- Letter of Intent
- ☕️Memelord Unmasked
Litquidity has revealed his true identity.
The character behind what is arguably the most well-known and loved (by 820k Instagram followers) finmeme brand, Litquidity, has finally revealed his identity. Hank Medina is the 32-year-old who, having graduated from Cornell, did stints at Jefferies, Wexford Capital and Deutsche Bank before pursuing the ‘Lit’ brand full-time. It’s strangely comforting to know that ‘Hank from DB’ is the man behind the brutal takes on everything from the minutiae of high-finance to office-wear etiquette.
Finmeme-culture connoisseurs among us will also appreciate that while Medina claims he is “not a country club guy,” his latest venture, a private members Bond Raquet and Wellness Club, proves the adage; once a finance bro, always a finance bro.
ASX as at market close. Commodities and crypto in USD.
🏆 LOI Subscriber #TBD
Santos shares slid 8% in morning trading on Wednesday, recovering 2% to close at $7.41, after both Santos and Woodside called off discussions over a potential merger. The two companies spent three months in talks to create a $80 billion liquefied natural gas behemoth that would have almost completely consolidated the country’s LNG sector. In a statement, Santos said that “sufficient combination benefits were not identified to support a merger.”
The quick sync
Omnia Chambers is bucking tradition by upending the typical funding model to lower the barrier to entry for barristers. (Capital Brief)
The Tax Office made several attempts to sideline the board chief executive, Michael O’Neill, due to his team’s involvement in investigation PwC. (AFR)
Chinese stock trading surged to a five-month high, after Beijing increased buying led by the country’s “national team” of state-run institutions. (Financial Times)
Is corporate Australia ready for the impending reporting regime for climate related risks? (Capital Brief)
The government’s decision to reject additional Qatar flights harmed Australian consumers, Allan Fels’ price gouging report finds. (Capital Brief)
Uber reported its first full year of operating profits as a public company in 2023, projecting continued growth in Q1 2024 and marking a shift away from its era of growth over profits. (Wall Street Journal)
Advent Partners invests in RMS Cloud, its second acquisition of the year. (AFR)
Fletcher Building and APM face investor concerns. (The Australian)
Anticipation builds over the potential sale of Craveable Brands, owner of Red Rooster. (AFR)
Mineral Resources collaborates with JP Morgan to sell 49% stake in haul road corridor. (AFR)
Santos pressured to explore LNG spin-off after talks with Woodside collapse. (AFR)