Hints and tips:
...since 2007, according to MSCI, despite being less risky than offices or shops....
...Which is what happened in 1997 and 2007 — and what I saw unfold in the sushi restaurant last month....
...SUJEET INDAP: So we get to 2007, 2008, the financial crisis hits. Huge moment on Wall Street. And Citigroup is not spared. In fact, it's one of the firms that's hit the hardest....
...Richard Watts and Nick Williamson, the managers of the Chrysalis investment trust, are leaving asset management group Jupiter....
...She is best known for warning in the autumn of 2007, almost a year before the financial crisis, that Citigroup, then the largest bank in the US, was headed for bankruptcy....
...Critics rightly lambasted rating agencies for the flawed validation of mortgage-backed securities that triggered the financial crisis of 2008-9....
...Spreads on triple-B commercial mortgage-backed securities, the lowest rung of investment grade, are shooting up: And so are lenders....
...In early 2007, Merrill Lynch, which was trying to break into wealth management and banking, paid $1.8bn to acquire First Republic....
...You just have to trust him....
...The four banks had intended to use the loan to back a $1.9bn deal in the commercial mortgage-backed securities market, but a sharp sell-off triggered by the Covid-19 outbreak scuppered those plans, according...
...Certainly they have been boosted by ultra-loose monetary policy since the 2007-09 financial crisis....
...The global financial crisis December 2007 The Federal Reserve’s first Term Auction Facility auction takes place, designed to ease a liquidity shortage among commercial banks....
...By 2007 if you were breathing you could get a loan.”...
...Rechler sold Reckson in January 2007, then raised $9bn in private equity funding and did not return to the market until August 2009....
...Following a stint at Citigroup, in 2011 Greensill set up Greensill Capital. The origins of Greensill’s vision for his business have become company lore....
...One policymaker says that, faced with the coronavirus fallout, the global banking system of 2007 would have already imploded by now....
...But this particular abstraction inspires a remarkable lack of trust....
...Portfolios of toxic residential mortgages paralysed credit markets, while some $40bn of risky commercial real estate exposure helped to bring down Lehman Brothers....
...One former co-worker says bluntly that her sole skill is gaining the trust of powerful people....
...That deal relied on an innovative commercial mortgage-backed securities structure that provided almost $7bn of cash....
...It has had to pay $7.2bn in penalties for mis-selling US mortgage securities, and was sanctioned for helping to launder $10bn in dirty money out of Russia....
...Credit rating agencies faced heavy criticism after the credit crunch for giving high ratings to financial products that turned out to include large amounts of bad mortgage debt....
...Bronwyn Curtis, chair at JPMorgan Asian Investment Trust: No....
...A separate study by Fitch last year — looking at the market for commercial mortgage-backed securities, which package up property loans to companies and sell them on to investors — found all losses generated...
...Reits (real estate investment trusts) gobble up a lot of the big, high quality real estate opportunities....
International Edition