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bondhack.ft.com
Corporate Finance Editor at the Financial Times. Have a tip? Email: [email protected] / [email protected] | Signal: robert_smith_ft.55
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“It’s fucking terrible what we are being put through at the moment” V worth reading this Bloomberg long read from @harrynwilson.bsky.social and co to the end to find out who imparted these words of solidarity to Jes Staley during his Epstein-related court battle www.bloomberg.com/features/202...

Saying the quiet part loud.

This @bryce.lol piece hurt my head (in a good way) on.ft.com/44zVJLa

AI in the wild? This tray tissue I was given at a restaurant is full of errors and hallucinations…!

SCOOP! Sachin Duggal, founder and "chief wizard" of the now defunct tech unicorn Builder.ai, made $20mn from selling shares in the company Builder.ai collapsed last month, after raising half a billion dollars, when revenues had to be dramatically restated With @bondhack.ft.com on.ft.com/4k8t44A

“We’re just going to apologise for the language by the US President, there.”

just incredible

www.ft.com/content/f044... A former Conservative donor - Venezuelan-Italian banker Julio Herrera Velutini - is set to plead guilty to a misdemeanour charge relating to US political contributions to resolve a criminal case involving the former governor of Puerto Rico.

Tennor Holding, Tennor International, Tennor Group... www.ft.com/content/90d0... @bondhack.ft.com ...but will anyone lend Lars a tenner?

We reported this morning that Thames Water’s creditors have demanded waivers that would exempt it from key environmental laws. Hours later, the environment secretary signaled he would reject these demands and said the govt has “stepped up” preparations for a special administration on.ft.com/3SYbN2U

Lars Windhorst’s Tennor Holding, which borrowed billions from investors and was once at the heart of the German financier’s business empire, has been declared bankrupt at the request of Dutch tax authorities Full story w/ longtime fellow Lars chronicler @cynthiao.bsky.social here: on.ft.com/3HLyjcY

www.lesechos.fr/finance-marc... 2019: @bondhack.ft.com and I revealed asset manager H2O's outsized investments in illiquid bonds linked to flamboyant Lars Windhorst 2022: the French regulator imposed a record fine on H2O 2025: the highest admin court rejects H2O's appeal against the fine

Published this piece earlier this week on Builder.ai, in part to debunk the mega viral “700 secret Indian engineers” claims circulating online (as ever, the truth much more nuanced than the clickbait)… on.ft.com/3SHlkuY

🚨 SECRET FINMA FILES REVEALED 🚨 After a request from the FT and others, London's High Court ordered the release of 500+ pages of previously confidential reports from Swiss regulator Finma into Credit Suisse’s dodgy dealings with Greensill. Rundown of the highlights here 👇🏻 on.ft.com/3SP3RAY

Credit Suisse’s former global head of asset management was accused by a board member of giving a “false picture” of its funds tied to Greensill Capital, London’s High Court has heard.  on.ft.com/43FN0qz

Lex Greensill speaks

Lex Greensill has told London’s High Court that he still suffers from post-traumatic stress disorder after fraught negotiations with Japan’s SoftBank as he sought funding to save his lending firm that collapsed in 2021. Lots of 🤯 snippets from his two days of testimony here on.ft.com/4kxkGMN

🚨CORPORATE SPOOKS KLAXON🚨 Builder.ai collapsed owing money to an Israeli private intelligence outfit, a high-profile crisis PR specialist and one of the world’s most feared litigation law firms, US bankruptcy filings reveal The trio were hired after probing FT reporting last year on.ft.com/3ZhLIPM

So much winning

Builder.ai collapsed owing money to an Israeli private intelligence outfit, a high-profile crisis communications specialist and one of the world’s most feared litigation law firms, the London tech group’s US bankruptcy filings have revealed. www.ft.com/content/ef37...

🚨CORPORATE SPOOKS KLAXON🚨 Builder.ai collapsed owing money to an Israeli private intelligence outfit, a high-profile crisis PR specialist and one of the world’s most feared litigation law firms, US bankruptcy filings reveal The trio were hired after probing FT reporting last year on.ft.com/3ZhLIPM

Sometimes you just have to tip your hat to the Lib Dem press operation.

The former head of SoftBank’s Vision Fund described financier Lex Greensill as “slippery and prone to lying”, according to correspondence disclosed in a complex $440mn London court battle between the Japanese conglomerate and a fund of the defunct bank Credit Suisse. www.ft.com/content/60c0...

Anyone for tennis? 🎾 @alexandraheal.bsky.social and I have just published the inside story of how Microsoft-backed Builder.ai collapsed in an alleged revenue inflation scandal Details include a volley of transactions with a company founded by Serena Williams’s former tennis coach on.ft.com/3SA7jPR

Lex Greensill, the scandal-plagued Australian financier, is set to make his first public courtroom appearance since his eponymous lending company collapsed when he testifies in a high-stakes London court case brought by a Credit Suisse fund against SoftBank. on.ft.com/3ZgpRs0

NEW: The full story of how Microsoft-backed Builder.ai, the UK tech startup that raised over half a billion dollars, is alleged to have artificially inflated its revenues before collapsing into scandal last month Somehow the tale even includes tennis W/ @bondhack.ft.com 🎾 on.ft.com/4kwMNfa

You have to admit, it is pretty damn funny that Thames Water granted KKR exclusivity to prepare an equity bid — freezing out the other bidders — and then they ghosted them at the eleventh hour. Detail on that, and more, in this analysis published yesterday on.ft.com/4ksRqa9

tonight’s FT front page

Very informative piece by @bondhack.ft.com, @pickardje.bsky.social, Ashley Armstrong and Arash Massoudi about what next for Thames Water:

‘Better to be lucky than smart’ as a very senior banker once said to me. www.ft.com/content/51c5...

"Could a machine decide to lay off an entire department based on a vague intuition it forms about the market while it half-listens to an Economist podcast during its morning Peloton ride? I don’t think so."

Around D.C., the new going rate is well-known: $5 million for a one-on-one dinner with Trump, but gov-affairs execs have “no clue where the money is eventually going,” one said. Another told me it’s “outer-borough Mafia sh*t.” My new piece is out @newyorker.com www.newyorker.com/magazine/202...