Hints and tips:
...The billionaire deputy prime minister of the UAE controls the club via Newton Investment Development LLC, a company registered in Abu Dhabi....
...General Atlantic has partly protected itself, at least in financial terms, having sold about half its stake in 2019 after SoftBank’s Vision Fund pumped in $1.5bn....
...The self-styled national magazine of Texas isn’t shy when it comes to salesmanship, as this cover from 2007 attests. If Goldman has a more aggressive pitch than that, DD would like to see it....
...Gottex managed $18bn at the end of 2007 but in its latest incarnation it refuses to disclose its assets....
...CDOs ended up being stuffed with sub-prime housing loans often at loan to values close to, or at time exceeding, 100%. CLOs expose you to a variety of large, well-established companies....
...In August 2008, the monthly instalments recorded by Bloomberg shot up from just over $1,200 to nearly $1,900. The Paces never made the payment....
...Mr Kushner bought the prestige site for $1.8bn in January 2007 — at the top of the market. Its business model collapsed soon afterwards....
...“They’ve ridden the wave in equity finance, prime brokerage, corporate lending.” From here, adds the banker, there is only one way to go....
...There are no sub-prime mortgages and there are very few mortgage-backed securities. There is no secondary securitisation, so no collateralised debt or loan obligations (CDOs and CLOs)....
...Many major markets were closed for public holidays but a 2.1 per cent decline for the Ibex 35 index in Madrid in the wake of disappsointing results for the People’s Party of prime minister Mariano Rajoy...
...Last month, Amazon launched music streaming as a part of its Prime subscription bundle....
...Blackstone, which had acquired Pinnacle for $2.2bn in equity and debt in 2007, will receive $1.1bn for its stake and $1.1bn in Hillshire stock....
...Shares in Nomura were down 2.3 per cent on Friday afternoon at Y681, against a market down by 1.5 per cent....
...(Bloomberg) Barclays to pay NY trader $2.1m: “Barclays Capital has been ordered to pay $2.1 million to a New York-based trader it fired last year in connection with the alleged rigging of the London interbank...
...) £/$ 1.63 (1.63) €/£ 0.8321 (0.8335) DXY: Commodities ($) Brent Crude (ICE) up +0.09 at 111.40 Light Crude (Nymex) down -0.08 at 92.22 100 Oz Gold (Comex) up +1.40 at 1,239 Copper (Comex) up +0.02 at 3.22...
...A $1bn stake at today’s price represents less than 1 per cent of BofA, which has a market capitalisation of more than $150bn....
...Hulu was founded in 2007 by News Corp, Disney and Comcast, majority owner of NBCUniversal....
...The judge warned lawyers to avoid complex financial vocabulary in the case, which concerns the synthetic CDO Abacus 2007-AC1....
...Triaxx was backed by mortgage loans originated in 2006 and 2007 and insured by American International Group....
...“Under prime minister Shinzo Abe’s leadership, Japan can regain its position as one of the world’s most pre-eminent economic powerhouses and manufacturing engines,” Mr Loeb wrote....
...The same could be said of a large swath of Japan’s technology industry, where companies tend to keep past-their-prime product lines going by using profits from more sprightly ones, rather than shut them...
...Putnam served as the collateral manager for the CDOs named Pyxis ABS CDO 2006-1 and Pyxis ABC CDO 2007-1, which were named after the constellation Mariner’s Compass....
...Enrico Letta, the centre-left prime minister, announced a package of some 80 measures on Saturday night after a difficult cabinet meeting lasting nearly six hours....
...Last June, Mr Derregia told reporters in Milan that investments made in 2007 and 2008 had led to “surprising losses” of about $1.75bn, of which he said $900m was on a single investment with Goldman Sachs...
...It was up 1.01 per cent at $37.05. Related link: Oxymoron – TED (2007)...
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