Hints and tips:
...News round-up Push to crack down on TikTok gains momentum in US Congress (FT) Liontrust hit with £4bn in outflows from UK funds (FT) UBS plans next round of lay-offs in Credit Suisse integration (Bloomberg...
...Job moves Calpers private equity head Yup Kim is leaving the US’s largest public pension fund to become chief investment officer of the Texas Municipal Retirement System....
...Less than a year after Credit Suisse finally succumbed following a decade of crises, Switzerland has a new scandal-hit lender....
...Dealmakers in Texas told DD that the top target for Conoco could be Devon Energy, which has a strong Permian presence and a market value of $27bn and fits its aspirations of going big....
...China’s Ant Group is bidding against Citadel Securities, the Miami-headquartered market maker founded by billionaire Ken Griffin, for Credit Suisse’s Chinese securities unit....
...Further reading:— Credit Suisse appeals to Swiss central bank for show of support (FT)— A Suisse twist (FTAV)— Now even its cornerstone investor is kicking Credit Suisse (FTAV)— Credit Suisse and the CDS...
...But recently, a federal judge in Texas overturned its regulatory approval, which in effect created a nationwide ban. That ban was put on hold temporarily....
...Shareholders also asked the bank to take a range of measures, from ending the financing of a liquefied natural gas project in Texas that has endangered a sacred indigenous burial ground to ceasing its legal...
...Job moves Law firm Kirkland & Ellis has cut associates in California and Texas....
...Smart reads Bankruptcy in Texas Houston has been a favoured city for cash-strapped companies and corporations with large legal liabilities to find shelter from creditors....
...At least eight very large US public pension funds, including Calstrs, Calpers and state funds in Wisconsin and Texas, are using borrowed cash or other leverage strategies....
...At Morgan Stanley, the investment bank brought on Greg Weinberger, a longtime adviser to Chevron who left Credit Suisse in 2019 along with several other star bankers....
...As a new FT film explains, the collapse of Silicon Valley Bank, Signature Bank and the last-minute rescue of First Republic by JPMorgan, as well as the crisis at Credit Suisse which led to its takeover by...
...The British are coming As he bids for England’s most storied football club, UK tycoon Jim Ratcliffe is considering charting his empire west, including the Texas oil patch, The Wall Street Journal reports...
...The US Supreme Court’s Clarence Thomas has disclosed that billionaire Harlan Crow paid for him to make three trips to New York and Texas last year....
...West Texas Intermediate shed 0.4 per cent to trade at $67.40 per barrel in the morning. On Monday, the US benchmark closed 1.4 per cent higher after swinging between gains and losses....
...UBS and Credit Suisse have combined their strategic insights groups following the Swiss lenders’ historic deal....
...Oil benchmarks Brent and West Texas Intermediate lost 2.9 per cent apiece on Friday....
...Nearly 70 per cent of leveraged loans in a Credit Suisse index appear to allow for a Serta-like financing transaction, according to credit analysis service Covenant Review....
...UBS yesterday reported that their state-sponsored takeover of scandal-ridden rival Credit Suisse has broken industry records with a $29bn gain....
...West Texas Intermediate, the US marker, fell below $70 a barrel to settle at $67.61....
...US equivalent West Texas Intermediate fell 0.3 per cent to $72.97 a barrel. Gold, considered a haven asset, fell 0.5 per cent $1,963 an ounce....
...Credit Suisse fallout: As Credit Suisse shares crashed, the price of its merchandise rose, with collectors rushing to grab pieces of fashion and financial history....
...That, in fact, ByteDance and TikTok are very separate entities, and that he stressed repeatedly: TikTok has invested in this new partnership with Oracle called Project Texas, which will sort of ensure that...
...Credit Suisse said “we look forward to engaging with the Texas Comptroller to resolve this matter . . . Credit Suisse is not boycotting the energy sector.”...
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