@margotpatrick profile picture
Margot Patrick @margotpatrick

Reporter for WSJ in London. Money - Power - Crime. margot.patrick@wsj.com

Joined May 2013
  • Tweets 4,474
  • Following 584
  • Followers 3,324
25 Photos and videos
Pinned Tweet
Margot Patrick@margotpatrick
May 6
The Rothschild dynasty survived wars, financial crises and persecution. The Epstein scandal threatens to deepen a divide among two rival Rothschild banks. wsj.com/finance/banking/the-… via @WSJ

The Rothschild Dynasty Survived Wars and Crises. Will the Epstein Files Tear It Apart?

Ariane de Rothschild’s association with the sex offender tests a truce between two banks that share the dynastic name.

wsj.com
1
3
143
Jho Low, the alleged mastermind of one of the greatest financial frauds in history, is asking President Trump for a pardon  wsj.com/finance/jho-low-fugi… via @WSJ

Jho Low, Fugitive Behind 1MDB Scandal, Seeks Pardon From Trump

The Malaysian financier recently submitted a pardon request, some 10 years after he disappeared amid a $4.5 billion scandal.

wsj.com
1
140
"Back leverage" -- more private credit lingo for banks with back-door exposure to borrowers. In this case HSBC had a $400M loan to an Atlas SPV lending to collapsed mortgage broker MFS wsj.com/finance/the-opaque-p… via @WSJ

The Opaque Private-Lending Deals That Left HSBC With a $400 Million Hole

The British bank turns out to be one of the most exposed lenders affected by the collapse of mortgage broker Market Financial Solutions, through a complex loan via a chain of special-purpose vehicles.

wsj.com
1
191
UBS refused to hand over privileged documents in a probe into Credit Suisse’s Nazi-linked accounts, citing risk of new financial claims bloomberg.com/news/articles/…

UBS Won’t Release Nazi Accounts Settlement Files Sought by Investigator After Court Setback

UBS Group AG says it won’t hand over a stash of privileged documents for a probe into Credit Suisse’s handling of Nazi-linked accounts after failing to win assurances that doing so wouldn’t expose it...

bloomberg.com
1
1
163
Ghost towns and wasted caviar: Saudi Arabia’s futuristic agenda was already in trouble. War in Iran plunged it deeper into jeopardy. wsj.com/world/middle-east/sa… via @WSJ

Saudi Arabia’s Grand Vision Slams Into Financial Reality—and the Iran War

The crown prince’s futuristic agenda was plagued by budget shortfalls and impractical designs. War plunged it deeper into jeopardy.

wsj.com
1
163
How a Dirty Money Trail From Venezuela to Iran Brought Down a Swiss Bank bloomberg.com/news/articles/…

How a Dirty Money Trail From Venezuela to Iran Brought Down a Swiss Bank

Each time he landed a six-figure commission for his tiny Swiss bank, Paul-Michel von Merey was known to thunder through the open-plan office close to Lake Zurich, loudly ringing a cow bell in...

bloomberg.com
4
4
448
Police searched the offices of Swiss bank Edmond de Rothschild as part of an investigation into a former French diplomat who used to work at the bank and was an associate of Jeffrey Epstein wsj.com/world/europe/edmond-… via @WSJ

Edmond de Rothschild Offices Raided in Probe of Epstein Associate

French authorities are investigating a former French diplomat who used to work at the bank.

wsj.com
1
1
128
Huel grabs $1.2 billion valuation with meal-replacing protein shakes. Users say they're like muffin batter, or the chocolate milk at the bottom of a cereal bowl. Enjoy! wsj.com/business/danone-to-b… via @WSJ

Danone to Buy Protein-Shake Maker Huel for $1.2 Billion

Danone is scooping up the maker of plant-based food powders and meal-replacement drinks to bolster its nutrition portfolio.

wsj.com
122
Danone to Buy Nutrition Company Huel wsj.com/business/danone-to-b… via @WSJ

Danone to Buy Protein-Shake Maker Huel for $1.2 Billion

Danone is scooping up the maker of plant-based food powders and meal-replacement drinks to bolster its nutrition portfolio.

wsj.com
122
Canadian investor Stephen Smith is set to take a 26.9% stake in the publisher of the Economist magazine wsj.com/business/media/canad… via @WSJ

Canadian Financier to Buy Stake in Economist Magazine

Stephen Smith has agreed to acquire a 26.9% stake in the publication from the Rothschild family.

wsj.com
1
2
228
Margot Patrick retweeted
Gunjan Banerji
@GunjanJS
Mar 16
“I literally think all the marks are wrong. Is that what you’re asking me? I think private-equity marks are wrong” — Apollo Global Management’s John Zito, co-president of the firm’s asset-management arm wsj.com/finance/investing/to…

Exclusive | Top Apollo Executive Sounds Off on ‘Arrogance’ in Private Markets

“I literally think all the marks are wrong,” Apollo’s John Zito said of private equity in previously unreported comments. Apollo said the comment was about software companies.

wsj.com
15
36
265
159,950
Watch out for private credit valuations on faith— via Heard on the Street columnist @JonathanWeil wsj.com/finance/investing/in… via @WSJ

Inside a $42 Billion Private-Credit Black Box: More Black Boxes

The Cliffwater Corporate Lending Fund’s opacity helps explain why it is facing redemptions.

wsj.com
98
Some of Wall Street’s most sophisticated players fueled the rise of London lender Market Financial Solutions. There were warning signs. wsj.com/finance/how-a-britis… via @WSJ

How a British Mortgage Company Became Private Credit’s Latest Black Eye

Private-asset-backed lenders fueled the rapid rise of a London mortgage lender that went bust last month.

wsj.com
1
3
164
Blue Owl needed to sell loans for cash - so it turned to its own insurance company bloomberg.com/news/articles/…

Blue Owl Sold Private Loans to Pension Giants and Own Insurer

Blue Owl Capital Inc., facing a looming deadline to return cash in one of its private credit funds, found four buyers for a $1.4 billion portfolio of loans to help pay out investors: Three of North...

bloomberg.com
1
157
Sarah Ferguson visited Jeffrey Epstein on work-release in April 2009 while he served his sentence in Florida. (She asked to pop by for a quick cup of tea on a layover, he emailed the address) wsj.com/world/uk/britains-mo… via @WSJ

Britain’s Monarchy Can’t Escape the Shadow of the Epstein Scandal

Emails show the extent of the disgraced financier’s relations with the former Prince Andrew and his ex-wife.

wsj.com
1
183
An office romance at Nestlé cost the CEO his job. Now it’s giving way to an overhaul wsj.com/business/how-an-offi…

How an Office Romance Sparked an Overhaul at Nestlé

Nestlé’s new CEO is shaking up the Nescafé maker’s clubby culture and has signaled potential brand sales.

wsj.com
1
245
Self-defense shootings leave a deadly toll on innocent bystanders, “turning public places into crossfire zones.” Grieving families learn how laws protect people who miss their targets. wsj.com/us-news/homicides-by… via @WSJ

The Innocent Bystanders Caught in Deadly Crossfire of Self-Defense Shootings

Massachusetts is the latest state to give shooters legal protection if they accidentally kill someone while lawfully defending themselves.

wsj.com
104
Brendan Nelson brings decades of experience to his new role as HSBC chairman, including as a top auditor to banks that later ran into trouble during the financial crisis wsj.com/finance/banking/he-w… via @WSJ

He Was Caught Up in the Financial-Crisis Firestorm. Now He Oversees HSBC.

Under Nelson, KPMG’s financial-services practice faced scrutiny in the wake of U.K. lender bailouts.

wsj.com
1
88
Lawrence Summers has been banned for life by the American Economics Association wsj.com/us-news/larry-summer… via @WSJ

Top Economics Group Bans Larry Summers for Life

The American Economic Association rebuked the former Treasury secretary amid scrutiny over his correspondence with Jeffrey Epstein.

wsj.com
137
It is one of the most demanding jobs in world finance: A year into its search for a new chairman, HSBC is still looking wsj.com/finance/banking/hsbc… via @WSJ

Why HSBC Has Struggled to Fill One of the Biggest Jobs in Global Finance

The role is one of the most demanding in world finance, with the bank acting as a financial bridge between the East and West.

wsj.com
1
91
Load more