Hints and tips:
...Venture capital groups are working on a long-shot plan to preserve parts of Silicon Valley Bank so it can keep serving clients in the technology sector, according to people briefed on the effort....
...Millicom is based in Luxembourg but operates predominantly in Latin America under its Tigo brand for mobile and cable services, serving about 50mn customers....
...Finback was considering buying a stake in Gideon Cyber Systems LLC, according to the term sheet....
...Before the group’s spin-off, he worked for 23 years at Blackstone, serving as a senior managing director and head of its restructuring group....
...But either way, Blackstone has skipped a payment on a $274m hotel loan, DD’s Mark Vandevelde and Eric Platt reported last week, joining the ranks of leading real estate investors that have fallen behind...
...In the Seagram Building a few miles to the north, the Four Seasons is still serving up a decent asparagus agnolotti....
...That’s because Norinchukin Bank, a Japanese agricultural lender, has spent the past 18 months gorging on collateralised-loan obligations....
...Credicom specialised in car finance, but it stopped making new loans four years ago and wrote down the value of its remaining €150m loan book to €40m....
...Using some investor money, he bought the $23m Neverland loan and cancelled a plan to auction off the property....
...In the next week, Intesa is expected to announce a deal to sell €2.5bn of its most toxic non-performing loans to a consortium of investors including Christofferson Robb and Bayview Asset Management, the...
...The bank recorded its first annual profit in 2017, thanks to rapid growth in its loan book and revenues....
...So far, in the three months since the proportion of IQE shares on loan to short sellers hit 7 per cent — allowing them to sell what they did not buy, with the aim of buying them back more cheaply — the price...
...Blackstone, the private equity giant, has a cluster of nonprime investments, including a stake in Bayview Asset Management, a firm which buys mortgages from Coral Gables, in Florida....
...The scenario would be more nightmarish if the contingent premium discussed for one loan deal were not 0.5 per cent....
...Civilised Bank is another challenger seeking a licence, with a view to serving medium-sized businesses before breaking into the retail market....
...Serving a first-class snack of macadamia nuts in a bag instead of on a plate. The so-called “nut-rage” spat sparked an outrage and forced Ms Cho to resign....
...Mr Falcone has maintained he repaid the loan with interest....
...“You won’t even get a meeting with the Qataris unless you have a financing package to go with it,” says one banker who has spent years serving clients in the Gulf....
...On Wednesday, Jan Hurri at Taloussanomat took advantage of the Finnish government’s recent doc dump in order to reach a conclusion about its deal for ‘collateral’ on Greek bailout loans: It’s almost worthless...
...The Securities and Exchange Commission has accused Mr Mudd, Fannie’s chief executive from 2004 to 2008, along with other former executives, of understating the group’s holdings of high-risk home loans that...
...The SEC is seeking cash penalties from the former executives, and the agency also wants them to be forbidden from serving as directors or officers of public companies....
...of single-family loans, Thomas Lund....
...At the Majestic Casino in Gary, I talked to Alicia Kimbrough, a quick-witted woman from Chicago, who makes a good living as a refinancer of student loans....
...The company received authorisation from Ginnie Mae to originate such loans earlier this year....
...First Republic’s business of serving the well-heeled has resulted in a low ratio of non-performance loans, less than 2 per cent of the $22bn in total assets, according to its prospectus....
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