Big us. banks trying to reduce their corporate deposits, and apollo management thinks it can do a better job with yahu than vorizon. Plus, the spack boom. We'll take a look at why things petered out so quickly. This f t news briefing is supported by the e y microsop tech directions podcast for leadership idea is around digital and tech. Down load and listen to the e ymicrosop tech directions pod castgood morning from the financial times. Today is tuesday, may fourth, and this is your f t news briefing.
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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