington Capital Acquisition Corp V values the company at $524mn....
...It limits credit risk and is available on the exchange.”...
...As ever, drop me a note at sid.v@ft.com if you’ve got thoughts and ideas for upcoming Future of Money newsletters....
...Thank you all for your emails and thoughts, and as ever, you can reach out to me at sid.v@ft.com. Happy reading, a merry Christmas and a happy new year!...
...Pseudoname The guy is an operative of US intelligence services. The exchange is an asset of US intelligence services. With the NYT conference speaking confirmed it is abundantly clear....
...But it is a reminder that there has long been a demand for credit, even if it has not always been affordable. As always, drop your story ideas to me at sid.v@ft.com and have a great week....
...Karin’s decisive actions in dealing with the Credit Suisse banking crisis earlier this year rescued the Swiss economy. We all owe her a debt of gratitude....
...And one smart watch: There are more than 1,600 “banking deserts” in the US, with the lack of financial services hitting African-Americans the hardest....
...“What is true is that people have reservations about particularly cyclically sensitive credits and those in flux because of strategy.”...
...You can reach me at sid.v@ft.com. Happy reading!...
...(FT) — The making of ‘bad gentry’ after the abolition of the civil service exam in China, 1902-1911 (The Journal of Economic History, v Phenomenal World) — Zach Carter with a post on the real student debt...
...Rising interest rates are likely to boost the bottom line of high street lenders, with credit quality yet to deteriorate....
...As always you can reach me at sid.v@ft.com....
International Edition