Hints and tips:
...Dumbadze supported the proposal for a Russian-style “foreign agents” law targeting media and NGOs who receive more than a fifth of their funding from abroad....
...“EU governments may be reluctant to become subject to any sort of conditionality and prefer instead borrowing by using national bonds, or not borrowing at all,” said Lorenzo Codogno of LC Macro Advisors....
...Consumer grew 11% LC on a pro-forma, basis, vs. flat LC PF performance last quarter....
...Lorenzo Codogno, founder of risk consultancy LC Advisers, said the consensus view was that a deterioration in the outlook for banks as a result of the worsening economy “is manageable”....
...And for now the questions over investor demand for Italian debt can be postponed, as the country has already raised more than 95 per cent of this year’s funding needs....
...Lorenzo Codogno, Founder and Chief Economist, LC-MA 1.2%....
...The Eurosystem central banks also own 23 per cent as a result of quantitative easing, so it could limit “ the impact of risk-off episodes on the cost of funding”, ie. bond yields rising sharply as investors...
...Lorenzo Codogno , founder and chief economist, LC Macro Advisors It is possible, although it will not be lasting. In order to see a more lasting rebound, the final trade agreement would be needed....
...At the same time, banks are seeking to increase their net interest margins – the difference between the level lenders charge for loans and have to pay for funding, like deposits....
...Lorenzo Codogno, founder of LC Macro Advisors and former chief economist at the Italian Treasury, said: “This first jumbo operation is likely to jump-start a market for NPLs [non-performing loans] in Italy...
...The lenders meanwhile are trying to channel more funds to loans themselves by managing money — SoFi has set up its own hedge fund, while Lending Club has an investment arm called LC Advisors....
...Glencore has put out a funding fact sheet on Wednesday in a bid to settle nerves over the scale and scope of its market-dependent leverage. You can find the statement here....
...“Now this process will be an application measured in minutes, and funding in hours”....
...Latterly, Jeff Bogan, head of the investor group at Lending Club, had been trying to open up a new funding channel via the securitisation markets....
...Now the worry is that such deposit funding may prove fleeting as the Fed retreats....
...The first person to tackle the problem was Fashion East founder Lulu Kennedy, who approached Topman for funding and partnership....
...We’ve seen explanations of how the famous Chinese copper (and other commodity collateral) LC financing trade works in the past....
...And we all know what happened to commodities last time the market lost faith in LCs. Liquidation....
...Initially via a letter of credit and then by using deferred payment LC, they create a borrowing vehicle....
...Then came austerity: the government cut funding to councils, which in turn cut or froze the fees they paid to care homes....
...“There is going to be consolidation in the care home industry and private equity is looking to pick the best quality operators that have the highest quality product,” said Paul Saper, head of LCS International...
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