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...The bank has increased its deposit base by 15 per cent to £3.4bn in the period and has a total loan balance of £2.7bn....
...Its assets include stakes in New York’s Chrysler building, London’s Selfridges and KaDeWe, Germany’s famous department store....
...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...
...The Chicago-based company’s net interest income — a closely watched figure that measures the difference between what banks pay on deposits and what they earn from loans and other assets — fell 11 per cent...
...While large hedge funds have relationships with multiple offices — say, in London, Hong Kong and New York — the Goldman Sachs, Morgan Stanley and JPMorgan trio dominate the rankings....
...In 2022, Weightman entered the fray and set up Corinthia, later securing the backing of Japanese bank Nomura....
...It is investing heavily to build data centres and has struck deals to purchase a $17bn portfolio of bank loans and privatise a Canadian multifamily real estate business, partially by using Breit....
...They’re basically investment trusts that make loans to smaller companies, have a 2x cap on leverage, usually list shares on a stock exchange and have to pay out 90 per cent of profits to investors....
...The founders and top executives of the largest private equity groups in the US have seen the value of their shares rise by more than $40bn since the beginning of 2023 as new assets have poured into their...
...Steven Meier, chief investment officer of the $264bn New York City Employees Retirement Systems, said his fund was expanding into private credit when “everyone else has pulled back”....
...Koppe and Shanghai’s Bank....
...Separately, the real estate driven horror show at New York Community Bancorp continues to rumble on....
...The Adani Group, an empire that includes India’s biggest commercial port operator and seven airports, has managed to maintain good relationships with financiers after New York-based Hindenburg Research accused...
...The private bank’s chief executive, Philipp Rickenbacher, was pushed out at the end of January after the lender wrote off the entirety of a poorly collateralised SFr606mn ($689mn) trio of loans it had extended...
...The bank had just under $280bn in commercial loans outstanding at the end of June, down from $390bn four years ago. Citi’s total assets have risen 20 per cent over that period....
...Unless he wins on appeal, Trump is now banned from borrowing from New York-chartered banks until 2027. This sharply raises the leverage of potential lenders in the Gulf and elsewhere....
...Nominal credit card debt hit a record $1.13tn in the last three months of 2023, growing at one of the fastest rates in more than 20 years, according to the New York branch of the Federal Reserve....
...(Bank of America also lent them money for the planes, but as you’d expect from a bank, it demanded interest payments and security over the jets.) Well, we have an update....
...The posted bond has prevented New York state from seizing his assets — particularly his prized real estate — while he appeals a $464mn fraud judgment....
...And it seems the CRE and multifamily problems might be particularly bad in New York....
...The New York Department of Financial Services said exchange Gemini has committed to return more than $1bn to customers....
...The president of New York’s Lincoln Center for the Performing Arts has been named as CEO-designate of public relations firm Brunswick....
...Scroll down for quiz The future of Singaporean sovereign wealth investment looks safe after GIC’s finest took home the dub at last night’s FT Alphaville Pub Quiz in New York City....
...A recent study by broker JLL found that 73 New York City buildings were worth less than the value of their loan balances. “It hits everybody,” Mechanic said of the losses....
...Carson Block’s hedge fund Muddy Waters has revealed a bet against the New York-listed Blackstone Mortgage Trust, a $22bn real estate investment trust managed by private equity giant Blackstone....
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