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...Those deals, including loans to software maker Citrix, telecoms company Brightspeed and auto-parts maker Tenneco, have limited their ability to provide new debt....
...While it has a credit card loan book of $137bn, it also has issued a significant volume of auto and commercial loans....
...Many of the bigger companies going bust last year were fashion retailers, transport providers, real estate companies and auto suppliers....
...Pham Nhat Vuong, chair of VinFast Auto, has added billions of dollars to his net worth thanks to the success of the Vietnamese electric-vehicle maker’s New York listing....
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...Same thing with auto lending. The one shoe that hasn’t dropped yet are cap rates and debt yields on commercial real estate....
...Goldman Sachs, Bank of America, Credit Suisse, Elliott and Vista declined to comment....
...One London-based investor in MPS has called for the European Central Bank to block the rights issue, the FT’s Silvia Sciorilli Borrelli and Martin Arnold report, arguing the Italian bank is indirectly buying...
...After moving to Venice Beach, Los Angeles, he joined Gold’s Gym, known for being the mecca for weightlifters and home to the likes of Arnold Schwarzenegger....
...The bank provided financing upfront in return for an agreed number of Australian carbon credit units, to be delivered over five years....
...they came up with themselves after struggling to raise the money through credit markets....
...While Beijing on Wednesday instructed policy banks to extend an Rmb800bn ($120bn) credit line to fund infrastructure spending, overall stimulus is much weaker than in 2020....
...It was a filing made by an entity named FCM BBBY Holdings, LLC which listed its address as a nondescript Wyoming office building....
...No other FTX customer had a similar “line of credit.” c....
...Laurie Yoler, an early Tesla board member, also credits Musk with having the vision to start with a clean sheet of paper and the doggedness to see it through....
...It should have told Credit Suisse in advance about the existence of the auto hold mechanism, but S&P’s failure to do so was not a violation of US securities law, she said....
...Among the auto tech companies that have gone public this year, few have sold a single product....
...On Bill Ackman’s latest hedge: “I’m long equities and still short investment-grade credit....
...Bearish positions in the card issuer Discover and subprime auto lender Credit Acceptance have also risen. Bank stocks are “as out of favour as you get”, said Mike Mayo, analyst at Wells Fargo....
...He gave the example of an additive used to make paper for credit card receipts that is mostly made by a producer near Wuhan — the area of China hit hardest by the coronavirus....
...Former California governor Arnold Schwarzenegger expressed similar sentiments in 2017....
...If these guys go bust because they can’t access SBA loans, the credit units of the bigger PE firms will get hit. DD’s take?...
...The fund recently hired senior UK executives from Credit Suisse and Och-Ziff after moving into a new London office in St James’s Square and had planned to grow from 50 employees in London to as many as 100...
...Kepler Cheuvreux was created by merging the former equity brokerage operations of several large European banks, including Crédit Agricole, Julius Baer, UniCredit, Dexia, Swedbank and Rabobank....
...Mr Passera is also chairman of Credicom, the Greek consumer lender that Atlas Merchant Capital bought from France’s Crédit Agricole a year ago....
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