Hints and tips:
...America’s real estate market remains stuck in the mud. Existing home sales, which make up most of the US housing market, totalled just 4.09mn units in 2023, a 30-year low....
...One of the casualties is Swedish property company SBB, which borrowed heavily during a local boom. Fitch downgraded the company to B- this week. Commercial real estate is in even worse shape....
...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....
...Greenhill also had a loan worth about $270mn set to mature next year. “I think they’d be the first to admit that they believe that they’ve underperformed over the last several years,” said Rizzieri....
...The scramble for retail deposits points to tough times ahead for online lenders with heavy dependence on wholesale funding....
...on loan and its convertible debt is trading at 23 cents to the dollar....
...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....
...a 23-year-old patient who was sent home with antacid....
...Non-bank mortgage lenders such as Rocket Companies, which owns Quicken Loans, and UWM, the parent company of United Wholesale Mortgage, have shed more than a third of their value....
...Smart reads Plan B Rightwing tycoon Peter Thiel’s political donations have yet to spark the change he’d hoped for....
...A group of four banks led by Citigroup is facing a near-$100m loss after selling a portion of a loan backed by two Las Vegas casinos, in a sign that banks are anxious to offload assets hit by the pandemic...
...Inside the historic Roosevelt Hotel, once frequented by “the Kingfish” governor Huey Long, attendees at the conference got texts from their colleagues back home dealing with Fomo and wondering if they’d...
...One thing to start: Wyelands Bank has announced that it has “no viable future” and that virtually all of its loans are in default, nearly a year after regulators forced Sanjeev Gupta’s stricken lender to...
...Kabbage, a US based small business lender backed by SoftBank’s $100bn Vision Fund, stopped extending loans to small businesses last week, following a rise in delinquencies....
...But at today’s price of $40 a barrel, most shut-in wells are expected to restart soon, pushing output to 1.2m b/d in the second half of the year, according to consultancy Rystad Energy....
...I am curious if it is becoming harder for people in US to access to payday loans/mortgages. Are small non-bank lenders also having difficulty?...
...pandemic safety net of furlough and loan guarantees....
...Mr López Obrador has scrapped that approach, ridiculing what he says were previous promises that Mexico would by now be producing more than 3m b/d....
...FirstGroup’s nearly halved after Reuters reported that, with work-from-home advice sinking ticket sales, the rail operators were wanting a government bailout....
...Next up:Over the past two years, company D has spent an amount on buybacks equal to 85% of a year’s ebitda....
...He describes not ditching business generated by mortgage brokers — who set the terms on home loans and then came to the bank to underwrite them — as “the worst thing we missed”....
...lenders....
...Singapore Number of tech start-ups 4,300 as of 2016 Government support Programmes providing equity funding, preferential loans or R&D financing, access to co-working space and incubation facilities, tax...
...— above 9m b/d....
...More specifically, the plight of Home Capital Group, Canada’s largest alternative mortgage lender, gives pause for thought....
International Edition