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...Many of the businesses now underwrite their own debt deals, lending either directly to companies or against a host of assets....
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...New York Community Bancorp and its chief risk officer parted ways shortly before the regional US lender reported larger than expected losses from real estate lending that hammered the bank’s stock....
...Deutsche Bank has hired Alexandre Lotfi as head of wealth management lending for the UK and central Europe at its private bank. He previously worked for the Bank of Singapore....
...The central bank’s “pledged supplementary lending” programme, a quasi-fiscal facility for cut-price loans used in past stimulus pushes, increased the pace of lending 12 per cent in December....
...The prospectus is careful to note that Sotheby’s lending arm did not get swept up in the recent boom and bust in digital artwork, however: SFS does not originate loans secured by a non-fungible token or...
...Those firms have attracted funds as more stringent regulation following the financial crisis meant banks pulled back from lending to small and medium-sized businesses in the US and Europe....
...The banks had warned investors in January that these profits from lending — so-called net interest income — would come down in 2024 with the anticipation of several rate cuts and savers moving money to higher-paying...
...Biz2Credit has struck a deal to feed Magnati’s real-time payments data into artificial intelligence models on its lending platform....
...From Bloomberg overnight: Citi Is in Talks to Start New Private Credit Strategy by Early 2024 Citigroup Inc. is in discussions to start a new direct-lending strategy by early January, the latest in a series...
...Investors pulled record sums from corporate bond exchange traded funds and pumped money into lower-risk government equivalents last month as benchmark lending rates soared to 16-year highs....
...Chang’s and business technology provider Computer Services Inc....
...Consensus forecast expects Rocket to swing back to a net income of $613mn this year and $1.2bn in 2025....
...And if Micro Connect’s financing were to be reclassified as lending, he would face caps on how much money stores could repay. Sceptics have compared his model to outlawed peer-to-peer lending....
...Slowing growth in lending risks curbing a key driver of profits for the big US banks when they begin reporting third-quarter earnings this week....
...What we’ve seen so far and what the press is focused on is levered lending, which, as I said, is a fraction of a fraction. I think we’re going to be talking about this for the next 10 years.”...
...Lending, one area keeping rainmakers in place, has fallen off in demand as higher interest rates makes leveraging assets less attractive....
...Revenues from corporate lending dropped 26 per cent, however, as higher interest rates dented demand for borrowing. A drop in market volatility at the end of the year also hurt the bank’s traders....
...The business would expand Citi’s business in China, which already includes corporate lending and other banking services....
...The loss followed an ill-fated foray by Julius Baer into private lending, a business that chair Romeo Lacher said had grown much quicker than its risk systems could cope with....
...The yield on the 10-year note fell to 3.82 per cent, its lowest level in a month, as traders fretted about how possible constraints on lending may affect US growth....
...The niche jargon actually describes lending that is not controlled by banks. Instead, investors are marshalled by alternative asset managers such as Apollo, Blackstone and Brookfield....
...Citi is a lesser player in small business lending compared with rivals such as JPMorgan Chase and Wells Fargo....
...That appetite is beginning to return as banks look to bolster relatively modest advisory and lending revenues, and as they grow more confident that companies and private equity groups will be able to weather...
...The executives were speaking after their banks reported fourth-quarter earnings that showed that their lending businesses had benefited significantly from higher interest rates....
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