Hints and tips:
...I start with the notion that everything on a bank balance sheet is actually private credit....
...Processes involved in making lithium-ion batteries include producing electrodes, pasting the electrodes on to thin metal sheets, rolling them up, putting them in metal cans, filling the cans with liquid...
...Wall Street titans target their former universities For decades, Ivy League universities have courted the deep-pocketed financiers that once roamed their halls to feed their multibillion-dollar endowments...
...A sheet-metal sculpture, “Tête d’homme barbu” (1962), is the latest work in the exhibition, with other highlights including an unusually tender drawing of Dora Maar from 1937, bought from the sitter’s estate...
...My scene involved me interviewing a fictional titan of finance on stage. I do similar things in my day job at the FT....
...It is no secret that Vietnam is becoming increasingly important to the California-based tech titan as an alternative production base to China....
...Russia’s invasion of Ukraine briefly sent the price of the yellow metal above $2,000 an ounce in March — and near its record high....
...It also invested heavily in the production process to build moats around its manufacturing innovations, while rivals were just giving supplier spec sheets and saying: “build this.”...
...They are now looking to merge or sell stakes in these assets, which will allow them to keep a stake in the profitable business, while also moving debt off their balance sheet....
...Notably, Apollo and KKR have balance sheet-focused strategies similar to Brookfield. Utilising one’s balance sheet is a canny way to enhance returns....
...Blackstone has eschewed using its own balance sheet to acquire insurers outright. Two arch-rivals, KKR and Apollo, have taken the opposite approach....
...What’s more, the model makes sense, given the demographic and housing supply issues, low unemployment, strong household balance sheets and wage growth we are seeing....
...When the two hedge funds were liquidated in July 2007, Bear Stearns seized the collateral that secured its loans, sticking them on its once-pristine balance sheet....
...Well, the reason may be that White Oak isn’t a disinterested outsider and is trying to manage its existing exposure to Gupta’s metals group....
...Titan of finance was hardly written in Fink’s stars. He was born on November 2 1952, and grew up in Van Nuys, a nondescript neighbourhood in Los Angeles’ San Fernando Valley....
...A clash of the telecoms titans is likely to have driven prices higher....
...But that raises another question: what are the political ramifications for a Chinese company that decides to reduce investment, or lever up its balance sheet, in the current environment?...
...German financial regulator BaFin is also pushing a Greensill banking subsidiary to reduce its exposure to Gupta after probing the bank’s balance sheet and raising concerns around the level of risk connected...
...It’s not that the software titan is new to mergers and acquisitions....
...If one titan stumbles, it could trigger a wider sell-off. The economic downturn fuelled by Covid-19 this year has not stopped the advance of index trackers or exchange traded funds....
...“We’re very genuine about putting on the table a draft JV term sheet,” Mr Palmer told the Financial Times ahead of meetings with leading shareholders in London....
...Smart reads Precarious metals Mike Nowak’s precious metals trading desk was a diamond fixture in JPMorgan’s crown, until one of his former employees turned on him and told US authorities about systemic...
...DD readers will be familiar by now with the exploits of Sanjeev Gupta, the British businessman who out of nowhere built a $20bn energy-to-metals empire in just a few years by snapping up unwanted furnaces...
...If successful, the project could offer US carmakers and battery producers a secure supply of the metal, reducing reliance on the handful of large producers in Chile and Australia....
...He's now this titan of a tech company rather than just a boring banker....
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