Hints and tips:
...Job moves Swiss financial regulator Finma has appointed outgoing European Central Bank director Stefan Walter as its new chief executive....
...Their deaths, including Walter Scott, Thomas Murphy and David “Sandy” Gottesman, have forced Berkshire to bring in a number of new overseers....
...(Grace and Chloe, Rupert’s youngest daughters with his third wife Wendi Deng, won’t have a formal say over how the family trust is governed for at least 10 years.)...
...Its swift fall from grace has instead cast a shadow over Japan’s entire financial services industry, the FT writes....
...Tiger’s fall from grace reminds DD of a similar case last year when Melvin Capital, which runs a pretty aggressive short book, suffered heavy losses after betting against meme-stock darling Gamestop....
...am not attached to objects at all’ Cynthia Nixon, actressPodcast: Little Known Facts with Ilana Levine “Levine is an actress who interviews all kinds of artists and celebrities and she’s like Barbara Walters...
...One invitation to start: Join us for our first Due Diligence: Dialogues event next week as DD’s James Fontanella-Khan and special guest Gregg Lemkau discuss the Goldman Sachs veteran’s move from the sellside...
...“The truth is that they are trying to focus on their own thing,” a person who knows both brothers told DD’s James Fontanella-Khan....
...And as we covered in DD last week, Morgan Stanley boss James Gorman recently struck his latest deal by agreeing to buy asset manager Eaton Vance for $7bn just days after closing a $13bn takeover of ETrade...
...As the FT’s Leila Abboud and DD’s Arash Massoudi and James Fontanella-Khan detail in the latest podcast episode of Behind the Money, what was meant to be a $16.6bn match made in M&A heaven between the European...
...Ermotti will replace Walter Kielholz, a former chairman of Credit Suisse. More here....
...Smart reads Behind Rattner’s rants Steven Rattner’s fall from grace on Wall Street may have been enough to end some careers....
...Read the full story by DD’s Kaye Wiggins and James Fontanella-Khan here. That debt is the product of a long history of private equity ownership....
...But nothing is set in stone, sources told DD....
...Also included in the list is Charles Schwab chief executive Walter Bettinger, below, who executed one of the most cunning deals last year....
...And Ren has already fallen from the good graces of the Communist party after leaving his company saddled with debt....
...The rise and fall of a celebrity stockpicker We know that by now you’ve been bombarded by news of Neil Woodford and his spectacular fall from grace as the UK’s best known stockpicker....
...White & Case has recruited Grace Fan-Delatour as a partner in Beijing. Fan-Delatour joins the law firm from K&L Gates, where she was also a partner....
...Then DD’s Eric Platt and James Fontanella-Khan broke the news that SoftBank, the biggest outside shareholder in WeWork, was urging the property group to shelve its IPO altogether....
...But the star stockpicker’s recent fall from grace has likely contributed to problems already abundant at the London brokerage....
...(BBG) Woodford’s fall from grace Five years after opening his eponymous fund management group, the once star fund manager is struggling to block an investor exodus....
...DD’s understanding is that the situation is more complicated....
...In the end, 320 foreign creditors claiming $4.7bn took massive haircuts on their investments, according to the book Red Capitalism, by Carl Walter and Fraser Howie....
...DD will keep this short. Deutsche’s fall from grace as a powerhouse M&A adviser is well known....
...But despite an investment career that set Barrack on a path to influence and fortune, some believe he’s been a poor steward of other people’s capital, according to this deep dive by DD’s Mark Vandevelde....
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