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...The division had roots in Credit Suisse First Boston’s New York mortgage securitisation business in the 1980s and was led by veteran executive Jay Kim, who moved with most of the team to Atlas SP when the...
...The bank also bought most of failed US lender First Republic last year....
...The New York-based securitised products business packaged debts, such as mortgages and loans for yachts, before selling them on as securities....
...Separately, it paid a $25mn penalty to the CFPB related to private student loan servicing practices. “Capital One is a healthy, well-managed, well-capitalised bank....
...Other firms, including Blackstone and Hg, have sought cut-rate loans for new deals, with banks and the direct lenders of the private credit industry often being played against each other as private equity...
...Initial public offerings have yet to rev up for 2024, but later today the Palmer Square Capital BDC will start trading on the New York Stock Exchange, after pricing 5.45mn shares at $16.45 a piece yesterday...
...Goldman said it would sell GreenSky and its loan book to a consortium led by Sixth Street, KKR, Bayview Asset Management and fintech Cardworks....
...Amer Sports, owner of brands including Salomon, Wilson and Arc’teryx, has filed for an initial public offering on the New York Stock Exchange, as the Chinese-owned company looks to raise money to reduce...
...A servicing company placed the loan on watch for possible default — although the Trumps have remained current on their payments....
...Ranchers from New York state to California have been some of the projects’ first beneficiaries....
...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...
...Bank of New York Mellon will also release its earnings today before the bell....
...Gramercy has made a big push into asset-backed loans that he said offer higher yields and provide better protection in the event of defaults....
...I can report that Los Angeles in January is a lot more pleasant than New York in January, and that the best song to blast out of your rental car window on Rodeo Drive is the Decemberists’ “Los Angeles, I...
...Large banks like Goldman Sachs and JPMorgan have long provided NAV loans, but there has been a growing number of lenders entering the space broadening the usage of the debt....
...Investec has hired First Republic Bank’s Olivia Deroy for an origination and relationship management role on its new US private equity team, based in New York....
...Analysts will be watching the banks for non-performing loans (actual and provisions) and whether investment banking at last picked up at the end of a dismal year....
...Banks underwriting $3.7bn of loans and bonds to fund the buyout of healthcare company Syneos Health by Elliott Management, Veritas Capital and Patient Square Capital, also received strong demand....
...It “has grown in step with the bank loan market and expanded at a quicker pace than other credit market sectors”, points out research from Guggenheim Investments....
...Bank of New York Mellon’s second-quarter net interest income of $1.1bn was up 33 per cent year on year but 2 per cent lower than in the first quarter....
...Finastra’s choice to turn to so-called direct lenders — investors who lend directly to a business, replacing a traditional bank — was driven by lacklustre demand in the bank loan market and the company’s...
...In August, the Federal Reserve Bank of New York’s annual report on the finances of American households showed that US credit card balances breached $1tn for the first time in the second quarter of the year...
...best known for servicing loans banks don’t want....
...He said the New York-based group had closed its newest flagship corporate buyout fund with about $20bn in commitments, short of the more than $24bn a predecessor buyout fund raised in 2018....
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