Hints and tips:
...“Banks have severely limited their exposure to this particular area of the credit market,” said Scott Kapnick, chief executive of HPS, referring to junior credit, which ranks below more secure forms of borrowing...
...RBC has revamped its European credit team, tapping Bank of America’s Georgio Gregoriou, Credit Suisse’s Marc Sánchez Roger and company insider Andrea Marcheggiano for senior roles....
...Its traders are fed information by a weather team that uses supercomputers to run forecasts and includes specialists in areas such as thunderstorm and tropical cyclone prediction....
...The challenges of creating the next Silicon Valley Chancellor Jeremy Hunt’s bold ambition to turn Britain into the Bay Area 2.0 (driven by tech innovation, rather than global warming) faces “storm clouds...
...Cleary Gottlieb hired tax partner Maureen Linch and intellectual property, technology transactions and privacy partner Marcela Robledo to its San Francisco Bay Area office....
...She says the experience taught her to investigate areas that others have dismissed....
...On Bill Ackman’s latest hedge: “I’m long equities and still short investment-grade credit....
...North Dakota, for example, has made a purposeful decision to put community banks and credit unions at the heart of its financial sector, sidestepping the four megabanks that now control 44 per cent of the...
...She joins the firm’s San Francisco Bay Area office from Simpson Thacher & Bartlett in Palo Alto....
...Polo Tang of UBS remains a seller: [V]isibility on the bigger picture issues remains limited....
...whopping €4.3bn antitrust penalty by the EU against Google for abusing its power in the mobile phone market was nearly double what it was charged last year for favouring search results from its shopping service...
...The “anti-steering” rules ban merchants from encouraging customers to use cheaper credit cards....
...Yet Ms Ohlhausen is overlooking a key point: free is not free when you consider that we are not paying for these services in dollars, but in data, including everything from our credit card numbers to shopping...
...But the key point is that consumers are hooked on cheap (or quasi “free”) tech services, as they were hooked on cheap mortgages a decade ago....
...Spotify, the music streaming service, plans to list existing private shares directly on NYSE as soon as the fourth quarter rather than doing a formal IPO....
...Liikanen remains a probable alternative and would also be a good leader for the ECB for many of the same reasons as V. de Galhau....
...Speaking at a talk to the San Francisco Bay Area Planning and Urban Research Association Mr Doctoroff said: “We actually want to build a new city....
...Christopher LaVigne, a partner at Shearman & Sterling, calls insider trading law “an amorphous area”....
...Mr Fishbein is recognised in this year’s report for his representation of Todd Newman in the landmark US v Newman case, which clarified the definition of insider trading....
...Goldman Sachs has estimated the emerging fintech industry could snatch more than $4.7tn in revenue and $470bn in profit from traditional financial services companies....
...Founded in 2009, Square was one of the first companies to launch credit card readers that small merchants could plug in to a smartphone or a tablet....
...There is also the rising threat of online lenders, which offer many of the same services for less....
...But on Monday, Apple responded by renaming its Passbook app for storing credit cards and tickets as Wallet....
...Venture capitalists followed suit, quadrupling their investments in the area since 2011, according to Rock Health, a healthcare technology seed fund....
...The Stockholm start-up arranged a $200m line of credit last March, fuelling industry speculation the company was moving closer to an initial public offering in the US....
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