Last time banks asked corporate clients to move money was 20 15. Analysts say it could take seven years or even longer for the feds balance sheet to come down. Yahu is changing hands again. Private equity group apollo management has agreed to buy the internet stalwart and other media assets from vorizon for about five billion dollars.
A wave of cash flooding bank balance sheets has prompted some US lenders to advise corporate clients to move money out of deposits, and Apollo has bought Verizon’s media assets including Yahoo for $5bn. Plus, the FT’s mergers & acquisitions reporter, Ortenca Aliaj, explains why the Spac boom has deflated.
Apollo buys Verizon media assets including Yahoo for $5bn
https://www.ft.com/content/ef0992ec-1d4f-4030-95a9-d950e47338e1
Cash-rich US banks move to reduce corporate deposits
https://www.ft.com/content/a5e165f7-a524-4b5b-9939-de689b6a1687
A reckoning for Spacs: will regulators deflate the boom?
https://www.ft.com/content/99de2333-e53a-4084-8780-2ba9766c70b7?
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