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...Many of the businesses now underwrite their own debt deals, lending either directly to companies or against a host of assets....
...NYCB shares plunged nearly 40 per cent last week after it surprised investors with a loss for the final three months of 2023 and higher provisions for future loan losses, especially for lending tied to real...
...Details of the loan have not previously been reported....
...His buyout of Sotheby’s was funded with billions of dollars in loans that were initially also secured on shares in key companies in his Altice telecoms empire (he then re-negotiated the terms to have this...
...JPMorgan paid a rate of 2.85 per cent, up from 1.85 per cent in the prior-year period. Higher funding costs can be offset by stronger loan growth. But high rates can also stymie demand for loans....
...The UK tax resident entity had claimed tax relief for interest costs linked to the loans, and tried to reduce the UK tax bills of other, profitable companies in the BlackRock group by setting the resulting...
...*Sadly, CR didn’t specify which loan this was. And borrowers (annoyingly) can be stingy about loan doc access....
...When I last wrote about NYCB, a month ago, I argued that its problems are largely company-specific and non-contagious. The bank, born of two mergers (one of them with Signature!)...
...It culminated last week with the sale of a $5bn loan that backed KKR’s purchase of a stake in a healthcare technology company known as Cotiviti....
...that guide how loans are reviewed....
...Worse, banks have cut specialised loans to oil and gas companies as a direct result of the tax....
...of lending money to companies....
...“Over the course of the year, look for loan losses to continue to grind higher,” said Jason Goldberg, banking analyst at Barclays....
...The bank blamed in particular a rise in expected loan losses, many of which emanated from loans tied to office buildings, bank executives said....
...Fink noted that public equities and bonds now accounted for 70 per cent of financing for non-financial companies in the US, the highest proportion in the world....
...A record amount of loans are maturing and need refinancing this year and next. Yet they need interest from the high-yield loans to finance the generous deposit rates required to attract savers....
...The auditors of large US companies are required not just to sign off on the annual figures themselves but also on the internal controls and systems that a company used to produce them....
...Rocket Company, owner of Quicken Loans, the country’s largest non-bank mortgage lender, is up 66 per cent since November....
...Payment services company Magnati was spun out of First Abu Dhabi Bank and is now majority owned by Canadian private equity giant Brookfield....
...This has prompted the industry to use alternative money-raising tactics, including so-called net asset value financing — loans secured against typically highly indebted portfolio companies — and transferring...
...A certain type of Wall Street observer talks about a Mag 7 “bubble”, but the valuations of Meta and Alphabet — two tech companies that make their money selling advertising — are quite close to the valuation...
...Its shares rose on Thursday after its new management team told analysts it would diversify away from loans to apartment buildings, many of which are subject to New York’s strict laws on rent control and...
...The US Federal Reserve reported on Friday that US banks crossed the 13-figure threshold in loans outstanding to non-deposit-taking financial companies at the end of January....
...“It holds a lot of weight when we calculate loan-to-value, or our measure of leverage,” said Jennifer Panger, the lead S&P analyst covering Icahn Enterprises....
...In 2022, to help fund his Twitter acquisition, Musk sold more than $20bn worth of his Tesla stock, and pledged even more for a $12.5bn margin loan though the latter was never executed....
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