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...His departure, which the bank had not previously disclosed, sheds further light on the period leading up to NYCB’s announcement last week that it had suffered losses from real estate loans that were far...
...“Insider sales by high-level execs of large amounts of stock are never a good sign, it’s quite simple,” said Elson from the University of Delaware....
...Kemble Water Finance, the main holdco, has a £190mn loan due April 30 that it can’t pay and probably won’t be able to refinance....
...the deal: DBRS’s pre-sale report includes several handy pie charts breaking down the type of artwork backing these loans: The vast majority of the artwork backing the loans is also held in storage facilities...
...From 2020 to 2022, debt-to-EBITDA multiples on new LBO loans averaged between 6.9x and 7.1x....
...I thought our finances were relatively simple, but these soft loans have thrown our divorce agreement into a spin....
...Higher funding costs can be offset by stronger loan growth. But high rates can also stymie demand for loans....
...“Take a simple idea and take it seriously.” “Show me the incentive and I will show you the outcome.” “Every time you hear ebitda, just substitute it with bullshit.”...
...It concluded that, in becoming a party to the loans, LLC5 had a main purpose of obtaining a tax advantage....
...*Sadly, CR didn’t specify which loan this was. And borrowers (annoyingly) can be stingy about loan doc access....
...It also continued to make new mortgage loans to get planters through several years of low sugar prices....
...From Bloomberg overnight: Citi Is in Talks to Start New Private Credit Strategy by Early 2024 Citigroup Inc. is in discussions to start a new direct-lending strategy by early January, the latest in a series...
...But that is what Shopify has become, since Lütke set it up in 2006 as a simple maker of ecommerce websites....
...“And that means the historical simple math that we all did — the number of members times the monthly price — is increasingly less accurate in capturing the state of the business.”...
...The bank also took a loss on a loan to a rent-controlled New York City multifamily building — an asset type that was NYCB’s speciality before its recent mergers....
...Banks could be at risk too; lower rates would pinch net interest margins, already at record lows, without doing much to curb the pipeline of bad property loans....
...“You know they’re tracking the price of bitcoin and investing in bitcoin, and that is a really simple investment to understand.”...
...It has to do with whether it is possible to draw a meaningful causal connection between a simple metric of management quality (in this case, ethnic diversity) and a simple metric of corporate profitability...
...Finland, among Europe’s worst-performing markets of 2023, proved similarly easy for stock pickers because it was fairly simple to avoid outsized exposures to Russia and China....
...It’s not a simple question. Plender makes one relevant point: in a higher rate environment, growth in corporate profits will probably slow....
...NYCB parted ways with its previous CRO shortly before it reported the larger than expected loan losses in January....
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome, high interest loans in favour of a cheaper alternative, according to data from Bank...
...“Over the course of the year, look for loan losses to continue to grind higher,” said Jason Goldberg, banking analyst at Barclays....
...NAV loans in particular are under more scrutiny from investors as they have become more common....
...They function as a place for depositors to safely store their cash and obtain other financial services beyond loans....
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