Hints and tips:
...paragraph from Brighthouse Financial: But we spotted change of control covenants in this Air Lease Corp prospectus, this one from Paramount Global, and this one from Warner Brothers/Discovery....
...At MetLife, Bhalla was heavily involved in separating its retail life insurance business into the publicly traded Brighthouse Financial, where he became finance chief....
...Mr Greensill told the Financial Times last week that he believes rating agencies should consider credit provided by suppliers to be a financial liability....
...The “subprime” household lending sector once epitomised by names like Wonga, BrightHouse and Amigo is on the brink of collapse....
...The Financial Times has been your guide to the pandemic since the first outbreak was detected....
...Equitable and Brighthouse have lost almost a fifth of their value this year. Lincoln National is down 30 per cent....
...Ethical lenders that have been touted as alternatives to high-cost firms such as Wonga and BrightHouse are going out of business at the fastest rate in years, fuelling concerns that less well-off customers...
...But in Europe all manner of businesses have collapsed with no bonds outstanding, such as rent-to-own retailer BrightHouse and Italian restaurant chain Carluccio’s. The other dynamic is legal....
...Mr Kligerman pointed out variable annuity writers such as Equitable, Brighthouse and Lincoln all trade at under five times forecast earnings, much lower than other types of life insurance companies....
...Shares of its US peers such as Equitable Holdings, Brighthouse and Lincoln have all crashed and are trading at just 3 times forward earnings....
...In the US, Prudential Financial and MetLife have fallen by more than half, while Brighthouse has lost almost two-thirds of its value....
...Mr Paton, who had experienced the impact of new FCA regulations at rent-to-own retailer BrightHouse, attempted to pre-empt another crackdown by overhauling Amigo’s business to invest in compliance and reduce...
...Competition in difficulties: The biggest payday lenders have left the market (Wonga, QuickQuid), the biggest rent-to-own company (BrightHouse) folded in March and the biggest guarantor lender Amigo is under...
...He will be replaced by Hamish Paton, the former chief executive of high-cost lender BrightHouse....
...Mr Paton, who joined Amigo from BrightHouse, which specialised in another type of lending that was hit by an FCA crackdown last year, said: “I have seen the regulator acts in the interest of consumers and...
...Mr Kandarian objected to the systemically important financial institution designation imposed by US regulators and, hoping to shed it, MetLife spun off Brighthouse Financial, which includes MetLife’s market-sensitive...
...Hamish Paton, ex-chief executive of high-cost lender BrightHouse, is to take his place. Paton had been due to join the company anyway as chief commercial officer but will now take the top job....
...Last month it proposed a price cap for “rent-to-own” retailers such as BrightHouse, following the introduction of similar rules for payday lenders in 2015....
...“Rent-to-own” retailers such as BrightHouse will be banned from charging vulnerable customers over the odds for household goods under rules proposed by the financial regulator on Thursday....
...The Financial Conduct Authority says its wares are available more cheaply elsewhere. The UK financial regulator has questioned the fairness of charges....
...rules proposed by the financial regulator on Thursday....
...It is second only to its long position in Brighthouse Financial, which fell 22 per cent in the quarter....
...A possible price cap on the rent-to-own industry would hurt BrightHouse. Provident Financial has suffered a share price collapse after profit warnings and fines....
...UK financial regulator dismisses criticism that it is moving too slowly FCA considers cap on charges for ‘rent-to-buy’ lenders Sector’s ‘eye-opening’ charges The UK financial regulator called for a “radical...
...MetLife spun off its retail business now called Brighthouse Financial. Its shares are down a third since last summer....
International Edition