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...The letter from the bondholders’ advisers — law firm Akin Gump and investment bank Jefferies — cites “press reports” that they said raised the prospect of a “material impairment” of the debt that they hold...
...Two Chinese state-owned banks hold a crucial role in the future of Thames Water, as part of a group of lenders involved in a stand-off over debt at the parent company of Britain’s largest water utility....
...One impacted investor, Robbie Burns, told the FT he sold a holding in his Isa account on April 11, for which he was credited twice. IG removed the duplicated funds on the same day....
...The group’s loan-to-value ratio has already crept up above its target of 50 per cent in recent years, according to company documents, as the value of its holdings has been hit by higher interest rates and...
...According to a company filing, Norway’s central bank’s investment branch is interested in purchasing shares for up to $100mn at the IPO price....
...company through which she controls Paramount....
...Analysts believe that if last year’s pace of reductions is continued, the state holding could hit the low 20s by year-end — likely fuelling calls for an end to a cap on executive pay that it still faces,...
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...RedBird IMI wants to create a holding company via a new English limited partnership to acquire the newspaper group, as part of a package of proposals designed to guarantee the independence of the editorial...
...Jefferies has advised on many of Fertitta’s deals, while he and Handler have raised four special purpose acquisition companies together under the name Landcadia Holdings....
...A tie-up would give Tapestry a dominant slice of what the company has identified as the “accessible luxury” handbag market, the FTC said....
...Those include the two other holding companies Signa Development and Signa Prime, which owns the KaDeWe building....
...Net profits for bank and broker Nomura surged almost 670 per cent from a year earlier in its latest quarter, as Tokyo stocks eclipsed their 1980s bubble-era high and Japanese companies raced to raise funds...
...BlackRock has 10 per cent or more of the shares in 38 bank holding companies that are supervised by the US Federal Reserve or the Office of the Comptroller of the Currency but which own FDIC-supervised banks...
...Lieberman’s group was approved to run a bank holding company once Porticoes actually buys a bank. Some lawyers and former regulators think others may follow suit....
...The net bank debt to adjusted cash profits leverage ratio improved from 0.7 times last July to 0.4 times. A manageable debt position supports the company’s hopes for a share buyback programme....
...Historically, these large banks have been called on to bail out struggling companies during times of distress, such as through buying stakes in troubled local banks and offering more bailout loans to developers...
...JPMorgan Chase has named Eric Menell and Gian Piero Sammartano to new roles as heads of the bank’s sports investment banking coverage....
...Speaking at the lender’s annual general meeting in Basel on Wednesday, Kelleher argued that holding additional capital would put Swiss banks at a disadvantage to US and Asian competitors....
...Prosecutors are probing whether Benko and Signa misled the bank regarding the company’s financial health. The loan was collateralised with shares in Signa Group entities....
...Preliminary estimates suggest that banks covered under the proposals could face an increase of 16 to 20 per cent in required capital holdings....
...a mainland Chinese real estate company....
...But the initial public offering market in London has remained subdued in recent months, with many private companies holding off on listing plans until more favourable market conditions return....
...A $3bn charge on HSBC’s stake in China’s Bank of Communications, in which it has a 19 per cent holding, is significantly larger than the charge peer Standard Chartered has taken on its China bank stake,...
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