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...New York Community Bancorp and its chief risk officer parted ways shortly before the regional US lender reported larger than expected losses from real estate lending that hammered the bank’s stock....
...Delaware-registered entity Son used to buy the property, SV Projects LLC, mortgaged the house to secure a ¥10bn loan — worth $92mn at the time — from Japanese bank Mizuho to another Delaware entity called SV America Inc...
...Shares of LG Energy Solution dropped to a year-low on Wednesday after the South Korean battery producer echoed Tesla chief Elon Musk and warned electric vehicle sales were expected to slow as a result of...
...Panasonic is struggling to hang on to fourth place in electric vehicle battery shipments today, behind China’s CATL and BYD and South Korea’s LG Energy Solution....
...New York Community Bancorp shares fell 38% on Wednesday, partly on worries about the bank’s exposure to commercial real estate....
...They just want to get their hands on its vast real estate holdings. Macy’s owns hundreds of its stores....
...The rankings of the smartphone market have changed beyond recognition since Samsung took the top spot in 2011, when Nokia, LG and BlackBerry led the market....
...Delinquencies in credit card and commercial real estate loans were on the rise, the FDIC said, and were now at the highest level in almost a decade....
...Liquidators have an incentive to maximise the value that can be wrung out of a collapsed company, because they are typically paid from the proceeds of the estate, and risk making a loss if little or no cash...
...NYCB’s recent losses on property loans have rekindled worries about potential defaults in the real estate market....
...Mall real estate has already gone through its apocalyptic market meltdown. UBS analyst Jay Sole is sceptical of the real estate story, however....
...James Whelan, president of the Real Estate Board of New York, the industry trade group, called her a trailblazer....
...The worries around real estate are not limited to the US....
...As one sharp reader, Peter, pointed out, this compares apples (the value of real estate assets) to oranges (the value of real estate investment trust equity)....
...Chief among the obstacles are funding costs and exposure to the troubled commercial real estate sector....
...Barings added that Corinthia, which was founded by former real estate executive Paul Weightman in 2022, continued to contact other employees within its private credit business in the days that followed....
...Returning home from the army on the death of his father, Edward reluctantly assumes responsibility for a crumbling 600-year-old estate with mould growing on the walls — and weed growing beneath the grounds...
...Higher than expected losses from real estate loans for NYCB have revived concerns about potential defaults. The bank also cut its dividend this year to meet tougher regulatory requirements....
...Epic said Google struck deals with mobile device manufacturers such as Samsung and LG under which they accepted a bundle of Google apps including the Play Store and agreed to give its store prime placement...
...The vast majority of the company’s funds are believed to have flowed into real estate projects across the border, where 90 per cent of its assets are based and where liquidations require separate approval...
...This helps explain why the People’s Bank of China, faced with a massive real estate bust, has only gradually cut rates, which remain well above 0 per cent....
...South Korea’s three leading battery producers — LG Energy Solution, Samsung SDI and SK On — have all declared their intention to develop such cells by the late 2020s....
...Responding to popular concerns about commercial real estate — rising interest rates and work-from home-trends — he said: We have always focused on owning premier real estate in the best locations, which...
...Amherst Group, a real estate investment company, has hired Evan Levy as a vice-chair and member of the executive committee. He was previously co-head of real estate at Weil....
...real estate investor Hines....
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