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...“Providing continuity of client servicing if and when advisers retire and being able to occasionally move client relationships around the partnership is really important to us.”...
...The loan will be for developing the “Dubbo Project”, a potential site for a mine in New South Wales. EXIM is the official export credit agency of the US federal government....
...The latest number was unchanged from the government’s forecast in January, dashing hopes of an earnings boost for companies servicing that segment....
...Fewer new bad loans led to a rise in competition for servicing contracts. Still, collections from existing assets have disappointed....
...“But the cost of servicing debt is most painful in low-income countries....
...Results at BofA, like its large competitors, were also dragged down by costs tied to last year’s regional banking crisis after the Federal Deposit Insurance Corp imposed another round of fees on the nation...
...The US Federal Housing Finance Agency on Tuesday said it plans to rein in a group of 11 regional government-backed wholesale lenders, the Federal Home Loan Banks, that became a key source of funding for...
...inflation would reduce the UK government’s overall contribution to zero, based on current projections — although this will probably change as the recent increase in borrowing costs may mean the price of servicing...
...More and more market participants and pundits are betting that stalling disinflation might stop the Federal Reserve from cutting rates at all in 2024....
...The attorney-general’s office added Knight’s management had been “found by federal authorities to have operated affiliated companies within KSIC’s holding company structure in violation of federal law on...
...The problem is that with each slightly high US inflation print, a quick pace of Federal Reserve rate cuts looks ever less likely....
...Likewise, for auto loans, people in their 30s are now falling behind on their loans at a faster pace than during the pandemic....
...In 2022, new foreign loans to emerging market sovereigns dropped to their lowest level in a decade....
...Low interest rates implied that for any given dollar of debt, periodic servicing costs would be manageable, allowing for incrementally higher leverage....
...Separately, it paid a $25mn penalty to the CFPB related to private student loan servicing practices. “Capital One is a healthy, well-managed, well-capitalised bank....
...start cutting its benchmark deposit rate from its record high level of 4 per cent in June, there is more doubt over the pace and total amount of policy loosening that will follow — especially if the US Federal...
...Loan growth in the US slowed considerably last year, according to data released by the Federal Reserve on Friday. Lending by US banks rose to $12.3tn, up nearly $300bn in 2023....
...The Fed US inflation has been going sideways for several months, at a level that is above the Federal Reserve’s target and the country’s comfort zone....
...Trump appointed Mark Calabria as the head of the Federal Housing Finance Agency [the Fannie and Freddie umbrella organisation]....
...In February, Robertshaw filed for bankruptcy in a Texas federal court with the support of Bain, Canyon and Eaton Vance....
...Shortly before Jay Powell, Federal Reserve chair, announced that the central bank was keeping benchmark rates at 5.25 per cent to 5.5 per cent, Colin Simpson, Manulife’s chief financial officer, revealed...
...A consortium of investors led by Blackstone Group has won bidding for the largest tranche of the Federal Deposit Insurance Corporation’s auction of $33bn in loans absorbed from Signature Bank after its collapse...
...Kemble needs to refinance a £190mn loan that is due for repayment by the end of April....
...The formation of CLOs [collateralised loan obligations, the main buyer of leveraged loans] started coming back in November, December and January....
...Last week the US Federal Housing Finance Agency presented its report on the future of the Federal Home Loan Banks....
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