Hints and tips:
...Cadwalader, Wickersham & Taft has hired ESG finance and investment partner Sukhvir Basran in the firm’s London office. She joins from Hogan Lovells....
...“I would have to close my eyes and throw a dart at a dartboard to guess what earnings will be this year,” said Terri Spath, chief investment officer of Sierra Investment Management also in Los Angeles....
...Cadwalader, Wickersham & Taft, the US law firm, has hired Stephen Fraidin as a partner. He was vice-chairman of Pershing Square Capital Management....
...Baker McKenzie has appointed Rose Zhu as M&A partner in China from Cadwalader, Wickersham & Taft....
...Foreign-domiciled companies have spent $315bn since January to buy US-domiciled targets, according to S&P Capital IQ, close to the record for the whole of 2007, the previous peak....
...The New York Stock Exchange Arca biotech index has risen by over 200 per cent since the start of 2011 to 4,131 points, easily outpacing the S&P 500, which has grown 64 per cent....
...The increase has coincided with a rich run for funds that passively track the stock market – the S&P 500 has risen almost 50 per cent in the past three years....
...Terri Dial, its highly rated head of retail banking, would leave....
...People instinctively want to spread their money around, but that’s self-centred thinking: we don’t diversify our stock portfolios because we want to be fair to every company in the S&P 500, but because doing...
...“House prices have not been impacted as they have in the US,” says Andrew South, an analyst at S&P. “That gives borrowers more refinancing options if they get into difficulties.”...
...By 11.44am in London, the stock had reached 546 ½p, up from Tuesday’s close of 509 ½p....
...The source of the speculation was unclear, although traders noted that Terri Dial, head of retail banking at Lloyds TSB, was recently recruited from Wells Fargo....
...The group’s shares fell 2 per cent to 479½p in morning trade on Friday....
...But as with other classes of ABS instruments, pools of credit card loans are diverse, according to Richard Schetman, a capital markets lawyer at Cadwalader, Wickersham & Taft....
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