Hints and tips:
...Katerra had received the money via Credit Suisse’s supply-chain finance funds....
...“I am sure the banking industry doesn’t agree with all the proposals but we have to make this financial industry as safe as possible,” said Swiss finance minister Karin Keller-Sutter, when announcing the...
...Credit Suisse was forced to close a group of supply-chain finance funds last spring when Greensill collapsed, trapping $10bn it managed on behalf of 1,200 of its wealthiest clients....
...Zurich’s finance sector — and the final working week of 2023 is proving no exception....
...On Friday, Russia’s deputy finance minister Alexei Moiseev reaffirmed the government’s position to obstruct foreign bank sales....
...Her remit, instead, is “all business operations”, including HR, partnerships, legal, sales and finance....
...This is especially heightened in New York, which serves as a hub for finance, immigration, entrepreneurship, the United Nations and more....
Northern Trust overwhelmed by slew of margin calls during bond market turmoil
...Arrival is merging with Kensington Capital Acquisition Corp V, paying a huge premium in order to add $300mn to its balance sheet. It is a desperate move that is unlikely to trigger a Spac revival....
...The banks that lent $13bn to finance the acquisition — a group led by Morgan Stanley, Bank of America, Barclays and Mitsubishi — have been left in a tricky position....
...GSK has named Burberry’s chief operating and financial officer Julie Brown as its new finance chief....
...and Marubeni Corp, according to Reclaim Finance....
...Credit Suisse also claims that Greensill, the founder of the now-defunct finance firm, gave a presentation to Son in October 2020 where he discussed the Katerra restructuring, the filings show....
...Linklaters has hired three partners from Vinson & Elkins for its leveraged finance practice in London: Noel Hughes, Giacomo Reali and Christianne Williams....
...kadhim@ft.com / sid.v@ft.com...
...As ever, send your thoughts, queries and philosophical riddles to Imani (imani.moise@ft.com) or me (sid.v@ft.com). Happy reading!...
...It says it had helped fund the development of the Sputnik V Covid-19 vaccine....
...Yet at the same time, BNY’s Australian subsidiary, BTA Institutional Services, was preparing to finance Adani Group’s Carmichael coal mine in Queensland, one of the world’s most controversial new fossil...
...Additional reporting by Owen Walker and Sujeet Indap...
...Yet the backstop is still in place for a series of loans the finance firm made to smaller businesses such as Special Needs Group....
...Katerra was included in the Credit Suisse’s dedicated suite of Greensill supply chain finance funds, which packaged up invoices into investments and marketed them as low-risk....
...After cutting his teeth as a derivatives whizz-kid at O’Connor & Associates, a Chicago-based options trading firm, Solo quickly rose through the ranks of Swiss Bank Corp when it bought the business in 1992...
...In order to finance the transaction, Stanmore is asking shareholders to support a $600m equity issue, while a further $625m will be raised in debt....
...BaFin head ousted over Wirecard scandalGermany’s finance minister has pushed out Felix Hufeld, head of the country’s financial watchdog BaFin, over his handling of the Wirecard scandal....
...He hasn’t announced a blank-cheque deal since January, when his Social Capital Hedosophia Holdings Corp V announced a tie-up with the digital lender SoFi....
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