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☆ Robert Battle Had a Wide Vision of What Alvin Ailey Could Be
▼ + stars: | 2023-11-28 | by ( Gia Kourlas | More About Gia Kourlas | ) www.nytimes.com time to read: +1 min

“Roy’s Joys,” set to recordings by Roy Eldridge, is abundant with layers of vernacular dance, ballet and modern — everything to grow a company of dancers, and grow they did under Battle. That mix of new and the unexpected old was also important in the bigger picture of dance — “Roy’s Joys” (1997) was granted a second, much-needed life at Ailey. Alvin Ailey studied with Martha Graham; Taylor was in her company. I’ll never forget the invigorating sight of Ailey dancers performing Taylor’s “Arden Court,” a bold, crisp example of showing them, as he said, in new ways. But Battle branched out, and as he dusted off the Ailey company, he led it into the 21st century with a public persona that was as fresh as his artistic agenda.

Persons: Lazarus, ”, Rennie Harris, Twyla Tharp, Roy Eldridge, Ailey, Carolyn Adams, Paul Taylor, Alvin Ailey, Martha Graham, Taylor, I’ll, Taylor’s “ Organizations: Ailey, Center Locations: Taylor’s “ Arden

☆ At Paul Taylor, a Drum Circle and a Fierce Sisterhood
▼ + stars: | 2023-11-06 | by ( Brian Seibert | ) www.nytimes.com time to read: +2 min

It’s easy to imagine what Keigwin was after: introducing the noise-making excitation of a percussive score and flaunting its liveness. For a better use of a percussive score, Taylor audiences can look this season to Ulysses Dove’s “Vespers,” which the company debuted on Saturday. It begins with a woman sitting on a cafe chair, and the way that Jada Pearman sits up straight speaks volumes. The six Taylor women — especially Pearman and Madelyn Ho, who are having breakthrough seasons — become one fierce sisterhood. Where “Vespers” shows how a percussive score can be effectively channeled, Lauren Lovette’s new “Echo” shows how sharing focus with live musicians can work.

Persons: Taylor, Ulysses Dove’s, Alvin Ailey, Jada Pearman, Mikel Rouse’s, —, Madelyn Ho, Lauren Lovette’s, Kevin Puts’s Organizations: Dayton Contemporary Dance Company, Alvin Ailey American Dance, Orchestra of St Locations: Luke’s

☆ At Paul Taylor, the Music Calls for a Dance. The Men Respond.
▼ + stars: | 2023-11-03 | by ( Gia Kourlas | More About Gia Kourlas | ) www.nytimes.com time to read: +1 min

It’s not a race, but Lauren Lovette seems to be running, not walking, to create a body of work for the Paul Taylor Dance Company. Last year, after becoming Taylor’s resident choreographer, she presented two new works; this week, as part of the Taylor season at Lincoln Center, she added two more, including the world premiere of “Echo” on Thursday. Dancers, all men, mainly bare chested, began a gliding procession toward the stage, migrating along all the pathways of the theater — the sides, the aisles. This kind of offbeat entrance isn’t exactly new to dance, but Lovette used it in a meaningful way: It was almost primal, as if the music were calling for the dance. One couldn’t exist without the other in this artistic reverberation or, as she named it, echo.

Persons: It’s, Lauren Lovette, Paul Taylor, ”, David H, Shawn Lesniak, Kevin Puts’s Organizations: Paul Taylor Dance Company, Lincoln Center, Koch, “ Fame, ”, Orchestra of St Locations: “, Luke’s

☆ How Julie Ertz Got Her Game Back
▼ + stars: | 2023-07-16 | by ( Claire Fahy | More About Claire Fahy | ) www.nytimes.com time to read: +1 min

More important, Ertz, who was 30 when Madden was born, wanted to gauge her progress discreetly before she made any promises to the national team. Ertz was in Phoenix, which is her hometown and where her husband, Zach, plays tight end for the Arizona Cardinals. Taylor and Midkiff connected Ertz with Phoenix Rising, a United Soccer League club with a Major League Soccer Academy program. Ertz arranged to begin training with the club’s under-19 team in February. When Taylor informed the boys on the team that Julie Ertz would be coming to practice, many of the players greeted the news with blank stares.

Persons: Julie Ertz, Madden, Ertz, Zach, Paul Taylor, Matt Midkiff, Taylor, Midkiff Organizations: Arizona Cardinals, Phoenix, United Soccer League, Major League Soccer Academy Locations: Phoenix

☆ PacWest sells $3.5 billion loan portfolio to asset manager Ares
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +2 min

June 26 (Reuters) - PacWest Bancorp (PACW.O) unveiled a deal on Monday to sell a $3.54 billion lender finance portfolio to asset manager Ares Management (ARES.N), its latest move to strengthen its balance sheet after it was rocked by the U.S. regional banking crisis. The deal, which helped drive up PacWest shares by more than 6%, came after it said in May it was evaluating asset sales. As a result, PacWest turned to asset sales. Reuters GraphicsPacWest said the lender finance portfolio consisted of high-quality, asset-backed loans from a variety of borrowers. PacWest said it fetched $2.01 billion from selling the first part of its lender finance portfolio, with further tranches to close later.

Persons: Ares Management, Paul Taylor, PacWest, Christopher McGratty, Reuters Graphics PacWest, Banks, Blackstone, Ares, Niket, David French, Shinjini Ganguli, Matthew Lewis Organizations: PacWest Bancorp, U.S, Federal, Reuters Graphics, Barclays, Thomson Locations: KBW, Bengaluru, New York

☆ PacWest sells $3.5 bln loan portfolio to asset management firm Ares
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +2 min

June 26 (Reuters) - PacWest Bancorp (PACW.O) said on Monday it was selling a $3.54 billion lender finance loan portfolio to Ares Management (ARES.N), in an attempt to boost liquidity at the U.S. regional lender, sending its shares up 7% in premarket trading. Since late May, Los Angeles-based PacWest has also sold its real estate lending unit and a huge chunk of its real estate loans. Through sale of such loans, some regional banks in the United States are trying to shore up capital and build investor confidence after a recent banking crisis. PacWest fetched $2.01 billion in proceeds from sale of the first part of its lender finance loan portfolio, it said in a filing with the U.S. Securities and Exchange Commission. Its lender finance arm provided loans to small business lenders, commercial real estate lenders and consumer lenders.

Persons: PacWest, Paul Taylor, Blackstone, Ares, Niket, Shilpi Majumdar, Shinjini Organizations: PacWest Bancorp, Ares Management, U.S, Federal Reserve, U.S . Securities, Exchange Commission, Barclays, Thomson Locations: Los Angeles, United States, Bengaluru

☆ Robert Gottlieb Didn’t Just Shape Manuscripts. He Shaped Dance, Too.
▼ + stars: | 2023-06-23 | by ( Alastair Macaulay | ) www.nytimes.com time to read: +1 min

The world of letters has been mourning Robert Gottlieb, who died last week at 92, as a reader and editor of qualities that became legendary. The world of dance has been mourning him as well. He neither performed nor choreographed, but he played a major role, often behind the scenes, in fostering American dance. He ran influential works of dance criticism as editor of The New Yorker, and he later became a dance critic himself for The New York Observer. Perhaps less widely known was the key role he played behind the scenes at New York City Ballet, where he served on the board of directors.

Persons: Robert Gottlieb, Alfred A ., Mikhail Baryshnikov, Arlene Croce, Margot Fonteyn, Lincoln Kirstein, Natalia Makarova, Paul Taylor, “, Alfred Knopf, ”, ” Gottlieb —, Bob, —, George Balanchine, Balanchine Organizations: Alfred A . Knopf, Yorker, The New York Observer, New York City Ballet, The, City Center, Ballet Society, City Ballet, Sadler’s, Ballet, Metropolitan Opera House Locations: New

☆ Intesa launches cloud-based Isybank in digital push
▼ + stars: | 2023-06-15 | by ( Vaibhav Sadhamta | ) www.reuters.com time to read: +2 min

Isybank is powered by cloud technology provided by Britain's ThoughtMachine, a cloud-native banking technology firm. High-street banks globally face a big challenge in replacing their existing core IT infrastructure, known as mainframe, with cloud technology. Legacy systems pose a major hurdle, while the task is easy for challenger banks built from scratch on cloud technology. Intesa Sanpaolo has forecast its new digital bank would save around 800 million euros a year in 2026-2027, up from 600 million euros in 2025, according to a strategy presentation delivered in February last year. Isybank targets some 4 million Intesa customers who generate around 200 million euros in revenues a year and could become more profitable for the bank if shifted away from branches given they already only use digital bank services.

Persons: Britain's ThoughtMachine, Paul Taylor, Intesa, Intesa Sanpaolo, Carlo Messina, Stefano Barrese, Valentina Za, Conor Humphries Organizations: MILAN, Google, Thomson Locations: Italy's, Italy, Europe

☆ Premarket stocks: The Fed could be on the verge of repeating its 1970s mistake
▼ + stars: | 2023-05-08 | by ( Julia Horowitz | ) edition.cnn.com time to read: +6 min

But Gary Richardson, a Federal Reserve historian, is worried policymakers — now contemplating taking a breather — still risk repeating mistakes from that era. A premature retreat could cause the Fed to lose its handle on the situation, presenting even grimmer options down the road. Quick rewind: The chair of the Federal Reserve at the time, Arthur Burns, hiked interest rates dramatically between 1972 and 1974. Inflation later roared back, forcing the hand of Paul Volcker, who took over at the Fed in 1979, Richardson said. But the comparisons reveal the high stakes for the Federal Reserve at a moment of acute uncertainty.

☆ Regional banks rebound for a second day as PacWest cuts dividend, says business 'fundamentally sound'
▼ + stars: | 2023-05-08 | by ( Yun Li | ) www.cnbc.com time to read: 1 min

PacWest Bankcorp led a relief rally in regional banks again on Monday, after the struggling lender slashed dividend to build capital amid the banking crisis. PacWest CEO Paul Taylor reassured investors that the bank's businesses remains "fundamentally sound." Other regional banks also rebounded for a second day. The SPDR S&P Regional Banking ETF (KRE) rose by 2.8% in premarket, following a 6.3% rally Friday. Western Alliance jumped 8% in premarket Monday after gaining 49% in the previous session, and Zions Bancorp rose 4% Monday.

☆ PacWest is the latest bank whose future is in question after reports it's weighing a sale sent shares tumbling over 50%
▼ + stars: | 2023-05-04 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

The news sent PacWest's share price down 52.5% to $3.05 apiece in after-hours trade on Wednesday. PacWest Bancorp is the latest regional bank to be hit by uncertainty following media reports it is considering a range of strategic options — including a sale. Wednesday's rout in PacWest shares marked its fifth straight day of stock price slide. The shares had plunged by 26% on Tuesday amid a broad sell-off in regional bank stocks, two days after First Republic Bank failed and was taken over by the Federal Deposit Insurance Corporation. PacWest shares closed 2% lower at $6.42 apiece on Wednesday and are down 72% so far this year.

☆ Insiders in the banking sector scoop up shares during spreading crisis
▼ + stars: | 2023-03-22 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Insiders in the banking sector snapped up shares of their own companies in what could be a show of faith as the unfolding crisis sent stocks sharply lower. The collapse of Silicon Valley Bank, Signature Bank and Silvergate Capital prompted regulators to provide emergency rescue actions that calmed immediate funding concerns. Stephens Bank said about 40% of banks in its coverage have disclosed insider purchases since March 6. A total of 11 insiders at Valley National Bancorp bought shares in the past two weeks, including purchases by its CEO and several directors. PacWest shares have rebounded 9% this week, but are still down 63% this month.

PacWest is considering a range of options to bolster its coffers and there is no certainty that any deal will materialize, the sources said. The details of the liquidity boost under discussion could not be learned. PacWest shares jumped on the news of the discussions for a liquidity boost, rising 22% to $13.91 in afternoon trading in New York on Thursday, giving the bank a market capitalization of about $1.6 billion. Based in Los Angeles, PacWest is a community bank serving small and venture-backed businesses, primarily in California. It is not clear how much in deposits PacWest has lost in the U.S. regional bank crisis that has led to U.S. regulators taking over Silicon Valley Bank and Signature Bank (SBNY.O).

☆ Intesa staff to test new digital business from March
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +2 min

MILAN, Feb 20 (Reuters) - Italy's biggest bank Intesa Sanpaolo (ISP.MI) has told staff they can sign up to test from March 1 the app for the new digital lender it is setting up with British fintech Thought Machine, an internal document showed. Intesa last year unveiled plans to invest 5 billion euros ($5.3 billion) in technology under its 2022-2025 strategy, of which 650 million is destined to create its new digital arm called Isybank. Intesa has struck a five year partnership with Thought Machine, founder and CEO Paul Taylor told Reuters, making the Italian bank one of the biggest customers of the UK firm. Thought Machine will provide Isybank with the cloud infrastructure to serve 4 million customers under 40 who Intesa intends to migrate to online and mobile banking services. The trial phase would subsequently be expanded to include a wider group beyond staff members, the document reviewed by Reuters said.

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