Hints and tips:
...You and I have been doing this for a long time now, but where are we going here?’” Eventually, the real estate business resumed and so did the city....
...Rocket Company, owner of Quicken Loans, the country’s largest non-bank mortgage lender, is up 66 per cent since November....
...Doing so had allowed them to obtain loans on more favourable terms from the likes of Deutsche Bank, among other benefits, the court found....
...Nowhere is that clearer than with the tangled mess of the Federal Home Loan Bank system. In the US the Federal Reserve plays a critical role in financial stabilisation as the lender of last resort....
...Unhedged: Turning back to banking for a second, it seems to me that some of the big banks are doing OK, despite all the regulation. Bank of America and JPMorgan are reporting quite good profits....
...The man renowned as America’s “condo king” is at last vacating his throne, handing over the family business to his sons, Jon Paul, 39, and Nick, 35....
...The scramble for retail deposits points to tough times ahead for online lenders with heavy dependence on wholesale funding....
...These days, he manages his crypto accounts by dividing them into two pots — one for doing business and the other to hold for the long term....
...Ethan WuListeners, if you are listening to this podcast from home, you are actually the problem. Think of the poor property lenders....
...Since then, it has steadily built out other areas of its investment bank, including its coverage of financial sponsors, as well as its fixed income and equities trading business....
...The US is home to about 4,400 banks, but the concern sparked by SVB’s collapse is focused on roughly 100 lenders that fall just below the country’s top 20 banks including as JPMorgan Chase and Bank of America...
...The lender is also reckoning with a sharp decline in investment banking fees, and a potential writedown of several hundred million dollars on home improvement lender GreenSky, which it bought in 2021 for...
...Stephen Gandel I was told by one of the heads, the president of the San Francisco Federal Home Loan Bank, and she said she expects it to stay elevated for a while....
...Lenders like the diversification of these loans and — importantly — that they’re getting paid handsomely to lend as interest rates surge....
...How much damage is work from home doing? How much damage are higher interest rates doing? Because transaction volume in the commercial property sector, it’s down like 70 to 80 per cent....
...And if you add up other lenders — World Bank, Asian Development Bank, Japan, South Korea, Europe, a little bit from America — it’s very contested, particularly as Chinese loans are going to have to become...
...America....
...As America’s largest bank, JPMorgan would ordinarily be barred from buying another lender because it already controls more than 10 per cent of US insured deposits....
...It also allowed Dezer to move beyond Trump just as his politics turned his brand toxic for roughly half of America....
...Munger warned that American banks are, quote, “full of bad loans as property prices fall”....
...But he does think investors such as Apollo could be a better home for its lending activities. Blackstone, KKR, Ares Management and Carlyle Group are also examining SVB’s loans portfolios....
...Salvatore knew the biggest profits resulted from sourcing large quantities of cocaine at wholesale prices. The only way to do that was to establish a supply route directly from Latin America....
...Plus, work from home means that lots of companies don’t need as much office space....
...But business for infrastructure lenders started to go downhill after 2015, and Srei came undone as the coronavirus pandemic raged across India....
...Ishbia recently celebrated taking Rocket’s top spot as America’s largest mortgage lender by hosting a huge party for his employees with a performance from rapper Ludacris....
International Edition