Hints and tips:
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...Share your ideas with us at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...Morningstar has removed more than 1,200 “sustainable” funds with a combined $1.4tn in assets from its European sustainable investment list after closely examining disclosures provided to investors such as...
...The Spac boom serves as a Wall Street legend’s final act Just 20 years ago, the hotshot boutique investment bank Wasserstein Perella was acquired for $1.5bn by the German bank Dresdner....
...Still, Athene estimated its markdowns this year could total between $1bn and $2bn compared with the $1.3bn in profits it tallied in 2019....
...So we set out to build what we thought was a very differentiated model which was a full-service investment bank driven by intellectual property, not balance sheet.”...
...For critics, their involvement in commercial real estate means that just as US taxpayers back individual homeowners through Fannie and Freddie mortgages, so they also subsidise some of the largest investment...
...That property, featuring a 120-foot lap pool with a golden pyramid on one end, has been partially demolished amid a messy legal dispute....
...Both student debt and mortgages illustrate a broader principle....
...For an investment bank famed for its savvy and sometimes freewheeling bankers, mortgage underwriting in Dallas seems a decidedly staid role within Goldman....
...In its first-quarter letter to investors, TPG marked up its investment in the mortgage loans and properties formerly owned by ST Residential, the former Corus Bank....
...The consortium put in USD 1.5bn of equity while taking on USD2.7bn of mortgage debt broken into two pari passu senior pieces placed into CMBS deals and USD 1.35bn of junior B notes that stand outside the...
...’s chief investment officer....
...PART 1: On bad mortgage lending FT: Tom, thank you so much for joining us today. TB: It’s a great pleasure - thanks for having me....
...Estimates from the International Monetary Fund say that of US consumer debt totalling $1,914bn (£1,166bn, €1,346bn), 14 per cent will turn bad....
...They then loaded an additional $1.8bn in debt on to the company. The movie chain could not service all that debt and filed for bankruptcy protection....
...CDOs are pools of debts that are sliced into tranches of different risk....
...Lehman Brothers is closing its subprime mortgage unit and dispatching 1,200 employees. As for the kings of private equity, who a few months ago seemed to rule the universe, their reign is over....
...They have boosted proprietary trading and made investments in commodity trading, prime brokerage and mortgage securitisation....
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