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...Apollo has sold a stake in the lending business it acquired from Credit Suisse last year shortly before the Swiss bank’s shotgun rescue by UBS, securing a multibillion-dollar investment from one of the US...
...So far, its lending has funded 1,800 homes. It has financed projects including 316 rental homes in Bath and a joint loan with insurance group Generali for 65 homes for sale in Canary Wharf....
...The China Securities Regulatory Commission said forced selling due to margin calls had not been a major driver of share price falls in the country’s stock market this year....
...But security guards at both locations said there was no company with that name in those buildings....
...“Whether there will be cuts in LPR now depends on whether banks can lower their funding costs,” said Ming Ming, analyst with Citic Securities....
...The announcement marks the largest cut to the five-year lending rate since it was introduced in 2019....
...Its marginal lending facility rate, for overnight lending, will remain 0.25 percentage points above its refinancing rate....
...Meanwhile, bank lending has been constrained for regulatory reasons. The result is secured corporate lending that has migrated to the securities market or asset managers....
...China’s CSI 300 fell about 0.1 per cent, having declined as much as 0.7 per cent in early trading. The PBoC announced it would hold its medium-term lending facility rate steady at 2.5 per cent....
...In a Bloomberg poll, 14 out of 18 economists had expected a cut of at least 0.1 per cent....
...The move to raise $500m in art-backed securities comes at a moment of deep distrust of Drahi in the bond market, however....
...The company made an unexpected bid for Credit Suisse’s Chinese securities unit in February and is working to rapidly expand its international payments business in search of growth in the post-Ma era....
...Problems among the country’s host of regional banks could exacerbate the difficulties of the world’s second-biggest economy by restricting lending at a crucial time....
...The Bank of England began incrementally raising its base interest rate at the end of 2021 from 0.1 per cent. It has since climbed to 5.25 per cent....
...The Reserve Bank of India said it found “serious deficiencies” in IT risk and security governance over two consecutive years at Kotak Mahindra, a prominent private sector lender that was founded by Uday...
...Gemini, the crypto exchange founded by the Winkelvoss twins, has agreed to return at least $1.1bn to customers who invested in its flagship crypto lending product and were unable to withdraw their money...
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...PNC, the Pittsburgh-based regional lender, reported that lending dropped by $4bn or 1 per cent....
...towards debt securities....
...On the latter, this cohort holds about $1.5tn in assets and $1.1tn in net loans (~3%); by major sector they account for 1-2% of C&I and mortgage debt, less than 1% of consumer, and 10-25% of CRE loans (dependent...
...Total gross new mortgage lending fell to £5.2bn in the period, compared with £9.9bn a year earlier....
...HYGH lost just 1 per cent, with its 85bp of lending revenues almost twice its 51bp fee....
...stakes in listed companies were forbidden from lending out those shares for short selling during an initial lock-up period....
...In fact, the FICC group profited most from its lending activities to hedge funds and the like....
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