@margotpatrick

Reporter for WSJ in London. Money - Power - Crime. [email protected]

 London
wsj.com/news/author/margot-patrick
Joined May 2013
  • Tweets4.5K
  • Following609
  • Followers3.3K
26Media
Margot Patrick retweeted
Daniel Ahmad
@ZhugeEXJul 5
Surprising (not really) stat from the new UBS Global Wealth Report 2026. The US ranks #2 when you look at average (mean) wealth per adult, but drops to #28 when you look at the median. ubs.com/content/dam/assets/w…
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Margot Patrick retweeted
Gunjan Banerji
@GunjanJSMar 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
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Local partners for the Trump Organization’s Vietnam “mega project” have a history of failed projects and exaggerated business claims on.wsj.com/4ppVdqQ

Inside the Trump Organization’s Slow-Moving Vietnam ‘Mega Project’

Local partners for the $1.5 billion golf resort have a history of failed projects and exaggerated business claims.

wsj.com
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A tip left on a corporate hotline led to the ouster of the Nestlé CEO. For affairs or minor office annoyances, operators are standing by. wsj.com/business/nestle-empl… @laurenweberWSJ @margotpatrick @ChipCutter @WSJ
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Chinese money launderers appear to have moved some $312 billion in illicit transactions through U.S. banks and other financial institutions in recent years to aid Mexican drug cartels and other criminals, the Treasury Department said on.wsj.com/3JFmXZ2

Chinese Money Launderers Are Moving Billions Through U.S. Banks

The black market for U.S. cash may have driven as much as $312 billion in illicit money flows through financial institutions.

wsj.com
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Margot Patrick retweeted
Russell Adams@radamsWSJ16 Jul 2025
The hottest place in London is almost always the Tube. And it’s only getting hotter. @AnveeBhutani's latest A-hed. wsj.com/world/the-london-tub… via @WSJ

The London Tube ‘Feels Like Hell.’ Efforts to Cool It Just Make It Hotter.

Temperatures have been rising since the world’s oldest underground transportation system opened in 1863, presenting challenges that air conditioning can’t easily fix.

wsj.com
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Evan Gershkovich is innocent. Evan is a staff reporter of The Wall Street Journal and as we watch these baseless proceedings play out, we must not let anyone, or any government, suggest otherwise. The time to bring Evan home is now #JournalismIsNotACrime #IStandWithEvan #FreeEvan
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Margot Patrick retweeted
Paul Davies@PaulJDavies6 Jun 2024
Excellent piece here from @dawnmlim and Miles Weiss>> PE giants have used margin loans to super-charge returns for years. Now, they face a $50 billion reckoning bloomberg.com/news/articles/… via @markets

Private Equity’s Latest Move to Gin Up Cash: Borrowing Against Its Stock Holdings

Cinven’s clients got some unwelcome news last year: the buyout firm’s financing tied to a lab-testing company wasn’t going well. Instead of getting a windfall, clients had to ante up more cash.

bloomberg.com
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It’s been exactly 14 months. That’s 14 months of Evan not seeing his family and friends. It’s 14 months of him not bearing witness through his incredible journalism. It’s 14 months of his life in a tiny Moscow prison cell. It’s an absolute outrage. #IStandWithEvan
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Margot Patrick retweeted
Brian Stelter
@brianstelter29 Mar 2024
Via the Reliable Sources newsletter: This is the stop-in-your-tracks front page of Friday's Wall Street Journal, marking the one-year anniversary of Evan Gershkovich's detention (cnn.it/3TBLHme)
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Team #SwimForEvan was out in full force last weekend, braving the elements in 10 different Brighton beaches around the world-from New Zealand to Canada via South Africa--in tribute of Evan's love of Brighton beaches in Brooklyn and England ❤️ #FreeEvan strava.com/clubs/1161501/pos…
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Margot Patrick retweeted
Steven Kelly@StevenKelly4921 Mar 2024
Now we have confirmation from the SNB itself: it drew on the Fed's FIMA facility to provide FX to Credit Suisse. Here's something: the SNB—which drew $60 billion from the facility—says it had to post $75 billion of Treasury collateral. ??
Steven Kelly@StevenKelly4919 Dec 2023
Reuters confirms what was evident in the public data but not confirmable: it was the Swiss National Bank that drew on the on the Fed's FIMA Repo Facility for $60 billion in March. Prior and since, that facility has never exceeded $1.5 billion.
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Margot Patrick retweeted
Eliot Brown@eliotwb28 Feb 2024
336 days a hostage in Russia End this nightmare Free Evan Free Evan Free Evan Free Evan Free Evan Free Evan Free Evan Free Evan Free Evan Free Evan Free Evan Free Evan Free Evan Free Evan Free Evan Free Evan Free Evan Free Evan Free Evan Free Evan freegershkovich.com/
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An absolute MUST READ on Bloom today about the private credit market. In a nutshell - ppl invest because there's no trade so pricess don't move (artifically low vol) - marks in funds are all over the place - private funds mark higher than regular mutual funds who own the same
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The strength it must take my @WSJ colleague #EvanGershkovich to smile as a Moscow court once again upheld his detention on bogus charges. Evan was just doing his job as a journalist. Free him now! #IStandWithEvan
Polina Ivanova@polinaivanovva20 Feb 2024
Our friend in court today in Moscow, as his jailers upheld yet another extension of his arrest, days after Alexei Navalny died - was killed - in a prison in the Russian Arctic. A lot. FREE EVAN GERSHKOVICH #FreeEvan
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It’s Monday, December 25. Wall Street Journal reporter Evan Gershkovich was detained by the Russian FSB on March 29, 2023. 271 days ago. His “crime” was practicing journalism in Russia. RELEASE HIM NOW! #IStandWithEvan
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Russian oligarch Roman Abramovich said he would donate billions of dollars of proceeds from the sale of Chelsea FC to Ukraine victims. Now that money is frozen in a U.K. bank account. on.wsj.com/3vbwXSg on.wsj.com/3vbwXSg

Abramovich Pledged $3 Billion for Ukraine War Victims. The Money Is Frozen in the U.K.

Funds from the sale of Chelsea FC are sitting in a U.K. bank account amid a dispute between the oligarch and the U.K. government

wsj.com
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Today and everyday we stand with our fiercely talented reporter and friend, Evan Gershkovich. His continued detention by Russia is an absolute outrage. We need his byline back in the @WSJ instead of his photo. #IStandWithEvan
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Margot Patrick retweeted
Ben Eisen@BenEisen30 Sep 2023
Greg Beckett was a 46-year-old Wells Fargo employee. His life seemed to be going well. He ended it in January by jumping from the bank's 14th floor. This was a tough story to write. I hope you will spend a few minutes reading about Greg. wsj.com/business/greg-becket…

Greg Beckett’s Life Seemed to Be Going Well. Then He Ended It at Work.

A rise in workplace suicides has put companies on the front lines of a mental-health crisis.

wsj.com
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Margot Patrick retweeted
Max Colchester@MaximColch25 Sep 2023
There's a lot of talk of seizing Russian oligarch wealth. Antigua did just that, confiscating a $120 million yacht. Now taxpayers on the tiny island are forking out $28,000 a week to maintain a vast boat they can't sell. Crazy story: wsj.com/world/europe/taxpaye…

Taxpayers Stuck Paying the Bills for Oligarchs’ Seized Yachts and Mansions

Assets taken from sanctioned Russian billionaires are costly to maintain as legal hurdles hold up sales; $28,000 a week to keep mold out of the Alfa Nero.

wsj.com
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