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...The cost of membership at the group’s invitation-only Shell Bay club is $1.35mn. “There’s this access to luxury golf arms race that’s happened,” said one hedge fund investor who plays in the area....
...Wholesale areas (est. 60% of core Citi) are positioned for share gains with its ~5K multinational and ~12K corporate clients in 3 LOBs: Services (27%, mostly payments), Markets (25%), and Banking (8%)....
...The grey areas: How much will the streaming service cost? Who will subscribe to it?...
...Loewy, a suave French-born industrial designer who had a way of claiming credit where credit was not necessarily due. He did not design the Coke bottle, as the Loewy Foundation website still suggests....
...But the spy chief rarely takes credit for them, keeping Moscow and the rest of the world guessing about his directorate’s reach and abilities....
...Hours later, Russian missiles struck a high-rise residential building and the regional office of Ukraine’s domestic security service, the SBU, in the city of Dnipro....
...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....
...It has the same hum that imbued the postwar research labs of the San Francisco Bay Area. From the outside, the buildings are slate grey and discreet....
...The consequences for the Bay Area’s sky-high real estate values and its tax base will be significant. Globally, the movement of people away from hard-hit areas is likely to be on a far bigger scale....
...The Bay Area accounted for a quarter of all US venture capital deals in 2014, but that figure has declined to just over 20 per cent last year as the region loses ground to New York and Los Angeles, according...
...Recriminations have flown through the Bay Area as the start-up world grapples with an uncomfortable truth, DD’s George Hammond reports: by abandoning SVB, they had helped to create a gaping hole at the heart...
...Coda 141 Flinders Lane, Melbourne, Vic 3000 Good for: Inventive Asian fusion Not so good for: The acoustics are tough, especially at the square tables in the main dining area FYI: Australian-style service...
...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...
...Dear reader, The San Francisco Bay Area is uncharacteristically full of rooms to rent. Job cuts in the tech sector are driving people out of the city, leaving behind empty spaces in shared houses....
...In recent years, the fund has been one of the big sources of Blackstone’s growth in assets under management, alongside a private credit fund called BCRED....
...SVB is well known in the Bay Area for banking deposits of cash raised by tech start-ups, and lending to the venture capital and private equity firms that back them....
...—JG Cole BarashSmokejumpers, 2017 These photographs document the work of US Forest Service firefighters, who in some circumstances use parachutes to reach wildfires in remote areas of the country....
...And earlier this year, before the earthquake in Turkey, there had been some serious signs of economic crisis in areas held by the regime because the Iranians were no longer willing to deliver oil on credit...
...It worked from a windowless room deep inside Visa’s headquarters in the San Francisco Bay Area. Alex Barker Did you ever get in the room? Kevin Smith No, no....
...Wall Street doesn’t yearn to extend everyone a line of credit in the way Mark Zuckerberg wants everyone to have the “human right” of an internet connection....
...A similar debate is growing around the buy now, pay later sector — which offers interest-free, short-term credit....
...The launch of Apple Pay Later in the US last month marked another push into financial services by the Silicon Valley company — which already offers a credit card with Goldman Sachs and Mastercard....
...Alto may well carve out a niche in the Bay Area. But the future of city transport is still up for grabs. Elaine Moore is FT ’s deputy Lex editor...
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