Hints and tips:
...These customers carry lower costs of capital than banks, making them a good home for many loans, Gray told the FT last May....
...The ill-fated 2007 €9bn acquisition of rival Antonveneta from Spanish lender Santander kicked off a series of misfortunes for MPS, the most recent episode of which being a failed takeover deal after UniCredit...
...Yet the backstop is still in place for a series of loans the finance firm made to smaller businesses such as Special Needs Group....
...Cayne failed to strike a deal for new equity for Bear Stearns during the summer and fall of 2007 — he had been negotiating with Citic Securities, in China — when the new capital might have saved the firm...
...Steve TanPartnerRajah & Tann Steve Tan joined the firm in 2007 as equity partner in its technology, media and telecommunications practice in Singapore....
...The Paces were among 10,507 borrowers whose home loans Countrywide packed into a set of securities called the CWABS Asset-Backed Certificates Trust 2005-11....
...Many Indian entrepreneurs have been slowing organic expansion at home and boosting foreign buyouts, such as UPL Corp’s takeover of US-based Arysta LifeScience....
...That has definitely affected my level of security. I am also more cautious. I don’t think people my age are as comfortable taking out loans to buy houses and cars....
...Much of that is in home loans. Bank of Canada’s official numbers show that non-banks — trusts, credit unions and other financial institutions — held C$313bn of residential mortgage credit in December....
...Such loans are known as “qualified mortgages”, or QM, and they account for the vast majority of America’s home-loan market....
...Apax Partners, the private equity firm, has made a number of appointments ahead of its first digital fund, Private Equity News reported....
...At Noble it became a large part of its shareholder equity....
...The US government currently guarantees about 80 per cent of new home loans and investors remain wary of buying private-label mortgage-backed securities (MBS) given fallout from the crisis and uncertainty...
...They’d been worried for weeks about the losses they were facing on U.S. home loans....
...And they have to take more on trust. They do take more on trust, and such trust can change more quickly....
...At the same time, Citi has built up its own franchise, incorporating locally in 2007 and heeding regulators’ concerns about inadequately served rural communities by opening a series of branches in smaller...
...BofA will acquire the stake through its private equity arm, although the loan was originated by its real estate finance team when Mr Tchenguiz acquired the business in 2007....
...The provision for credit losses declined to $12.2bn in the period, compared with $21.9bn in the third quarter, because Fannie increased purchases from mortgage backed securities trusts of loans that it later...
...That CDO, assembled by Goldman in March 2006, contained mortgage securities underpinned by subprime home loans originated by firms such as Countrywide and New Century Mortgage Corp., one of the first subprime...
...CIC has made a rapid series of investments in commodity-related companies in recent months....
...In 1982, for example, housing was crushed by high interest rates, so when the Fed eased up, home sales surged....
...Soured home loans drained $3.4 billion, an increase of 89 percent....
...As a result, Lehman, a bank with a little more than $20bn in equity at the time, joined Tishman Speyer, a developer, and Bank of America to spend $15bn on Archstone-Smith Trust, a property investment company...
...Four securities class action cases relating to equity and debt securities: In re Countrywide Financial Corp....
...When New Century Financial’s shares were suspended from trading in New York in early March 2007, no one still doubted that the US subprime mortgage sector was in real trouble....
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