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...Life insurers, particularly those linked to private equity groups, have pushed deeper into asset-backed securities in pursuit of investments that are a good match for their long-term liabilities but offer...
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...Investigators alleged that the younger Dhoot had a “false” certificate submitted to the bank stating the money had been paid to a supplier....
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...for loans....
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...Last week, German beauty retailer Douglas, a business backed by private equity group CVC Capital Partners, announced plans to list in Frankfurt seeking a valuation of about €6bn....
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...That has thrown the private equity-backed insurance roll-up strategy into doubt, according to a person familiar with Viridium’s view: “It is clear that we can only keep growing if there is an ownership structure...
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...Singh said the US proposal would involve bringing forward the “present value of the future interest stream of the immobilised assets, either through a bond or a loan”....
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...Broader securitisation and asset-backed lending have proliferated too....
...Data shows that this direct lending market now has $800bn of assets under management, compared to about $1.4tn of syndicated loans outstanding....
...Loans from the fund are typically extended for up to 20 years, secured against property assets and carrying a “commercial” interest rate....
...A New York fintech that has become a top source of US small business loans is partnering with a payments group backed by Brookfield to try to do the same thing in Abu Dhabi....
...Some threatened to recall loans unless borrowers put up personal guarantees backed by their family homes. Others pushed “distressed” SMEs into bank divisions with a penchant for asset stripping....
...With net debt making up 87 per cent of its enterprise value, the property group has had to hustle to sell assets to strengthen its balance sheet....
...Coventry is the UK’s third-largest mutual lender with about 2mn members and assets of £62.5bn....
...DiNello added that the bank was open to selling “non-core assets”, without elaborating further....
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...They function as a place for depositors to safely store their cash and obtain other financial services beyond loans....
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