Hints and tips:
...The fallout is limited, criminal charges have been averted, and the financial penalty borders on the derisory. Ted Pick’s new reign can start with a cleaner slate....
...Effron and Pruzan also earn a management fee to run the firm....
...I suspect that SVB may have limited discussions to one bank in part to preserve maximum confidentiality....
...“We’re servicing a limited number of customers, and it’s a bespoke, hands-on service that we provide.”...
...This might be overreaction to a crisis that was allowed to spiral out of control by management dithering — though that perhaps underlines why investors’ perception of key person risk is limited to the C-suite...
...PIF said its asset base and limited financial leverage give it “considerable scope” to take on debt....
...However, this looks to be a weakness with limited scope, and which the group had addressed in 2020/21, before the IPO....
...Musk can syndicate the $33.5bn of his own funding however he likes....
...But markets aren’t exactly ripe for acquisitions, nor does its limited experience in pulling off big transactions make for a quick transition from adviser to advisee....
...It’s “pretty brutal out there” for anyone on the syndicate side, in the words of one banker....
...Credit Suisse, Bank of America and Goldman are figuring out how to syndicate debt for Elliott Management and Vista Equity’s $16.5bn buyout of Citrix, a financing JPMorgan skipped....
...Kontoleon was Credit Suisse’s global head of equity capital markets syndicate in New York. His departure has been a source of consternation for his peers....
...Like executives at HSBC, Fraser is drawn to the potential of wealth management....
...He was previously an investor at Coatue Management focused on crypto, gaming and fintech....
...Insurers listed on an unredacted 2020 certificate include familiar names, such as AIG, Chubb, and syndicates from the Lloyd’s of London specialist market....
...At banks, even “the most cynical syndicate manager” arranging bond sales would build a greenium into their pricing expectations, he added....
...Greensill confirmed the company name listed in the Credit Suisse fund’s audited annual accounts was not correct, telling FT Alphaville that “any references to Liberty Aluminium Holdco Limited are system...
...This brought together investment banking (Salomon Brothers, which Travelers had bought a year earlier and where Mr Corbat had his start), wealth management (Smith Barney) and insurance (Travelers)....
...Weakened by the criminal proceedings, the firm was acquired by insurance group Travelers....
...In terms of liquidity, we flag VTY, CRST, RDW and TW as the stocks with limited cushion....
...The decision to ease the one-child policy in 2013 has had only a limited impact and is unlikely to reverse the downward trend....
...The Waffle House is where travelers meet each other. It provides refuge for the tipsy, the joyful, the insomniacs....
...And that’s a problem when you are the leader of middle-sized European power with limited room for manoeuvre....
...And even in Asia we are quite limited.”...
...And NFIP had taken a first step this year to using the insurance sector’s vast capital pool when it bought a limited layer of reinsurance, now blown out by Harvey....
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