Greenwich School of Management received over £150m in government loans.
GSM London goes into administration.
“We need more of it, and we need it now.”
Hamlet without the Prince of Denmark
In this guest post, Victor Basta argues that tech firms are losing their special status among investors, meaning they are having to focus more on good old-fashioned profitability when planning their exits.
Performance and pay could be better linked.
Oaktree founder posits a few starter for 10s.
Investing in good faith.
Live markets commentary from FT.com
Ten of the most immediate, unless it goes crypto.
A US supermarket's bonds are simultaneously in default and compliance
The line between $0 of available dividends and $700m is not as clear as one might think.
But bonds are still rallying, seemingly in hope of improved chances for recovery in a default.
Faking death; private equity; police states; TFL; Seymour Hersh; and much more...
Illiquid, opaque asset class meets ultra-liquid structure with constant liquidity. What could go wrong?
Covenant Review is having none of it.
The DOJ charged Paul Parmar with securities fraud on Wednesday
How long can private equity “push the envelope” this cycle?
Fake paintings; the rule of 72; lobbying; Appalachian prisons; volatility; and much more...
Ignore the incredulity, instead consider the maths which give room for negotiation.
In remembrance of deals past
![Schrödinger's default [updated]](https://www.ft.com/__origami/service/image/v2/images/raw/http%3A%2F%2Fcct-images.ft.com%2Fproduction%2Ffcd564e7-6f1c-4ff1-a513-9b683fd2862a_FINAL.jpg?source=Alphaville&width=740&quality=medium)
