Hints and tips:
Related Special Reports
...Two Chinese state-owned banks hold a crucial role in the future of Thames Water, as part of a group of lenders involved in a stand-off over debt at the parent company of Britain’s largest water utility....
...The group said this year that it made a £426mn provision for potential client refunds that resulted in a pre-tax loss of £4.5mn in 2023....
...The £515mn increase in debt at Kemble has pushed the group’s consolidated borrowings to over £18bn, having risen from just over £15bn as of March 31 2022....
...Both groups are still lossmaking. By contrast, Zopa — which has 1mn customers — has focused on savings accounts and offering credit cards, car finance and personal loans....
...The group’s loan comes as concerns grow over the financial stability of Thames Water, which is struggling under an £18bn group debt mountain....
...“As previously disclosed to the FT in 2022, loans to the [Isle of Man] companies are fully disclosed in the EG Group accounts and continue to be so,” said EG Group....
...Parts of the group have also been used as collateral for the Carlyle loan. The family and RedBird IMI declined to comment....
...within the group when advisers want to leave or slim down their practice book....
...That year, the sector lent £29mn to start-ups, with an average loan size of £11,704, and £52mn to small and medium-sized businesses with an average loan size of £69,325....
...The loan was extended in the summer of 2023, at a period when the WKStA believes it was already clear to Benko the Signa Group was financially in trouble....
...However, “repeated and continuing” breaches of contract meant Carlyle could “no longer wait patiently” for the loan’s repayment, the private equity group said....
...The Vancouver-based group said on Thursday that the loan, which is the largest ever extended by the US Department of Energy to a mining group, will help it develop the Thacker Pass project that will generate...
...For context, single-family residential mortgages made up 34% of FDIC-insured bank loan books in 2009, a far higher level than the 9.3% of loan books currently made up by CRE loans....
...That can no longer be taken for granted with state-owned China Construction Bank (CCB) taking rare legal action against the troubled mainland developer Shimao Group....
...Discover Financial shares tumbled as one of the biggest credit card groups in the US revealed it has set aside almost $2bn to protect against loan losses and its quarterly profit more than halved....
...The Hankey Group’s biggest business, Westlake Financial, is the US’s largest lender to independent, and often used, car dealerships, allowing the dealers to offer loans directly to car buyers at the time...
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...cross-party groups in Parliament....
...Private equity group Carlyle will take control of Southend Airport after sealing a deal to resolve a row over a loan made during the pandemic....
...Borrowers in private-credit markets, on the other hand, have a direct relationship with a smaller group of lenders....
...Canary Wharf Group will receive a £118mn loan from a government housing infrastructure fund to support developing a life-sciences centre, a healthcare diagnostic facility and several hundred new homes....
...Formerly known as Stobart Group, Esken shares fell 50 per cent to 19 pence on Monday, giving it a market capitalisation of less than £2mn....
...A quick refresher for readers who aren’t finance sickos like us: Collateralised loan obligations are one of those fun investment vehicles that bundles junk-rated loans, packages them into a new security...
...Banking lobby group UK Finance said previously that personal guarantees reduce risk to lenders, allowing for greater availability of loans at lower interest rates....
...The major danger is that this will translate in the multiplication of non-financial provisions in the restructuring agreements reached by countries with myriad creditor groups, each trying to ensure they...
International Edition