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Indian Alternatives Looking Mainstream
Investors are loving Indian healthcare PE and junk bonds, Texas electricity markets are out of control, Sweden became the second rich nation to cut rates, BNPL is generating billions in unaccounted-for debt, and over 85% of the best Covid-era stocks are down since Covid.
Another bank bites the dust
An ex-McKinsey partner sued the firm for being scapegoated, big asset managers are resorting to 'vulture' tactics, Elliott built a stake in one of Buffettâs investments, and regulators seized and sold Republic First BankâŠyes, exactly one year after First Republic Bank.
Tick tock TikTok
Norwayâs SWF chief said 'Europeans are less hard-working' than Americans, Kim Kardashianâs PE firm is facing fundraising hurdles, McKinsey is under criminal investigation, KPMG UK canceled some foreign graduate job offers, and the TikTok sell-or-ban bill was signed into law.