Hints and tips:
...“The demise of Credit Suisse is just a recent reminder of the risks of relying solely on banks to secure access to such strategies....
...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....
...“I learned very early on that there is a lot of political risk associated with infrastructure projects,” he said. At Credit Suisse, Ogunlesi forged the connections that later helped GIP succeed....
...The former Credit Suisse chief executive plans to use his $345mn special purpose acquisition company, Freedom Acquisition Corp, to merge with Human Longevity Inc for an implied valuation of about $1bn, according...
...As Smithers put it, “a business only becomes unviable when the profits, after production costs of labour and bought in goods and services, have a lower value than its land, net trade credit and the scrap...
...After all, not only are both companies fierce competitors in the US wireless communications market, but they both carry investment-grade credit ratings (albeit the three major agencies rank Verizon’s debt...
...Collectively, all 50 US states allocated just $110.9mn to publicly-funded problem gambling services this year....
...It limits credit risk and is available on the exchange.”...
...But behind these mundane transactions, a battle is brewing over billions of dollars of fees associated with moving and collecting these payments....
...As a result of this leadership position, the majority of our funding comes from noninterest bearing deposits associated with clients in the digital currency industry....
...The scale of the challenge facing ministers is brought to life by the curious case of Sutton Place, a sprawling, Grade I-listed manor house built in Surrey for a courtier of Henry VIII....
...(FT) — The making of ‘bad gentry’ after the abolition of the civil service exam in China, 1902-1911 (The Journal of Economic History, v Phenomenal World) — Zach Carter with a post on the real student debt...
...And I can’t find anyone who thinks the Port of Los Angeles and associated trucking services have suddenly perked up....
...Gary Retelny Retelny has for more than a decade led one of the two least-appreciated power brokers of the investment industry, proxy adviser Institutional Shareholder Services....
...“But on the front end of a recession, that is to say as things start to get worse and deteriorate, assuming there’s a meaningful unemployment surge associated with that, then we would experience higher losses...
...So I have decided today to cut the deduction rate for the SME scheme to 86% and the credit rate to 10% but increase the rate of the separate R&D expenditure credit from 13% to 20%....
...It would never be obviously child porn, you know, inc come here and buy your images. So it was quite deceptive, I would say....
...We are a software as a service business. We charge banks a transactional fee. Every loan that we analyse is a transactional charge....
...Fintech fascination Apple wades deeper into financial services Silicon Valley giant Apple last week acquired UK-based alternative credit scoring start-up Credit Kudos in its latest push into consumer finance...
...“They talk about their millions of rewards owners and number of associated points and those are specifically valued assets,” Magnuson observes....
...How the small transactions typically associated with BNPL should affect credit scores remained an open question for the industry, he said, adding that some rivals did not report information to credit bureaus...
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com. You can build it, but will they come?...
...I never got any credit. I think that was one of the great names: unselects. They’re unselect; is supposed to be, you know, there’s a . . . The select committee of political you know . . ....
...Of the $145m, about $10m is being used to back Greensill’s skeleton staff of between 100 and 150 people, as well as associated costs for the insolvent company....
...There is a processing fee associated with it like a credit card, except just much cheaper. What was it like starting a company in the middle of a pandemic?...
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