Ortenca
@ortenca.bsky.social
Banking Editor @financialtimes.com
🇦🇱 in London and 🗽 in between
🇦🇱 in London and 🗽 in between
Reposted by Ortenca
And if you're not an FT subscriber, this gift link is good for 300 clicks.
Story with the great Jill R Shah, @ericgplatt.ft.com and @ortenca.bsky.social
on.ft.com/43GYfOR
Story with the great Jill R Shah, @ericgplatt.ft.com and @ortenca.bsky.social
on.ft.com/43GYfOR
The flashy Utah-based leasing firm that lent billions to First Brands
[FREE TO READ] Onset Financial called itself a ‘dominant force’ in financing everything from chickens to helicopters. It ended up as First Brands’ biggest creditor
on.ft.com
November 1, 2025 at 2:36 PM
And if you're not an FT subscriber, this gift link is good for 300 clicks.
Story with the great Jill R Shah, @ericgplatt.ft.com and @ortenca.bsky.social
on.ft.com/43GYfOR
Story with the great Jill R Shah, @ericgplatt.ft.com and @ortenca.bsky.social
on.ft.com/43GYfOR
Reposted by Ortenca
A few short weeks ago, Patrick James was scarcely known outside the murkier corners of credit markets. Now, with billions of dollars apparently missing, he is at the centre of a $12bn nightmare on Wall Street.
Full story w/ @ortenca.bsky.social and @ericgplatt.ft.com 👇
www.ft.com/content/8373...
Full story w/ @ortenca.bsky.social and @ericgplatt.ft.com 👇
www.ft.com/content/8373...
The secretive First Brands founder, his $12bn debt and the future of private credit
Patrick James borrowed billions — even after presiding over a string of failed businesses
www.ft.com
October 16, 2025 at 8:20 AM
A few short weeks ago, Patrick James was scarcely known outside the murkier corners of credit markets. Now, with billions of dollars apparently missing, he is at the centre of a $12bn nightmare on Wall Street.
Full story w/ @ortenca.bsky.social and @ericgplatt.ft.com 👇
www.ft.com/content/8373...
Full story w/ @ortenca.bsky.social and @ericgplatt.ft.com 👇
www.ft.com/content/8373...
Reposted by Ortenca
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
October 8, 2025 at 2:18 PM
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
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
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
October 6, 2025 at 4:37 PM
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
Full story w/ @ericgplatt.ft.com & @ortenca.bsky.social here: on.ft.com/430jWZT
Reposted by Ortenca
🚨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
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
September 25, 2025 at 11:48 AM
🚨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
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
Reposted by Ortenca
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.
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.
September 7, 2025 at 9:41 PM
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.
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
Milan’s expat ‘explosion’ brings new buzz to Italy’s financial centre on.ft.com/4mK03hM
Milan’s expat ‘explosion’ brings new buzz to Italy’s financial centre
Favourable tax regime is drawing wealthy newcomers and changing the city’s dynamic
on.ft.com
August 29, 2025 at 9:54 AM
Milan’s expat ‘explosion’ brings new buzz to Italy’s financial centre on.ft.com/4mK03hM
Reposted by Ortenca
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
August 26, 2025 at 2:04 AM
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
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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.
Analysis of radar satellite data shows rearmament on a historic scale, stretching over 7mn sq metres of new industrial development on.ft.com/3HsEbYG
August 12, 2025 at 5:35 AM
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.
Reposted by Ortenca
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
July 29, 2025 at 9:00 AM
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
Gazans Are Dying of Starvation www.nytimes.com/2025/07/24/w...
Gazans Are Dying of Starvation
www.nytimes.com
July 24, 2025 at 12:02 PM
Gazans Are Dying of Starvation www.nytimes.com/2025/07/24/w...
Reposted by Ortenca
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...
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...
July 23, 2025 at 6:40 PM
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...
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...
Reposted by Ortenca
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...
July 11, 2025 at 7:17 AM
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...
Absolute must read from @stephenfoleyft.bsky.social
on.ft.com/46fh6Tx Tony Blair’s staff took part in ‘Gaza Riviera’ project with BCG
on.ft.com/46fh6Tx Tony Blair’s staff took part in ‘Gaza Riviera’ project with BCG
Tony Blair’s staff took part in ‘Gaza Riviera’ project with BCG
Former UK prime minister’s institute participated in meetings on plan to turn shattered enclave into trading hub
on.ft.com
July 7, 2025 at 7:40 AM
Absolute must read from @stephenfoleyft.bsky.social
on.ft.com/46fh6Tx Tony Blair’s staff took part in ‘Gaza Riviera’ project with BCG
on.ft.com/46fh6Tx Tony Blair’s staff took part in ‘Gaza Riviera’ project with BCG
Reposted by Ortenca
Can HSBC cut its way to growth? - FT Big Read from @ortenca.bsky.social www.ft.com/content/61e8...
June 25, 2025 at 6:04 AM
Can HSBC cut its way to growth? - FT Big Read from @ortenca.bsky.social www.ft.com/content/61e8...
This is honestly better than White Lotus.
June 5, 2025 at 8:32 PM
This is honestly better than White Lotus.
👇🏼👇🏼👇🏼
Fish Ratings is on Bluesky! Follow us for in-depth ratings of gill-endowed water-dwellers on an arbitrary scale, now powered by AI™ (Aquatic Intelligence).
fishratings.com/2025/05/12/y...
fishratings.com/2025/05/12/y...
You now have access to Fish Ratings PRO!
Dear subscriber, Your access to Fish Ratings has been discontinued. But don’t worry, you now have access to Fish Ratings PRO, powered by AI (Aquatic Intelligence™)! At Fish Ratings, we’…
fishratings.com
May 12, 2025 at 8:39 PM
👇🏼👇🏼👇🏼
Citi del Sol: How the party ended for Wall Street bank’s Málaga experiment
Citi del Sol: How the party ended for Wall Street bank’s Málaga experiment
‘They sold us the dream but the reality was much more different,’ said one employee
on.ft.com
May 3, 2025 at 6:46 AM
Citi del Sol: How the party ended for Wall Street bank’s Málaga experiment
Reposted by Ortenca
great piece from @ortenca.bsky.social on financial-fixer-par-excellence Ian Osborne's links to Jeffrey Epstein www.ft.com/content/cb43...
Ian Osborne: fixer to the rich and powerful behind Epstein’s ‘Project Jes’
A court case in London reveals messages mounting a campaign to install Jes Staley as CEO of Barclays bank
www.ft.com
April 22, 2025 at 2:55 PM
great piece from @ortenca.bsky.social on financial-fixer-par-excellence Ian Osborne's links to Jeffrey Epstein www.ft.com/content/cb43...
Reposted by Ortenca
Jes Staley awaits judgment in courtroom battle over ‘Uncle Jeffrey’ Epstein
https://www.ft.com/content/f5e23b51-05ae-45e2-b300-0794d5c3b04f
https://www.ft.com/content/f5e23b51-05ae-45e2-b300-0794d5c3b04f
Jes Staley awaits judgment in courtroom battle over ‘Uncle Jeffrey’ Epstein
The former Barclays chief tried to clear his name in a high-profile challenge against the FCA. Was it worth it?
www.ft.com
April 5, 2025 at 12:14 PM
Jes Staley awaits judgment in courtroom battle over ‘Uncle Jeffrey’ Epstein
https://www.ft.com/content/f5e23b51-05ae-45e2-b300-0794d5c3b04f
https://www.ft.com/content/f5e23b51-05ae-45e2-b300-0794d5c3b04f
We delved into structural hedging and why all the banks are talking about it now.
www.ft.com/content/d58a...
www.ft.com/content/d58a...
‘The caterpillar’: British banks’ £50bn answer to falling rates
The UK’s largest high street lenders have deployed hedging strategies to smooth volatile earnings
www.ft.com
March 20, 2025 at 1:10 PM
We delved into structural hedging and why all the banks are talking about it now.
www.ft.com/content/d58a...
www.ft.com/content/d58a...
Reposted by Ortenca
“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.”
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
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
March 14, 2025 at 6:55 AM
“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.”
Reposted by Ortenca
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
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
March 14, 2025 at 1:22 AM
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
w/ @bondhack.ft.com @ortenca.bsky.social
on.ft.com/3DTv1m6
Reposted by Ortenca
Todays FT front page story by @ortenca.bsky.social
March 13, 2025 at 8:47 AM
Todays FT front page story by @ortenca.bsky.social