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...The firm recently merged its credit unit with its insurance business, with veteran Blackstone credit executive Dwight Scott becoming chair of the new division....
...The £1.3bn of so-called class B debt, which is still inside the ringfence but has a lower-ranking claim on the company’s cash flows, could be hit with even deeper 35-40 per cent impairments....
...The Francis Scott Key Bridge was opened to traffic in 1977 and so may not have been built with the size of modern container vessels in mind, experts said....
...Carmakers are preparing for months of lower sales as they reroute shipments away from Baltimore following the collapse of the Francis Scott Key Bridge, while insurers have warned of multibillion-dollar claims...
...Traders are marking a riskier £250mn “class B” bond at little over 60 pence in the pound....
...America’s transport crisis: The debacle at Boeing and the collapse of Baltimore’s Francis Scott Key bridge are connected, writes Rana Foroohar, in unexpected ways....
...That is in line with current market expectations given that a default at Kemble earlier this month sent the price of a second-ranking “Class B” bond plunging to little over half of its face value....
...The global insurance sector is expecting billions of dollars of claims after the Dali container ship struck the Francis Scott Key Bridge on Tuesday, including for repairing damage to the bridge and paying...
...News in-depth The collapse of the Francis Scott Key Bridge in Baltimore after a container ship collided with it has triggered urgent questions....
...As always, email me at scott.chipolina@ft.com....
...Take a break from the news Refik Anadol watched Ridley Scott’s 1982 neo-noir classic Blade Runner at a tender age....
...Take a break from the news The FT’s Scott Whitehead recounts his terrifying experience of being swept up in an avalanche while skiing in Switzerland — and how he survived....
...Two container ships could be seen anchored downstream of the crumpled Francis Scott Key Bridge on Wednesday, waiting to enter Baltimore or be redirected to other east coast ports....
...No mention of the B-word, then....
...Ukraine aid bill: Democrat Senate majority leader Chuck Schumer is expected to propose a “Plan B” after the $118bn bipartisan spending bill that tied support for Kyiv to a crackdown on immigration at the...
...The state-run oil producer said the energy ministry had ordered the move which would have increased its daily output from 12mn barrels a day to 13mn b/d by 2027....
...United Airlines’ boss Scott Kirby said yesterday he was rethinking a multibillion-dollar order for new Boeing planes....
...At one point Greensill said Cameron was “on our board” in a text message intended for Scott Morrison, the then Australian prime minister....
...Another breach of an explicit financial rule, namely the ban on MPs’ lobbying that dates back to 1695, undid MPs Scott Benton and Owen Paterson....
...Long before that, medical papyri show that the ancient Egyptians were working on an elixir of eternal youth (mummification was merely Plan B)....
...“A market correction was needed,” said SiriusPoint’s chief executive Scott Egan. He forecast that there would be “no drop in rates” in January. “Reinsurers are prepared . . . to stand their ground.”...
...When their idol took the stage, the screams that greeted her would do justice to the word hysteria, yet what followed was not an evening of Taylor Swift pop or Ariana Grande R&B, but a set of bossa novas...
...Additional reporting by David Sheppard, Michael Peel and Ian Smith in London...
...Benjamin stayed on EWI for a cover of rapper Travis Scott’s “Antidote”, a rare foray into contemporary climes featuring dense organ voicings and sparse, atmospheric drums....
...Eyman is a veteran film critic whose previous biographical subjects include Mary Pickford, John Ford and Cecil B DeMille....
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