Hints and tips:
...The new owner was originally cloaked by his limited liability company, but Son was revealed to be the buyer a few months after the purchase by the Los Angeles Times....
...Following the nationalisations of Northern Rock and Bradford & Bingley during the financial crisis, UK Asset Resolution (UKAR) a government-owned vehicle was formed in 2010 as a holding company for the banks...
...“Banks have severely limited their exposure to this particular area of the credit market,” said Scott Kapnick, chief executive of HPS, referring to junior credit, which ranks below more secure forms of borrowing...
...But a sudden rise in interest rates beginning in 2022 left Tiger badly exposed to plunging valuations and holding a bloated portfolio of private investments with limited paths to exit....
...Blackstone has been a heavy user. It borrowed against all of its shares in Bumble to secure a $860mn loan from Citibank after the dating app’s 2021 initial public offering....
...The new owner’s identity was initially cloaked by his limited liability company. The Los Angeles Times revealed a few months after the purchase that Son was the buyer....
...a seat on the company’s board....
...And in 2021, Apollo fully merged with Athene Holding, the annuity insurance company it created in the wake of the global financial crisis....
...They have no liability for any holding company liabilities, continue to operate as normal and are unaffected by issues in the holding company structure above them.”...
...very limited facts and briefing”....
...That goal will come at a hefty price.The company is negotiating with a number of banks to secure more than $5bn of financing, DD’s Ivan Levingston and the FT’s Richard Milne have revealed....
...The reports are far more limited in scope than a traditional audit of a company’s accounts, including its liabilities, and are much less robust....
...As far as euro holdings are concerned, they would presumably sit in the NCC’s account in Frankfurt, if they have not been sold off to other state-connected companies....
...However, such liabilities are not reflected in the financial statements prepared while these companies were under the control of Mr. Bankman-Fried.”...
...Haleon says it has indemnification obligations with both companies and told Reuters it has never marketed Zantac in the US. Liabilities, however, remain a black box of mystery....
...Gemini has formed a creditor committee to get its money back from both the broker and its parent company DCG....
...The billionaire deputy prime minister of the UAE controls the club via Newton Investment Development LLC, a company registered in Abu Dhabi....
...does not involve or provide a basis for any liability or compensation”....
...Congress passed legislation in 2020 requiring limited liability companies and other entities to disclose their beneficial owners. But the Treasury is still crafting the rules....
...The big losers from inflation are fixed-interest investments such as gilts — a core holding in British pension funds....
...Brunswick told staff on Wednesday it would ditch its limited liability partnership structure in the UK and incorporate as a private company as part of a plan to increase investment and capitalise on demand...
...Or they want to own their home through an LLC [limited liability company] — maybe a celebrity who wants to keep their identity private,” she says....
...BDT, which invests over a longer time horizon than private equity firms, will take a seat on the board of Brunswick Group Partnership, the new UK company that will replace its existing limited liability...
...I think 2023 will be a case of holding steady for the BoE. Those with a short-run view might interpret this as “tough”....
...WeWork prepared for the manoeuvre last month by changing from a corporation to a limited liability company, called the We Company MC LLC....
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