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...The BoE said last week that some banks were as yet unable to quantify their exposure to private equity....
...Princeton gets burnt by private equity For many years, investing in private equity was a sure way for university endowments to make money....
...The bank reported a return on tangible equity — a key measure of bank profitability — of 12.3 per cent, down from 15 per cent last year but ahead of its target of more than 10 per cent for 2024....
...Some banks are unable to quantify their exposure to private equity, the Bank of England has found, in the latest warning that the $8tn industry could threaten the wider financial system....
...The UK’s Coventry Building Society has agreed to buy the Co-operative Bank for £780mn in a deal that would eventually return the private equity-owned lender to mutual ownership....
...Chinese equities led losses in Asia on Monday after the country’s central bank published data indicating weaker than expected credit demand....
...Japan’s Topix rose 0.5 per cent and Australia’s benchmark S&P/ASX 200 added 1.3 per cent after the Reserve Bank of Australia held rates steady....
...banks....
...Barclays has agreed to sell approximately $1.1bn worth of credit card debt to private equity firm Blackstone, as the British bank steps up efforts to move assets off its balance sheet in advance of more...
...Ben Russon, co-head of UK equities at asset manager Martin Currie — part of the Franklin Templeton empire — says a number of things have gone right to turn the mood around....
...Shares of New York Community Bank plunged 40 per cent on Wednesday after a report that the bank was seeking to raise money to shore up its finances through a stock sale....
...Private equity firms including Apollo Global, KKR, Blackstone and Brookfield are accelerating efforts to make low-risk loans, encroaching on territory dominated by banks and public debt markets....
...So it’s a lot less than what it is on bank balance sheets....
...higher despite a significant repricing in the expected magnitude of central bank interest rate cuts....
...Chedid believed the turnaround in sentiment was driven by expectations that the European Central Bank could start to cut rates before the Fed, which has helped European equities outperform their American...
...“You don’t have nearly as many companies going public because of the growth of private equity,” said David McGrath, chief equity strategist at Oakworth Capital Bank in Alabama....
...Equities in Hong Kong extended their rally on Monday afternoon in a rare display of optimism for the city’s stock market....
...Some banks really do have too much capital....
...Coutts, the private bank owned by state-backed NatWest, plans to shift customers away from UK equities to access “mega-themes” in international stocks, despite government efforts to revive London’s capital...
...Private equity-owned German real estate lender Aareal Bank warned there was “more to come” after one in four of its US office loans went into default last year....
...Asian equities were muted in afternoon trading, with Hong Kong leading gains in the region despite paring back its gains from earlier in the day....
...Equities in Hong Kong and China fell on Tuesday despite the country’s central bank announcing a reduction to the lending rate for mortgages on the mainland....
...“Surging oil is reviving stagflation fears,” said Emmanuel Cau, head of European equity strategy at Barclays....
...UK equity valuation multiples are depressed, and [equity risk premium] for the region is also looking fairly high versus the US. Of course, the derating of UK equities vs....
...Equity issuance was not as busy. Europe is lagging behind the US in terms of recovering dealmaking and initial public offerings....
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