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...Apollo has sold a stake in the lending business it acquired from Credit Suisse last year shortly before the Swiss bank’s shotgun rescue by UBS, securing a multibillion-dollar investment from one of the US...
...Many of the businesses now underwrite their own debt deals, lending either directly to companies or against a host of assets....
...More than two-thirds of investors surveyed planned to allocate more capital to deals in the hospitality sector because of good trading performances and the expectation that lending conditions will improve...
...Munson, who previously worked for GE Capital and Goldman Sachs, could not be reached for comment. NYCB said: “We can confirm that Nick Munson left the company in early 2024.”...
...Total CDFI lending in the UK reached £248mn in 2022, according to trade body Responsible Finance....
...While the group has invested $3.5bn in more than 350 Chinese start-ups, it somehow hasn’t come under fire in Washington yet, even while rivals like Sequoia Capital and GGV Capital have faced scrutiny....
...The World Bank said the money could be leveraged to result in a $70bn boost to its lending firepower....
...While new Fed proposals to increase bank capital (dubbed the “Basel endgame”) are being recalibrated, further adjustments to liquidity, capital rules and risk management practices are nonetheless likely....
...Fourth, independent research shows that for every 1 per cent increase in capital, there has been a 2 per cent increase in lending — higher capital means more lending to the real economy, not less....
...At first glance, the China Development Bank (CDB) fits that definition. It’s fully owned by Chinese government entities and under direct supervision of the State Council....
...Analysts expect investment banking revenues to rise in the first quarter from low levels a year ago, with activity in mergers and acquisitions and capital markets underwriting showing signs of recovery....
...Both Tesla and BYD — the world’s first and second-largest EV manufacturers — reported a strong drop in sales in the first three months of this year compared with the previous quarter....
...So their response to every crisis is the same: capital must be raised from x to y without ever explaining why x was insufficient in the first place (and y won’t be either)....
...Net flows into ESG ETFs totalled €7.1bn in the first quarter, down from €13.8bn in the previous three-month period....
...Capital for the loans would come from overseas credit funds and local banks, Arora said....
...If you look at Howard Marks’s investment philosophy for Oaktree, the first item for us is the primacy of risk control....
...First, US risk assets are relatively insulated from the Chinese economy....
...That’s the subject of our first item. Also in today’s edition, our FT colleague Zehra Munir looks at the central banks setting the pace in green financing operations....
...Many Parisians intend to flee the city during the games, which start on July 26, as an expected 15mn people visit the capital, according to tourism officials....
...“Banks with higher capital have higher lending growth,” the BIS study concluded....
...Under Golden, the school’s allocation to private equity including venture capital crept up to 40 per cent, with the overall portfolio growing by almost 10 times since he first arrived....
...In 2010, when banks were first required to break out their lending to non-banks, the loans totalled just over $50bn for the entire banking sector....
...Most companies tend to only focus on the first two, which broadly speaking are emissions directly under their control....
...Electric-car maker Tesla registered expenses of about $2.4mn for its chief executive Elon Musk in 2023, with a further $500,000 spent in the first two months of this year....
...This isn’t even the first time that loans to the ultra-rich backed by their trinkets have been fed into the ABS machine....
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