Hints and tips:
...The loans were tied to its residential portfolio and development pipeline....
...Further down the credit quality ladder, low-grade borrowers including Kinetic Holdings, automobile financing firm Credit Acceptance and residential mortgage company PennyMac Financial Services are among...
...Analysts at Citi said they now see a downside risk to their forecast of a 2.5 per cent budget deficit in 2024 as defence spending is going to rise....
...RGRE had also bought Citi’s old premises and was in talks to redevelop them, he added....
...Citi stopped financing the trades in October. A spokeswoman for Citi said its sole client and counterparty was Trafigura....
...Standard Chartered and Citi declined to comment....
...When it is finished, Citi said it expected the building would emit zero carbon....
...Citi analysts say that logistics, self-storage and some residential assets should fare better than traditional office space. “A lot of funds and investors are very hungry for deals . . ....
...Citi sees a risk that volumes drop by a quarter to a third, with a knock-on effect for overall sentiment....
...Of its €114bn of residential loans outstanding, 73 per cent were variable rate loans at the end of last year, according to the Spanish Mortgage Association....
...The company benefits from a strong balance sheet and the chronic undersupply of houses in the UK, according to Ami Galla, an analyst at Citi....
...The housing sector is likely to have contributed to that slowdown, Citi analysts Veronica Clark and Andrew Hollenhorst argue....
...“These are rates that I think are likely to be much more of a headwind and indeed we’re seeing the housing market slow,” says Nathan Sheets, chief economist at US bank Citi....
...Add it all up, says Citi, and prices could fall 15 per cent....
...Talking of second chances, but away from the discussion of votes, this Friday will see London’s landmark Battersea Power Station reopen in a new guise, as a retail, leisure and residential building....
...the residential property bubble is a truly global event, and the US isn’t the worst offender....
...The sell-off has seen it leave markets including Mexico and Australia, where NAB picked up Citi’s residential Aussie business for A$1.2bn in June....
...The cost of damage to infrastructure and residential properties is still higher. Foreign firms have also suffered....
...Citi/YouGov public inflation expectations survey. Plus, S&P to review the UK’s credit rating AA (negative outlook); Moody’s to review the UK’s credit rating....
...The Russian embassy in the US denied any Russian involvement in the attack on the theatre and blamed Ukrainian forces At least one person died in the capital Kyiv when a residential building was struck...
...Citi analysts noted that, for listed developers, overall contracted sales fell 1 per cent in 2020 in their first-ever decline, while Evergrande’s sales slumped 39 per cent....
...Some shared residential or business addresses, or took ownership of a business for months at a time before ceding it to another shareholder....
...DD agrees that it may be more realistic for Citi to climb at its own pace rather than risk falling in a frantic race to the top....
...In December, its sales were down 68 per cent, according to estimates from analysts at Citi....
International Edition