Hints and tips:
...Smart reads Survival mode Russia’s VTB was meant to rival Europe’s biggest lenders....
...Following in the footsteps of Washington Post owner Jeff Bezos and biotech billionaire Patrick Soon-Shiong’s purchase of the LA Times, Maryland hotel magnate Stewart Bainum has agreed to launch a non-profit...
...The Las Vegas Sands said in October it would consider offloading its Vegas properties if the price was right, Bloomberg reported....
...For the second consecutive year, Spain’s FC Barcelona topped the rich list, despite being 10 points off the top spot in La Liga, Spain’s top division, after a slow start to the season....
...The company behind Las Vegas’s Caesars Palace, Harrah’s and Planet Hollywood was about to close a $17bn, debt-laden sale to Eldorado Resorts....
...The industrialist has emerged out of retirement to regain a stake in GEDI media group, which is home to titles including La Repubblica and La Stampa....
...“We’re definitely seeing it in Las Vegas. This apartment market is extremely hot.”...
...“It was his birthday a few years ago and he called me to see I wanted to come to his party in Las Vegas,” the friend says....
...Another investor is Thomas Dundon, the founder and former chief executive of Santander Consumer, a subprime car lender....
...LA Fitness was put up for sale in November 2014 by the banks that control it. The lenders, which included Royal Bank of Scotland, took control after a debt-for-equity swap in 2013....
...The company’s strategy has always been to get the senior lenders on board before taking on the more junior creditors who are facing big losses....
...The group’s hotels and casinos, including the flagship Caesars Palace in Las Vegas, never saw their business fully recover....
...(Financial Times) Citic “has bought a stake in U.S. brokerage firm BTIG LLC, the company’s latest move to grow outside of China through buying a holding in a Western investment firm....
...One senior structured finance banker says that, at the recent American Securitisation Forum conference in Las Vegas, the industry’s biggest annual gathering, one in three of his firm’s meetings were on the...
...Caixabank, the listed arm of Catalan savings bank La Caixa, said its net income in the three months to September fell from €12m in 2011 to €7m this year....
...The fund bought an initial 50 per cent holding in PortAventura three years ago, and will now acquire the remaining stake from the industrial holding arm of La Caixa, the Spanish lender....
...While Santander and BBVA, Spain’s two largest lenders, have international operations that have helped them diversify away from a weak Spanish economy, others such as La Caixa and Banco Popular are almost...
...But Banco Popular, another listed bank that is Spain’s sixth biggest lender, was told it would need to raise €3.2bn of fresh capital....
...The tests however provided a ringing endorsement of Spain’s biggest three banks by assets, with Banco Santander, BBVA and La Caixa not requiring any new capital even under the most adverse scenario....
...However officials said the scheme would not be a bank, and would require participating lenders to set aside sufficient provisions....
...While Caixabank, the new banking arm of La Caixa, floated at 0.8 times book value, Bankia managed only 0.4 times and Caixa Catalunya is expected to be valued at around 0.2....
...Wynn Resorts and Las Vegas Sands slid to their fifth consecutive sessions of losses, and Melco Crown Entertainment its fourth in five, as investors fretted that a potential slowdown in the Chinese economy...
...Lion already has investments in retailers including American Apparel and La Senza, and was attracted by All Saints’s growing presence in the US....
...It has 10 stores in cities including New York and Las Vegas, and has plans to open in Chicago and Washington....
...In a separate move, Apax Partners has held talks with Banco Santander about buying a minority stake in Bank Zachodni WBK, the Polish bank, which was bought by the Spanish lender last year....
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