Here’s How Messy a Russian Bond Default Could Be

Here’s How Messy a Russian Bond Default Could...

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We're in an era of megadeals, with Goldman Sachs reporting a record year for big deal volumes as companies scramble to compete with AI. Gene Sykes has seen multiple deal cycles come and go over his multi-decade career. The co-head of mergers and acquisitions has worked on famous ...  Show more

There's a Mind-Boggling Number of Rich People in America

In 2014, the economists Owen Zidar and Eric Zwick were asked by the Treasury to conduct a study on the tax burden of private business owners. It was tricky to figure out how much these sorts of business owners — auto dealers, contractors, the like — actually owed in taxes: After ...  Show more

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Events over the past week have brought Russia tantalizingly close to its first default on foreign debt since the Bolshevik Revolution more than a century ago. And why Poland's ambassador to the U.S. thinks there's no diplomatic path to end Russia's assault on Ukraine. See pcm.ads ...  Show more

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Russia is on course to default on its debt for the first time since 1998, and Credit Suisse has become the first domestic bank to be found guilty of a corporate crime after a court found the lender failed to stop the laundering of Bulgarian drug money. UK travel chaos could wi ...

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