Hints and tips:
...Among the group of Laidlaw Scholars this year is Naveen Kler, a 29-year-old law graduate who hopes her postgraduate studies will give her the commercial skills to switch into a management role in impact...
...Today’s tech start-ups are in many ways just aping their peers, according to Sangeet Chowfla, GMAC’s president and chief executive....
...Amy specialises in arranging my meetings; other machine learning applications are trawling through loan contracts for errors or spotting weeds on large commercial farms....
...Commercial banks, Mr Lee says, approve only half of applications, so car financing companies, which have less conservative approval policies, can step into the breach....
...The former financing arm of General Motors, which used to be called GMAC, Ally had to pull a previous IPO because of fears about its liabilities for failed mortgages....
...Before joining AnaCap in 2006, Mr Cartwright was commercial director at Direct Group, a private equity backed insurance services provider having previously held senior roles at GMAC....
...Balboa and/or Countrywide adjusted terms for commercial real estate clients while denying assistance to individual borrowers....
...The results showed Bank of America, Wells Fargo and GMAC as requiring the most amount of capital; in other words, they were expected to generate the most losses....
...After the success of MERS in the residential market, MERS Commercial was initially set up by Bank of America, Bear Stearns, GE Capital, GMAC Commercial, John Hancock and Wells Fargo....
...David: Recruitment firms cover the entire array of commercial and professional positions. Sometimes no degree is needed....
...With the exception of 2006 to 2008, commercial real estate prices in Tokyo have fallen every year since 1991....
...The disposal leaves GMAC with only a speciality unit focused on structured finance within its commercial lending operations, as well as a European portfolio, which it is winding down....
...The documentation firestorm erupted in late September when GMAC, a large mortgage lender now called Ally, unexpectedly halted foreclosures....
...Capmark was formed in March 2006 when GMAC, the financing arm of US carmaker General Motors, sold a controlling stake in its commercial mortgage business to a group of investors including Kohlberg Kravis...
...- GMAC’s CEO Alvaro de Molina resigns. - Chart du jour: US banks’ exposure to commercial real estate loans. Over in the Long Room, - Get ready for the Xmas AVent....
...Capmark, which was created in March of 2006 through a leveraged buyout of the commercial real estate assets of General Motors’ finance arm GMAC, warned earlier this year it might file for bankruptcy....
...Now GMAC is seeking a third infusion of funds....
...Holders of credit default swap protection have been a factor in the fate of many troubled companies this year, including AbitibiBowater, GMAC and General Growth Properties....
...In some of its specialist loan books acquired from other lenders, such as GMAC, arrears are running as high as 12 per cent....
...I spent the summer at Barclays working in the office of the chief executive of western Europe in global retail and commercial banking in London.”...
...Anacap plans to merge Ruffler with Base Commercial Mortgages....
...Mary Armstrong, Boeing, Environmental, Health and Safety vice presidentSince 2007, previously Boeing Shared Services Group president, and Commercial Airplanes Fabrication VP/GM Wendy Becker - Vodafone group...
...“We always try to hang in – but not at the expense of being commercial,” Mr Feinberg says. “As far as GMAC and Chrysler are concerned, we will hang in there as long as it takes....
...Check out, by contrast, the $11.5 billion that GMAC is being asked to raise: that’s a whopping 6.6% of risk-weighted assets....
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