Hints and tips:
...KKR’s recent agreement to buy up to €40bn of consumer loans originated by PayPal is one among various efforts by the firm to break into “asset-based” finance — fixed-income products such as mortgages, car...
...Like Morgan Stanley separating from JPMorgan, First Boston became the distinct Wall Street unit of the First National Bank of Boston....
...Share your ideas with us at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...Meanwhile Baillie Gifford’s Scottish Mortgage Investment Trust — aka the thinking person’s ARKK — marked down its private investments by an average of 9.1 per cent in January alone, according to analysis...
...Morgan Stanley beat the rush to declare in November that 2022 would be “the year of the stockpicker”....
...He then worked at Morgan Stanley and earned business and law degrees from Stanford University....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...lower initial and perpetual licences and services (as per expectations)....
...With the slowest profit recovery in Business Services, we initiate at Underweight....
...pre-software intangibles write-down and FX) but the materially higher-than consensus impairments as well as the very cautious outlook commentary outweigh the positives on revenues and costs; 2) Revenues were 3.4%v...
...Boston Consulting Group and Morgan Stanley argue that insurers can improve profits even if they stick with intermediaries....
...JPMorgan is the lead banker and joint book-running managers are Citigroup, Goldman Sachs and Morgan Stanley....
...It handles about $550bn in daily trading volumes of government and corporate debt, swaps and mortgages, in competition with rivals including Bloomberg and MarketAxess....
...The takeover by Thoma Bravo is the latest in a series of transactions within the financial services industry over the past several months, and comes only a day after Morgan Stanley agreed to acquire employees...
...Jacob Nell, chief UK economist, head of European economics, at Morgan Stanley: No....
...Here’s Morgan Stanley’s summary: A mixed call from G4S sees little recovery in the shares....
...“The whole financial services world has gotten different,” he said....
...Morgan Stanley estimates that China’s overall debt-to-GDP ratio rose by only 4 percentage points in the first nine months of 2017, a “significant improvement” compared to the 42 percentage point increase...
...Blythe Masters, former JPMorgan banker A former JPMorgan veteran, Blythe Masters made her name as a pioneer of credit default swaps, the complex instruments which became infamous for helping fuel the mortgage...
...The other members of the consortium are Bank of America Merrill Lynch, BlackRock, Citadel, Citigroup, HSBC, Jefferies, JPMorgan, Maverick Capital, Morgan Stanley and Wells Fargo....
...Apollo already has products that retail investors can purchase, including listed closed-end credit funds, business development corporations and commercial and residential mortgage real estate investment...
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College Most unlikely....
...There is also the rising threat of online lenders, which offer many of the same services for less....
...Last year it became the first US-based P2P lender to offer home mortgages and also was the first to obtain a credit rating from a major rating agency for a securitised bundle of its student loans....
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