Hints and tips:
...News round-up Chinese shadow bank Zhongzhi faces $36bn shortfall after ‘management ran wild’ (FT) British tech tycoon Lawrence Jones guilty of rape and sexual assault (FT) Hipgnosis seeks new auditor...
...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....
...We’re still in the Covid shadow....
...Barclays is reportedly planning to establish a similar vehicle with AGL Credit Management....
...The usual story (strong cash flow, strong balance sheets, good management, risk/return etc)....
...At the end of last year, just over half of the Wharf’s tenants were financial institutions, including JPMorgan Chase, Morgan Stanley and Credit Suisse....
...The collapse of Silicon Valley Bank and Credit Suisse sent shockwaves through the banking sector and has stoked fears that credit will become less available and more expensive....
...Instead, he has blamed the fallen payments group’s fugitive second-in-command Jan Marsalek and former Dubai-based manager Oliver Bellenhaus for creating a “shadow structure”, hijacking payments processing...
...It limits credit risk and is available on the exchange.”...
...At the time, the campus included the Midlands Prison, a facility known for jailing abusive priests....
...Bank of America, Credit Suisse and Goldman Sachs declined to comment....
...UK, shadow defence secretary John Healey speaks on the Labour party’s vision for defence and security at an event in London UK, parliament’s Digital, Culture, Media and Sport Committee questions BBC chair...
...Moody’s Investor Service said the talc ruling was a “credit negative” for J&J but would not affect its triple A rating....
...Here is the company statement that went out on Friday: NEW YORK, November 18, 2022 — Sculptor Capital Management, Inc....
...It also warned it couldn’t evaluate “whether management’s assessment about the valuation of certain account balances is adequate”....
...(Lilah laughs) It’s like Act V, Macbeth, and nothing good happens in Act V of Macbeth....
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...BlackRock’s stockpickers are accustomed to toiling in the shadow of the group’s exchange traded fund business, which last year sucked in more than $1bn a day on average from investors....
...Shadow banks for shadow banks Until recently, one big paradox of the booming private equity industry was that dealmakers used copious amounts of leverage to buy large companies and earn big windfalls, even...
...The prospect of higher taxes on corporate profits, and perhaps also too on capital gains and dividends, casts a shadow over the outlook for future stock returns, he says. michael.mackenzie@ft.com...
...Credit markets also tallied losses, with a closely followed fund that buys junk bonds, known by its ticker HYG, declining 0.7 per cent....
...But changes to universal credit mean few will feel any better off....
.../ From Professor Costas Milas, Management School, University of Liverpool, Liverpool, UK...
...On the last Sunday of April 2019, a sleek Gulfstream V jet belonging to Occidental Petroleum touched down at Omaha airport....
...Xerox wants to give HP’s board its walking papers We’re all guilty of overusing the David v Goliath trope but in the case of Xerox and HP, it really does apply....
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