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...In a research note on Monday, Bank of America analysts said they had “several conversations” with the NYCB management team over the past 48 hours....
...Sotheby’s can pay its agents more, Azar said, in part because he has torn up the traditional system of neighbourhood offices, giving his agents geographic freedom and cutting layers of management....
...But other acquisitions, among them Neptune Investment Management in 2019, Architas in 2020 and Majedie in 2022, are still to pay off....
...Investors could hence starve the former of capital and provide it in spades to the latter, doing their bit for the planet while making outsize returns....
...The first is a standalone public company — albeit with a lot of other businesses bolted on — while the latter two are part of broader listed companies, S&P Global and LSEG respectively....
...Moody’s said NYCB faced numerous “financial, management and risk management” issues....
...BPY’s core property portfolio contains almost 200mn gross square feet of office and retail space, in about 200 locations....
...Alexander Yokum, an analyst at CFRA, downgraded NYCB’s shares to “hold” on Wednesday, saying: “Our diminished view reflects falling confidence in management’s ability to integrate its recent acquisitions...
...The decline moderated, leaving shares down almost 26 per cent on the day and taking their year-to-date drop to 65 per cent amid worries about the US regional lender’s exposure to the commercial property...
...Fondul “started a chain reaction” in Romanian capital markets, said Victor Căpitanu, head of One United Properties, a Bucharest property developer and one of the country’s biggest listed companies....
...The bulk of the $12.5bn that BlackRock is paying for GIP will go to the latter’s six founders....
...Implicitly or explicitly, the former have been saying to the latter: if you want us to continue to finance new infrastructure, you need to absorb more risk because macroeconomic conditions have turned against...
...After taking the keys to the auction house, Drahi then layered on hundreds of millions of dollars more debt by mortgaging off Sotheby’s trophy properties in London and New York....
...The latter represents 29 per cent of total payment volume. But it generates about 80 per cent of net transaction profits — a proxy for gross profit, said Mizuho....
...Analysts expect the country’s economy to continue to slow in the medium term thanks to the property downturn and demographic decline....
...“action to implement management that is conscious of cost of capital and stock price”....
...These caps would limit management’s ability to isolate key corporate assets and give new lenders better security than existing lenders, while still permitting some flexibility....
...Integrating two IT systems and two risk management strategies looks particularly complex....
...It involves turning assets such as stocks and bonds, property, mutual funds or even data into a digital token recorded on a blockchain....
...Vanessa Errecarte is a lecturer in marketing at the UC Davis Graduate School of Management and owns a branding and digital marketing consultancy, Marketing Simplified...
...Arkhouse Management has launched a proxy fight to take control of the board after Macy’s rejected its unsolicited $5.8bn take-private offer....
...Doing so required a huge current account surplus prior to the 2008 global financial crisis and, subsequently, China’s debt-fuelled property boom. The latter is now apparently over. So what next?...
...This includes the homebuilders (up 40 per cent or so) and commercial real estate plays such as Boston Properties and Simon Property Group....
...The strategist and professor Michael Mauboussin, of Morgan Stanley Investment Management, has a new paper tracing increasing returns to five separate causes: economies of scale; international trade; learning...
...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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