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...The filing sets up an epic legal struggle between a wealthy and powerful industry and an energised SEC, which, under chair Gary Gensler, has hit financial services with the biggest regulatory blitz since...
...Its ratings fell as low as CCC-, before recovering to BB+ — one notch below investment grade — as the country’s economic recovery gathered momentum....
...The last big merger between two banks occurred almost five years ago, when regional lender BB&T bought SunTrust for about $28bn in a $66bn deal, forming Truist....
...One way to get RWAs down can be through syndication, often via specialist alternative asset funds, known as significant risk transfer trades....
...The Paris-based company, which swung to a €3.44bn loss last year, said it aimed to recover its BB credit rating by 2026 after its debt was cut further into junk territory by rating agencies this year....
...From Lex on NatWest’s results last week: One way to get RWAs down can be through syndication, often via specialist alternative asset funds, known as significant risk transfer trades....
...JPMorgan is funding the loans and intends to hold them to maturity rather than underwriting the debt for syndication, a practice where the bank is already a dominant player....
...Borrowers must exert “best efforts” to help banks market buyout debt, syndication contracts insist. Elon Musk apparently missed that memo....
...Netflix relied heavily on programming that it licensed from other companies when it launched its streaming service in 2007....
...In 2018, the GPIF — the largest fund of its type in the world — adjusted its investment policy to allow it to buy yen-denominated bonds rated below BB, and therefore “junk” status....
...S&P Global upgraded it to BB+ in December. Some analysts believe a further shift higher could happen relatively soon, which could pave the way for the company to start paying a dividend again....
...“Kirschner is trying to take advantage of an easier way to find liability,” says Elliot Ganz, head of advocacy at the Loan Syndications and Trading Association, a trade group....
...Earnings: German software company SAP and Swiss specialist investor BB Biotech publish first-quarter results....
...One of the ideas it’s working on is social networks that function more like public services....
...These companies will pay more for capital than a similarly risky company that is a good fit for the bond and syndication markets....
...Earlier this year, Flat Rock Global, a $600mn alternative credit manager, debuted its third interval fund, the Flat Rock Enhanced Income Fund, which invests in CLO BB notes....
...longest-running primetime medical drama in US television history, while her political drama Scandal and her thriller How to Get Away with Murder had generated at least $2bn in revenue through advertising, syndication...
...Services, consumer products and healthcare have dominated Moody’s B3N register....
...Today, XP is a full-service group with 4mn active clients, and last month, assets under custody surpassed R$1tn....
...Gina Bleedorn, who is a co-founder of Adrenaline, a branding group that specialises in financial services, said there were a surprising number of banks that had the same name....
...The purported hackers are a relatively new, but prolific, player in a criminal syndication model called “Ransomware as a service”, where the hackers share methods and bespoke malware with junior hackers,...
...Alexandre de Ázara, chief economist at UBS BB in São Paulo, said the deceleration reflected the lagged effect of monetary policy....
...BB I took a career break and do not regret it, however there is no doubt it was difficult to explain in interviews....
...It will also receive rental income, in addition to the concierge services it will provide for a fee....
...Truist — formed from the 2019 merger between BB&T and SunTrust — is seventh largest....
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