Hints and tips:
...With investors eyeing double-digit rent growth in 2020-21, capital poured into metros like Miami, Austin and Phoenix, leading to huge construction booms. The hangover is here....
...An oversupply of apartments in, say, Phoenix might some day balance out a shortfall in Los Angeles, but only after years of migration. Nor are rents particularly cheap....
...What do nursing homes in New York and warehouses in Phoenix have in common? This is a big reason regional banks do the bulk of CRE lending; it is highly localised....
...His mysterious death triggered the swift collapse of his publishing empire as banks called in their loans....
...Bank fined £10mn by UK regulator for misleading investors (FT + Lex) Venture capitalists seek to buy Phoenix Suns with potential financing from Peter Thiel and others (Wall Street Journal)...
...Housing prices have also skyrocketed in the metro areas of several states with competitive Senate races....
...Its website allows people to “Join for Updates”, but not much else. 14) SEBA Bank ($1mn for “<1%”) SEBA Bank, a Swiss crypto bank, hailed the FTX connection when it announced a Chf110m Series C raise in...
...Commodity trading blow ups are hardly unique to Singapore, they add, pointing to the recent debt crisis at Dubai-based Phoenix Commodities....
...He appears to have brought the same approach to his chairmanship of Metro, the fast-growing UK challenger bank....
...The courier he works for, Metro Africa Xpress, trained him to be vague, in case customers are disappointed with its client, Jumia, the pan-African ecommerce site that listed on the New York Stock Exchange...
...Addressed to ConePay, the letter had arrived in the mail about a year ago, a single missive from an entity called Wirecard Bank....
...He previously held the same title at Instinet Incorporated, the independent equity trading arm of its parent, Nomura Group....
...Last week, a spokesperson for Metro Bank said it has “strong review and benchmarking processes in place” to ensure that the terms of its work with InterArch are “favourable for the bank”....
...The deal will be funded by €635m of bank debt. The portfolio was originally built up by Metro AG, but the group subsequently decided to sell the properties....
...Yet the worry is that instances of real wrongdoing — for example, tainted M&A advice from the investment bank RBC over the sale of ambulance company Rural/Metro cost the bank $100m a few years ago — cannot...
...The long list of disposals included Indonesian-origin Dutch trading house Hagemeyer, its flagship Thai consumer-products company Berli Jucker, a stake in property manager Savills, banks and more....
...But his colleagues warned him against it, since their company, Taiger, though based in Singapore, was incorporated in Spain....
...In a high-profile case in 2015, he won an $97m judgment against Royal Bank of Canada, in which the bank was found to have rigged the sale process of ambulance company Rural Metro in an attempt to earn financing...
...Greg Stanton, the mayor of Phoenix, Arizona, says many local leaders are tired of waiting for a breakthrough in Washington and are instead forging ahead on their own....
...The court, which hears disputes in the state where most US groups are incorporated, found that RBC owes $76m plus interest to damaged Rural/Metro shareholders because it provided tainted advice on the $728m...
...It says its new touchscreens incorporated into gaming machines have attracted great interest at expos in the US and UK....
...Now they are being turned into pop-up gardens, while vacant bank buildings have become restaurants serving local produce....
...Examples include the UK’s Metro Bank and Sofol Tepeyac in Mexico....
...Phoenix, incorporated in the Cayman Islands, is not subject to the UK takeover code....
...From RNS: Resolution notes recent press speculation and confirms that, whilst it did investigate the possible acquisition of Phoenix Group Holdings (“Phoenix”) with both Phoenix and its lending banks, these...
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