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London-based group partners with ‘junk bond king’ on club adjacent to the White House
A very short, very wild history of the market that will shape the next financial crisis
Plus, Mukesh Ambani plays M&A hardball and the power struggle between Arm and its rogue China CEO intensifies
Inflation is a concern at the first pandemic-era event but so is cancel culture
Plus, hedge funds get a windfall from Donald Trump’s media Spac and Britain’s supermarkets pile on debt
Decades of philanthropy pay off for one of Wall Street’s most complicated figures
Welcome to Due Diligence, the FT’s daily deals briefing
A very brief history.
Michael Milken maintained ties to a finance industry that he helped shape
Pardon of one-time ‘junk bond king’ supported by Rupert Murdoch, Rudy Giuliani and others
Chief blames temporary market jitters and plans relaunch next month
If business leaders are serious about reforming capitalism, they need to start listening
Michael Milken invokes Margaret Thatcher as conference debates threats to capitalism
An EGM the following week will vote on investor TCI’s attempt to oust chairman
As sector tops list of private employers, pressure mounts to come out of the shadows
Case focuses on whether the tipster gained something of value in return for disclosures
Hedge fund manager laments his industry’s focus on asset gathering over returns
It is tempting to view UBS’s launch of a poverty fund as atonement for . . . sins
Despite two decades of higher returns, investors should be wary of a Fed rate rise
The JPMorgan Chase indictments risk inducing a false sense of security, writes Mark Roe
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