Malaysia’s 2025 GDP growth of 4.9 percent in line with projections – MBSB IB #Malaysia #GDPgrowth #EconomicGrowth #InvestmentBank #ManufacturingSector
Gold futures expected to remain in positive trend next week #GoldFutures #InvestmentBank #COMEX #TradingTrend #MarketAnalysis
*FIRST BRANDS CREDITOR SAYS UP TO $2.3 BILLION 'SIMPLY VANISHED', SEEKS INVESTIGATION Raistone, a provider of short-term financing that worked on deals for First Brands, is demanding an independent examiner be appointed in the Chapter 11 bankruptcy proceedings after alleging that as much as $2.3bn has "simply vanished." On October 2, a bankruptcy lawyer for First Brands told Raistone that advisors don't know if First Brands has received an estimated $1.9bn. This followed the "first day hearing" where First Brands won access to a $1bn+ DIP financing to prevent the business from collapsing. In one of the most bizarre email exchanges, Raistone's lawyer asked two simple questions: "First, do we know whether First Brands actually received $1.9bn (no matter what happened to it), and second, would you tell us how much is in the segregated accounts in respect of the factored receivables as of today?" The response from Sunny Singh of Weil Gotshal: "#1 - We don't know. #2 - $0."
Ripple effects from the First Brands implosion are hitting everywhere: 1) Cantor Fitzgerald's purchase of UBS O'Connor ($117mm+ loss, looking to change terms) 2) Millennium ($100mm+ loss) 3) Raistone ($2.3bn has "simply vanished") 4) Blackrock pulling capital from Jefferies funds 5) Western Alliance Bank (undisclosed loss)
it's looking increasingly likely that the implosion of a random auto parts company is going to lead to a full blown financial crisis.
billions of dollars is apparently just straight up missing. multiple companies that are getting hit in the fallout are […]
[Original post on universeodon.com]
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From Aerospace to Leading Global Investment Bank: The Entrepreneurial DNA of US Capital Global
An Interview with Jeffrey Sweeney, Founder and Chairman, US Capital Global
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Jualan automotif dijangka reda tahun ini selepas paras rekod pada 2024 – HLIB #jualanautomotif #sektorautomotif #unittestinggi #investmentbank #HLIB
Vontobel Appoints Two New Chiefs For Its Institutional Clients: The Zurich investment firm is expanding its institutional client business. Kaspar Böhni and Ralph Ruijters joined Vontobel in April. #Vontobel #investmentbank
Vontobel: Zwei neue Leiter für institutionellen Kunden:
Das Zürcher Investmenthaus baut im Geschäft mit institutionellen Kunden aus. #Vontobel #investmentbank
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