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...Kunal Soni, a former managing director at The Carlyle Group, has joined Morgan Stanley Investment Management’s direct lending team in Los Angeles....
...The strength of demand has allowed some loosening of lending standards, said Valerie Potenza, an analyst at Xtract Research in New York....
...Last year was exceptional for Europe Inc in terms of growth, profitability and business expectations....
...Berkshire and 3G also teamed up when Burger King took Tim Hortons private, with Berkshire lending $3bn to the company at a 9 per cent interest rate. The company paid off that obligation last year....
...Smart reads David v Goliath Large consumer goods companies are starting to feel the impact of their smaller, more innovative rivals....
...However, it falls short of lending full backing to either Apple or Samsung....
...DR Horton revealed a bigger climb in its quarterly profits than expected on Tuesday, lending a lift to the homebuilder sector....
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...The company’s operations span insurance and lending, railways, manufacturing and power companies, and it maintains a portfolio of minority stakes in other large US companies....
...In the future, banks are likely to pay more attention to how they can physically get at the metal they are lending against, rather than resting assured that metal is a safe asset that can sit in a warehouse...
...One of them is encouraging big mergers, such as Burger King/Tim Horton’s. ● The natural tendency of internet businesses is towards oligopoly or monopoly....
...(Bloomberg) GM “must turn over documents related to its subprime auto-lending under a subpoena issued by the U.S....
...“Banks are still pretty cautious with lending not just to buyers, but builders too.”...
...Stocks continued their upward trend after the housing data release, with DR Horton, Meritage Homes and PulteGroup all up more than 3 per cent....
...Fundraising for the group’s Europe Fund V has already exceeded targets at €2.3bn, putting it on track to be the group’s largest mezzanine debt fund....
...The bank has set out to expand domestic retail and corporate lending as a source of reliable profit – so damage to its reputation could be costly....
...- Felix Salmon on DeMarco v Geithner - Finance must escape the shadows. - ECB Q&A: will we see a big bazooka or pea-shooter on Thursday? - Fed in the dark on jobs....
...Homebuilder PulteGroup fell 2.4 per cent to $7.80 on the home sales data, with DR Horton off 2.6 per cent to $14.12 and Lennar down 2.9 per cent to $22.13....
...Lennar shares climbed 7.9 per cent to $22.01 and DR Horton was up 7.2 per cent to $13.91....
...Among the many other insurance industry executives with experience in different parts of financial services is Mr Lee’s predecessor, Andy Haste, who worked in consumer lending at GE Capital....
...Related reading: Turkey: inflation nears 10 per cent, beyondbrics Turkey: regulators v banks, beyondbrics Fitch: not so Turkey-friendly, beyondbrics Turkey’s central bank plays hardball, beyondbrics Turkey...
...By business new europe PPF Group, the investment vehicle of Czech tycoon Petr Kellner, is in the preliminary stages of planning an international IPO of its subsidiary holding Home Credit B.V....
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