Hints and tips:
Related Special Reports
...These debts include mortgages and loans for cars, rental equipment and yachts....
...Discover would have been more difficult to get through regulators than the tie-up Discover ultimately struck with Capital One last month, because JPMorgan is already the biggest US credit card lender by loans...
...Public records show that the Delaware-registered entity Son used to buy the property, SV Projects LLC, mortgaged the house to secure a ¥10bn loan — worth $92mn at the time — from Japanese bank Mizuho to...
...“This has been a big theme this year in auto; everyone has had to step back from the euphoria”....
...While it has a credit card loan book of $137bn, it also has issued a significant volume of auto and commercial loans....
...enough lithium to supply 800,000 electric vehicles.The lithium deposit, which Lithium Americas says is the US’s largest, will help to reduce the US auto industry’s reliance on China for the EV battery material...
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...Auto loans have been a bright spot for them amid a sluggish recovery in broader loan growth. But cracks are appearing. Loan delinquency is rising and used-car prices are falling....
...Michael Rhodes, who joined Discover in December, is headed to Ally Financial, where he will be chief executive of the financial services company that has long specialised in auto loans....
...Michael Rhodes, who only joined Discover in December, is headed to Ally Financial, where he will be CEO of the financial services company, which has long specialised in auto loans....
...The formation of CLOs [collateralised loan obligations, the main buyer of leveraged loans] started coming back in November, December and January....
...Don Hankey, a Los Angeles-based subprime auto loan billionaire, has said two of his biggest early-career mistakes were to only do business with honest people and to trust his gut to pick those people out...
...Its loan is convertible into Viavi stock at $10.22. Viavi’s stock opened higher than that on Tuesday....
...Tu Le, founder of Sino Auto Insights, said the US still led China in several of the technologies underpinning key areas of autonomous driving including machine learning and sensors....
...The “flow” rates into serious delinquency for credit card and auto loans “are still rising above pre-pandemic levels”, said Wilbert van der Klaauw, a research adviser at the New York Fed....
...Here’s a telling Barclays chart from a great post Alex wrote last week on the ∾ cough ∾ curiously divergent marking of some BDC loans....
...Within that total are consumer and auto loans, student debt, equipment finance and even more newfangled products such as music royalties. Banks will not be completely displaced....
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome loans in favour of a cheaper alternative, according to data from Bank of America....
...He posted it earlier this month, backed by Knight, one of several companies owned by Los Angeles-based subprime auto loan billionaire Don Hankey, which does not have the required “certificate of qualification...
...Citi was also a leader on a $310mn loan to Sunbit, a buy-now, pay-later company that specialises in auto repair shops and dentist offices....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...“Honestly, we feel like there’s an opportunity for a company from Vietnam like us to be a global company when the auto industry is going through a very structural change,” Thuy said....
...Amer said in its filing that it intended to use the proceeds of any transaction to pay off outstanding shareholder loans....
...Banks could be at risk too; lower rates would pinch net interest margins, already at record lows, without doing much to curb the pipeline of bad property loans....
...the loan....
International Edition