Hints and tips:
...When pressed on the issue, asset managers in the US now emphasise that they are service providers....
...Productivity-hype bubbles are usually separated by at least 25 years and usually form at the end of a secular bull market, when aggregate profits are coming under pressure, say Garthwaite et al....
...At 4:16 pm ET, Passi responded to the BWIC with Morgan Stanley’s bid of $54.35 per share for 4.5 million MEDP shares, and at 4:18 pm ET Morgan Stanley’s bid was accepted....
...We followed up with a subsequent report about how its partners and managing directors aren’t feeling the love from Goldman chief David Solomon....
...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....
...With demand for capital outstripping supply, investors won’t need to take large risks, in our view, to generate compelling returns....
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...Still, the study by Subramanian et al should remind us why we care about globalisation....
...But investing in American sports wasn’t straightforward. When Arctos started in 2019, the big US sports leagues were cautious about allowing institutional capital into teams....
...One scoop to start: Goldman Sachs chief executive David Solomon has decided to stop DJing at high-profile events following criticism that his hobby created a distraction from his work leading the Wall Street...
...say Jonas et al. Yes it can! Look! And look! And look! That’s Tesla on an EV of 28.3 times 2025 ebitda, per Morgan Stanley forecasts, which is more expensive than Nvidia’s 25.3 times ebitda....
...David Solomon faced shareholders and admitted that his bold bet on consumer banking hasn’t paid off....
...Alan Gould, an analyst at Loop Capital, reckons News’ EV/ebitda valuation looks even cheaper once the real estate business is excluded; he raised his price target on the Starboard news....
...It won’t raise any fresh capital after Vietnam’s richest man and Vingroup’s owner Pham Nhat Vuong ploughed another $2.5bn into the business, a welcome boost given that it had $181mn of cash at the end of...
...And I look at the glaring absence of climate disclosures at Warren Buffett’s Berkshire Hathaway....
...D-Sol in distress Goldman Sachs boss David Solomon’s love of private planes and DJing isn’t the only thing irking his colleagues as profits, strategy, and bonuses veer off course, the Wall Street Journal...
...Here’s Citi’s Andrew Coombs et al. then: For the European banks, we see less risk of deposit flight and believe they have more liquid balance sheets....
...Investment bankers at the storied New York financial institution are also bracing for a reduction of 40 per cent or more in their annual bonuses. Solomon isn’t acting alone, though....
...The book succeeds at least as an example of this....
...The addition of the “+” countries (Russia, Kazakhstan, Mexico et al) to the cartel have increased its market share....
...In the US, at least, mom-and-pop investors and advisers build portfolios with the categories used by Morningstar et al....
...Lazard has hired Wassim Al-Khatib, the former head of Citigroup in Saudi Arabia, as chief executive of its advisory business in the Middle East and north Africa....
...But as Steven Kelly of the Yale Program on Financial Stability pointed out to me, Yellen et al will need the goodwill of the big banks should some other bank or banks get into trouble....
...Prosecute fraud, maybe regulate crypto exchanges like casinos, and keep the SEC et al out of it. This is a disagreement about how to cordon off crypto so that when crypto burns, it is controlled....
...But, the space race isn’t cheap and OneWeb’s cash needs are enormous....
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