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...Castlelake has taken advantage of recent market turmoil to expand its credit portfolio beyond aircraft leases, buying up billions of dollars of consumer instalment loans from fintech group Upstart....
...Trump called on the state legislature in Alabama to “act quickly to find an immediate solution to preserve the availability of IVF” in the state....
...Trump has repeatedly taken credit for his role in overturning Roe, noting that he appointed the three justices who tipped the balance of the nine-justice bench in favour of conservatives....
...Analysts at Bank of America think late fees represent between 14 per cent and 30 per cent of the companies’ credit card revenue....
...The lion’s share of that fee — about $1.80 — goes to the bank that issued the credit card that is being used....
...Though they too are capable of selfishness, cruelty and snobbery, the coterie of cosseted women are granted more self-awareness and emotional substance here than Capote perhaps gave them credit for....
...The court is deliberating on another case, Relentless Inc vs Department of Commerce, that seeks to overturn a 40-year-old legal doctrine that says courts should generally defer to agencies’ interpretation...
...the proposed ArtFi deal a pristine AAA credit rating....
...Swipe fees — otherwise known as interchange fees — have long been a point of contention between merchants and credit card companies....
...and revival of confidence....
...Barings is suing a Nomura-backed venture after most of its top private credit team defected to the new firm, in what the fund manager described as one of the “largest corporate raids at an asset manager...
...Each plastic offset credit in theory represents a tonne of plastic collected or recycled....
...Several of the bank’s businesses — including credit cards and corporate transaction services — did better than expected in a quarter that many thought would be marred by the upheaval of the restructuring...
...Market makers and brokers need capital and credit to cover the gross sum of their risks so they need to borrow money and have something of quality as collateral....
...Reintroducing credit into the mix runs the risk of opening some of the issues that were previously addressed.”...
...After the IRA’s passage, First Solar announced new factories in Alabama and Louisiana. “[China] does not want the US to have its own domestic industry . . ....
...The lack of deals and an avalanche of money that has poured into credit markets is beginning to relieve headaches across the private equity world....
...Alabama-based Regions Financial on Friday reported lacklustre profits, missing analysts’ estimates by more than 15 per cent....
...It expects gross margin excluding regulatory credits could hit just 14.6 per cent, which would be a 2.6 percentage point deterioration from the previous quarter....
...Jefferies Financial Group has hired former Credit Suisse bankers Yik Ley Chan and Javier Lee as head of Asia private credit and vice-president of the unit, respectively, Bloomberg reports....
...Chief among them: the airline’s long-standing credit card deal with American Express....
...That trend holds more broadly, reports Bloomberg: Blackstone Inc. recently sought a $250 million loan at a rate of around 4.75 percentage points over the US benchmark to finance its planned purchase of...
...Read a transcript of this episode on FT.com...
...Last week, it became the first to take advantage of a feature of the so-called “Section 45x” programme which allows it to sell the credit for immediate proceeds....
...WW has attractive, long-term debt agreements with no maturities due before 2028, $109mn of cash as of the end of 2023, and an undrawn $61mn revolving credit facility....
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