Hints and tips:
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...Yuan Yang 38....
...Not everyone will want to be locked in a monetary union with countries like the Netherlands, whose prime minister is ideologically opposed to mutual risk-sharing....
...From what we see,the company’s current approach to fixed-cost allocation is completely appropriate, but the effects are magnified by effectively being a one-product company....
...Equity, bond and credit mutual funds all had material outflows this week while money market funds had the biggest inflows on record, at $137bn....
...; (iv) assist in the payment of sickness benefits; and (v) protect supply-chain financing in response to the coronavirus....
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...He says BlackRock will eventually seek majority control of a mutual fund company but acknowledges the “journey towards majority ownership is going to take time”....
...estate and hotels, as well as insurance and financial services”....
...Others are more frivolous: Yasuda Kasai, the Japanese insurance company, paying $40m for Van Gogh’s “Sunflowers” in 1987; and Chinese billionaire Liu Yiqian’s 2015 purchase of a Modigliani painting for $170m...
...For this, Charles Dickens, the creator of a famous fictional legal battle — Jarndyce v Jarndyce — might be responsible....
...There is, for instance, no such provision for commercial banking or primary insurance. Some argue these gaps would need to be filled for the mechanism to be a credible option for the UK....
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...But they also have a degree of insurance unavailable to other investors if the company falls short of expectations — as, in the case of Square, looks likely....
...“Very often there are technicalities which are the beginning of a failure, for example missing dates or signatures on mutual legal assistance requests,” says Rudolf Wyss, Switzerland’s former head of mutual...
...Six months later the bank failed and the Federal Deposit Insurance Corp, the regulator, sold WaMu to JPMorgan....
...Credit to small businesses is currently rationed as tightly as lamb chops after V-J Day. But Shawbrook boasts it will double commercial lending in 2013, albeit from a low base....
...and Fukoku Mutual Life Insurance are among the companies shortlisted to buy a minority stake in Indonesia’s Panin Life for about $200 million, sources said. http://reut.rs/UqGs3l China snubs Norway in...
...Among the corporate figures given CBEs is Vanni Treves, former chair of Equitable Life, who joined the company in 2001 just after the UK’s oldest mutual insurer had closed to new business....
...This is the country’s most popular tourist attraction and is South African owned once again; Growthpoint, South Africa’s largest property company, and the PIC each bought a 50 per cent share in the V&A for...
...Mutual fund managers are naturally pleased with the changes. They argued that before the new norms, the playing field had been tilted in the favour of Ulips and the insurance companies....
...Sponsors of the current wave of Korean life insurance listings, however, are having to earn their fees....
...“I think the bigger holders now of securitisations are insurance companies and pension funds.”...
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