Hints and tips:
...The FT profiles the Nigerian born dealmaker, who before becoming a top executive at Credit Suisse, clerked for Thurgood Marshall....
...Private credit co-heads James Reynolds and Kevin Sterling have also been named global head of direct lending and global head of investment-grade private credit and asset finance, respectively....
...The leveraged buyout specialist has diversified to include a $200bn credit investment business along with a life insurance affiliate, Global Atlantic, hungry for yield....
...DIANE GLOSSMAN: You had on the one hand Citi that had a huge business around the globe, known to be an innovator in technology and credit card....
...But unlike regular investment banks, groups such as KKR — which has diversified to include a $200bn credit investment business and its Global Atlantic life insurance affiliate — can do it all in-house, Lex...
...world of supply chain finance attracted backing from Japan’s SoftBank and US private equity firm General Atlantic....
...Davis Polk has poached M&A partner Thomas Malone and finance partner David Penna from Latham & Watkins. They are based in New York and Washington, respectively....
...They greatly underestimated how high it would go and how long it would last. There was silence on whether expanding money and credit had anything to do with it....
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...And one invite to start: We are less than two months away from our feature event of the year. DD Live will gather the biggest names in M&A, private equity and corporate finance....
...In some ways, working at Revolut was the pivotal moment: I was trying to work with a major credit bureau, and we wanted them to see customers on both sides of the Atlantic....
...: buyout groups push into lucrative private credit (Lex)...
...It has had to raise more than $1bn from its existing investors and tap credit lines from banks to shore up its financial position....
...But we don’t want to see an overregulation and a return to higher cost credit. The regulators have to ask ‘how do we make this proportionate to BNPL?’....
...Bank of America has promoted Murad Khaled to head of Europe, Middle East and Africa leveraged finance capital markets....
...All sessions will be recorded and available on-demand. Full details here. Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance from the Financial Times....
...It’s hard to believe that this is being questioned,” said David Knutson, head of credit research at Schroders and the vice-chair of the Credit Roundtable, an investor industry group in the US....
...Marsh was the supply chain finance group’s commercial insurance broker, responsible for finding cover against non-payment by its borrowers....
...But this is DD: you’re supposed to have a passing interest in finance!...
...But coronavirus has handed Funding Circle and rival online lenders on both sides of the Atlantic a second chance to prove their worth....
...But in the years before this outbreak, Japan Inc has no longer been the reliable backstop in times of stress, while funds such as Carlyle and KKR now have a history and record in the market that should make...
...The admission has rocked commodity traders and the banks that finance global trade....
...And as we know from the last crisis, when people lose their jobs, they tend to stop paying mortgages, car loans, credit card bills and so on....
...Xerox wants to give HP’s board its walking papers We’re all guilty of overusing the David v Goliath trope but in the case of Xerox and HP, it really does apply....
...Tang had served at Citic and China’s ministry of finance. The marriage was relatively fresh....
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