Ortenca
@ortenca.bsky.social
4.3K followers 150 following 26 posts
Banking Editor @financialtimes.com 🇦🇱 in London and 🗽 in between
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Reposted by Ortenca
bondhack.ft.com
A lot more exclusive detail on Point Bonita's fund structure, beyond those that Jefferies disclosed today, in update to story (w/ @ericgplatt.ft.com and @ortenca.bsky.social) on.ft.com/42soiJ9
Reposted by Ortenca
bondhack.ft.com
BREAKING: Jefferies earned undisclosed fees on financing it provided to First Brands Group, in an arrangement other lenders say may have violated terms of their own credit agreement with the bankrupt car parts company.

Full story w/ @ericgplatt.ft.com & @ortenca.bsky.social here: on.ft.com/430jWZT
Jefferies earned undisclosed fees on First Brands ‘side letter’ financing
[FREE TO READ] Lenders to bankrupt car parts group believe arrangement may have breached loan covenant
on.ft.com
Reposted by Ortenca
bondhack.ft.com
🚨BREAKING NEWS ON FIRST BRANDS GROUP'S OFF BALANCE SHEET DEBT🚨

Entities tied to First Brands and its founder Patrick James have filed for bankruptcy protection, compounding issues at the car parts supplier whose troubles have roiled credit markets.

Story w/ @ortenca.bsky.social
on.ft.com/4nfPEul
First Brands-linked entities file for bankruptcy
[FREE TO READ] Rapid unravelling of heavily indebted car parts supplier has caught credit markets off guard
on.ft.com
Reposted by Ortenca
theathletic.com
Carlos Alcaraz surges past Jannik Sinner to win the U.S. Open 🏆

It is Alcaraz’s sixth Grand Slam title and his second at the U.S. Open.

The result takes him back to world No. 1, ending Sinner’s 65-week stay at the top of the tennis world rankings.
Reposted by Ortenca
colbylsmith.bsky.social
Trump has taken an unprecedented step in trying to fire Fed governor Lisa Cook. The law stipulates that a president can only remove an official if there is "cause," a term that is vague and has no precedent www.nytimes.com/2025/08/25/u... @tonyromm.bsky.social @bencasselman.bsky.social @nytimes.com
Trump Says He Is Removing Lisa Cook From Federal Reserve Board
www.nytimes.com
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chriscook.news
We wanted to know if the money that the EU has put into rearmament is turning into production capacity — and the answer is: yes. Industry is rearming.
financialtimes.com
Analysis of radar satellite data shows rearmament on a historic scale, stretching over 7mn sq metres of new industrial development on.ft.com/3HsEbYG
Reposted by Ortenca
financialtimes.com
The FT View: The longer it has continued, the more it has borne the hallmarks of a vengeful assault by Israeli Prime Minister Benjamin Netanyahu’s far-right government to destroy the very fabric of Palestinian society. https://on.ft.com/3UBv3Us
ortenca.bsky.social
A THIRD of the population is not eating for multiple days in a row
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mtindera.ft.com
The competition for junior talent on Wall Street reached a new peak this summer.

This week on Behind the Money, @sindap.bsky.social and @ortenca.bsky.social explain why, and what this means for Wall St's top investment banks and private equity firms.

🎧: podfollow.com/behind-the-m...
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tonytassell.bsky.social
When a pension fund makes a hedge fund size bet - was it for the Italian national interest? Rpt by Silvia Sciorilli Borrelli and @ortenca.bsky.social www.ft.com/content/c4ad...
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tonytassell.bsky.social
Can HSBC cut its way to growth? - FT Big Read from @ortenca.bsky.social www.ft.com/content/61e8...
ortenca.bsky.social
This is honestly better than White Lotus.
Reposted by Ortenca
bondhack.ft.com
“Our client vehemently denies using the word ‘c*nt’ in front of his colleagues’ children at work,” Sadler’s lawyers said. In the event children were ever present, they added, he denied “having knowingly used profanities.”
kayewiggins.ft.com
This is a story about the rise and fall of a man from a working-class town. It’s about power in a grey area of global finance. It’s about football, swearing, a Blackpool bar called Shenanigans and a tangerine-coloured private boat. Enjoy.

w/ @bondhack.ft.com @ortenca.bsky.social

on.ft.com/3DTv1m6
Inside the downfall of trading titan and Blackpool FC owner Simon Sadler
[FREE TO READ] He was a heavyweight in Hong Kong finance and a hometown hero. Now he faces the possibility of jail
on.ft.com
Reposted by Ortenca
kayewiggins.ft.com
This is a story about the rise and fall of a man from a working-class town. It’s about power in a grey area of global finance. It’s about football, swearing, a Blackpool bar called Shenanigans and a tangerine-coloured private boat. Enjoy.

w/ @bondhack.ft.com @ortenca.bsky.social

on.ft.com/3DTv1m6
Inside the downfall of trading titan and Blackpool FC owner Simon Sadler
[FREE TO READ] He was a heavyweight in Hong Kong finance and a hometown hero. Now he faces the possibility of jail
on.ft.com
Reposted by Ortenca