Hints and tips:
...The $1.5bn cheque wired last week was sent to lenders including Goldman Sachs, Mizuho and Deutsche Bank, given SoftBank’s Vision Fund was an obligor on the loan....
...The finance ministry issued a statement more than 24 hours after the measure was passed saying the levy would be capped at 0.1 per cent of a bank’s risk- weighted assets “to safeguard lenders’ financial...
...A day earlier, a SFr50bn ($54bn) liquidity backstop from the Swiss central bank had failed to arrest a crisis of confidence in the lender, whose shares had plunged after Ammar Al Khudairy, the chair of its...
...Caisse de dépôt et placement du Québec (CDPQ), the C$400bn global investment group, told my colleague Josephine Cumbo that the UK stood out because of its “pro business” stance....
...His demands, which stipulate that a deal shouldn’t negatively affect UniCredit’s common equity tier 1 ratio — a measure of its financial strength — and that it be protected from certain credit risks and...
...Al-Sadeq claims Gerrard and Dechert orchestrated those abuses when working for the investment and development office of the government of Ras Al Khaimah, or RAK, where he is being held....
...asks Mr Pandit who now runs the fintech investment group Orogen. “It’s hard to imagine what the outcome would have been for the system.”...
...IAG, easyJet, Ryanair et al are no Flybes. But the International Air Transport Association has declared that without state aid, Europe’s airlines could be bust by May....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...There’s not much precedent to support the idea that Shina et al can walk away based on a MAC clause: WPP was forced against its will to buy Tempus in 2001, Guy Hands couldn’t scrap a bid for East Surrey...
...And, as lockdown measures are softened, the return of the likes of Gregg's, Starbucks et al to the UK FtG market will increase competition....
...Addison Lee, the mini cab company that was bought by Carlyle just months before Uber et al made it on to the scene....
...And one more thing, breaking overnight: A handful of private equity groups advance in the $7bn Unilever spreads auction. Details here ....
...Sensible sentences from Citi’s Buiter et al on China’s valuation shock (with our emphasis): This decision by the PBOC is a significant event, even if its implications and motivations are not yet fully clear...
...She serves as co-head of its global private equity group and is responsible for the firm’s practice in California. Ms Ressler has spent her career leading by example....
...But unlike Mr Terry et al, Mr Austin remains the beneficial owner and gets to vote his shares and reap the dividends. IGas’s shares tumbled 24 per cent last week....
...Statistical studies (see for example Gadea et al) confirm that there has been no significant break in the behaviour of volatility in the five year period since 2008, compared to that experienced during GM...
...But, as Neil notes, things could have been worse without all that warehousing shenanigans from Goldman et al....
...(Bloomberg) - How Goldman (et al)’s aluminium warehousing cost American consumers $5bn in three years. (New York Times) - The commodities supercycle is still ending....
...No surprise to see GMO et al flag up “impact on third parties” from the start....
...So it’s not surprising that the first response from Buchheit et al is to answer back with bits of the bond contract that suggest sneaky loopholes instead....
...Again, it was all a bit vague in the courtroom, but one idea seemed to be giving NML et al whatever the backlog of 11 years of payments was, and then paying them at the EBG rate thereafter....
.../ From Mr Richard Walker...
...to shelve plans for advance on Europe - Osborne to push auction of Rock - Majestic performance: Wine chain sees double - Pension scheme sell-off opens Invensys to bids - Vestey Group...
...While I have little time for Cameron et al, I have to admit that Osborne has done a brilliant job of (just about) keeping the markets onside....
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