Hints and tips:
...Mubadala has other investments in the US, which include a stake in US private equity firm Silver Lake thanks to close relations between its co-chief executive Egon Durban and Mubarak....
...Mubadala has invested in or alongside a number of big Silicon Valley firms, including private equity group Silver Lake and Sequoia Capital....
...That left institutional investors in Silver Lake’s funds, such as large pension funds in California, Washington state and New York, sitting on an investment that had grown by billions in value over the past...
...Its bonds, guaranteed by the State of Louisiana and backed by mortgages on sugar plantations that included lists of the enslaved as assets, remained subject to negotiations with Dutch investors into the...
...In today’s newsletter: DD chats with Silver Lake’s Egon Durban Private credit pounces on loan deals Silver Lake prepares for big ‘all-in’ bets US private equity group Silver Lake is up to big things....
...The state is also intervening to prop up the stock market, which has fallen more than 20 per cent in the past year, such as with restrictions on short selling, tighter capital controls and mobilising state-owned...
...From an exhibit attached to an S-1 it filed last year: PishPosh Baby LLC (“Borrowed’) promises to pay Moishe Hartstein (“Noteholder”) in lawful money of the United States of America, the amount of $1,000,000.00...
...Bottomless bailouts Each banking crisis further proves that the hypothetically private sector is dependent on the state, the FT’s Martin Wolf argues. Change would require a sweeping cultural reset....
...The insurance units are required by state regulators to invest the vast majority of their holdings in investment-grade rated debt, to safeguard policyholders....
...However, standards would deteriorate for households with mortgages and those on benefits as mortgage rates remain high and state support for living costs will be cut....
...The impact of rising rates was also highlighted in new data yesterday showing mortgage arrears at a seven-year high....
...believed the $1bn settlement, if approved by the court, “would represent one of the largest, if not the largest, cash recoveries for stockholders in the history of the Court of Chancery” of Delaware, the US state...
...It softens and diffuses sunlight, so that a view of the city from a Silver Lake terrace or a Koreatown rooftop is more Impressionist painting than photograph....
...High returns meant high risk and First Boston suffered significant paper losses on bridge loans extended to such companies such as Ohio Mattress, Campeau and Long John Silver’s....
...The truth is that this happy looking state of affairs cannot possibly last....
...However, it comes with a silver lining — choice....
...Need to know: UK and Europe economy UK house prices fell 2.6 per cent in June according to mortgage provider Halifax, the fastest annual drop since 2011....
...Wall Street banks have found a silver lining in this year’s market rout: making money by helping wealthy clients sell some investments at a loss to lighten their tax bills....
...Silver Lake declined to comment. Durban has been on Twitter’s board since March 2020, when Silver Lake invested $1bn in the company to help fund a $2bn share repurchase programme....
...“[We] invested some money in China because we could get more value in terms of the strength of the enterprise on the price of security than we could get in the United States,” he said....
...Silver Lake has a stake in City Football Group, which owns Manchester City and a stake in the French Ligue 1 club ES Troyes....
...When it came to the brewing US subprime mortgage crisis, Crastes thought doomsayers were getting ahead of themselves....
...The fund invests in US agency mortgage-backed securities and collateralised mortgage obligations, which aren’t especially liquid markets....
...The political catastrophe of the Liz Truss moment was that it allows the opposition to blame the state of the economy on the Conservatives directly, mortgages and such like. Some of that's not fair....
...JPMorgan is now the largest bank in the US by assets, deposits and market capitalisation, with Chase bank branches in 48 states....
International Edition