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...the deal: DBRS’s pre-sale report includes several handy pie charts breaking down the type of artwork backing these loans: The vast majority of the artwork backing the loans is also held in storage facilities...
...Firstly, approximately 30% of the Global and North American totals are made up of ‘dry powder’, i.e. undrawn capital commitments....
...Please tell us what you think of the e-scooter boom in the comments section below....
...Peers e.l.f. Beauty, Coty and Estée Lauder were lower by 9.7 per cent, 5.1 per cent, and 4 per cent, respectively....
...Higher funding costs can be offset by stronger loan growth. But high rates can also stymie demand for loans....
...It concluded that, in becoming a party to the loans, LLC5 had a main purpose of obtaining a tax advantage....
...*Sadly, CR didn’t specify which loan this was. And borrowers (annoyingly) can be stingy about loan doc access....
...I said this to the staff of the SEC and to Gensler, which is you think that Schwab, Fidelity, Vanguard, Morgan Stanley, E-TRADE, they need to be told where to send their retail orders, like they don’t have...
...This group of investors generally views Robotaxi (i.e. fully autonomous vehicles running on the Tesla network) as a very long-dated opportunity....
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...In a 15,000 word essay (published ironically as an e-book), he laid out why we had hit a technological plateau in which all the low-hanging fruits of easy productivity growth had been exhausted....
...Such loans take priority over other creditors and typically command high interest rates....
...Some farmers have found it tricky to secure bank loans against their slowly growing solar-grazing businesses, preventing the wider industry from growing even faster than it already is....
...The bank also took a loss on a loan to a rent-controlled New York City multifamily building — an asset type that was NYCB’s speciality before its recent mergers....
...Banks could be at risk too; lower rates would pinch net interest margins, already at record lows, without doing much to curb the pipeline of bad property loans....
...NYCB parted ways with its previous CRO shortly before it reported the larger than expected loan losses in January....
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome, high interest loans in favour of a cheaper alternative, according to data from Bank...
...NAV loans in particular are under more scrutiny from investors as they have become more common....
...“Over the course of the year, look for loan losses to continue to grind higher,” said Jason Goldberg, banking analyst at Barclays....
...losses on office loans....
...As Chris Verrone of Strategas noted yesterday, rising breadth helps make market euphoria look a bit less scary: The immediate risk we see is sentiment (i.e., the bar of expectations is high), but so far...
...They function as a place for depositors to safely store their cash and obtain other financial services beyond loans....
...At the same time, NYCB’s loan growth has stalled, with the average loan balance down quarter on quarter. That is squeezing profitability....
...York Community Bancorp meanwhile fell by a quarter on Friday after the regional lender delayed its annual report, saying it had found material weaknesses in the internal controls that guide how it reviews loans...
...Rocket Company, owner of Quicken Loans, the country’s largest non-bank mortgage lender, is up 66 per cent since November....
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