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...Similarly, bankers at UBS, Citi and Merrill Lynch told me in 2008 that one reason why the dangers around repackaged subprime mortgage loans were ignored was that these instruments had supposedly safe triple-A...
...Richard Watts and Nick Williamson, the managers of the Chrysalis investment trust, are leaving asset management group Jupiter....
...Carson Block’s hedge fund Muddy Waters has revealed a bet against the New York-listed Blackstone Mortgage Trust, a $22bn real estate investment trust managed by private equity giant Blackstone....
...The retail operation provides both deposit funding and assets ripe for securitisation, such as mortgages and credit card loans....
..., and 15% is shadow credit such as trust loans....
...Metro is also in talks to sell about £3bn of mortgages, though this seems less to do with capital and more an attempt to shift low-fixed-interest loans....
...As part of that deal, SL Green assumed $1.76bn in mortgage and mezzanine loans attached to the property, which come due in 2027....
...Leverage and basketball Phoenix Suns owner Mat Ishbia pledged more than half of mortgage giant UWM Holdings’ outstanding shares to secure loans before buying the NBA team for $4bn, Bloomberg reports....
...DD readers may remember the messy saga of the billionaire Barclay brothers, whose loans from HBOS went unpaid even after Lloyds’ government-brokered rescue of the collapsed mortgage lender during the 2008...
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...When it came to the brewing US subprime mortgage crisis, Crastes thought doomsayers were getting ahead of themselves....
...Scottish Mortgage showdown The FT digs into deep-seated tensions over strategy at the UK’s biggest investment trust that led to board member Amar Bhidé’s dramatic exit....
...One of them, TeamHealth, was sold to Blackstone for $6.1bn in 2017. Another, Envision, was acquired by KKR for $9.9bn the following year....
...Every single subsidy that built the middle class, whether it's the homestead loans, the farm loans, the New Deal, mortgage, student loans, all of those - not accidentally but explicitly - exempted certain...
...Mitie launched a loans programme through Salary Finance in December 2017. Since then, 10,000 loans have been taken out, with a total value of £25mn....
...We take this very seriously and rightly expect landlords at Peabody Trust to take action to make their homes safe and decent.”...
...Founded in 2017, Ecospend won a £3mn contract to provide open banking services for HMRC last February....
...Last week, bankers at Bank of America and Citigroup had to offer discounts to investors on a bond and loan deal to fund the takeover of pump manufacturer SPX Flow by private equity group Lone Star, according...
...Citigroup has hired Joseph Bonanno as global head of data, digital and innovation for securities services. He previously served in a similar role at Morgan Stanley....
...In these results, borrowing on cards and short-term loans rose by 7 per to £5.8bn, while business lending declined, and mortgage lending was essentially flat at £57.8bn....
...From all that, you would deduct the debts somebody owes - a mortgage on their house, car loans, money they may have borrowed to invest - and finally, you would deduct a tax free allowance....
...At Citigroup and then Trust Company of the West, he was an early buyer of the high-risk “junk bonds” being sold by Michael Milken, the man who largely built that market in the 1980s and whose spectacular...
...While at Citigroup and then Trust Company of the West in the 70s and 80s, he was an early buyer of the high-risk “junk bonds” being sold by Michael Milken....
...Co-founder Gil Mandelzis left his job running one of the largest fixed income trading platforms, BrokerTec, to launch Capitolis in 2017....
...Chinese banks began issuing mortgage loans and also development loans to property companies. Every single person that moves from the countryside in China to a city needs to live in an apartment....
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