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...The finance ministry summoned officials from the country’s top commercial banks to a meeting on Monday to arrange the underwriting of the long-dated bonds, according to an internal notice sent to some banks...
...The deal, which marks the first joint funding arrangement between the Scottish National Investment Bank and the UK Infrastructure Bank, follows last year’s investment of £300mn from US private equity firm...
...Check the latest interest rates on National Savings & Investments accounts. See our coverage of the latest savings and investment issues....
...Rio Tinto has appointed Bold Baatar as chief commercial officer, cementing the charismatic Mongolian national’s position as a frontrunner to eventually become the Anglo-Australian mining group’s next boss...
...Rio Tinto has appointed Bold Baatar, a charismatic Mongolian national touted as the Anglo-Australian company’s likely next leader, as chief commercial officer....
...From a report the investment bank sent out yesterday, with Alphaville’s emphasis below: — The wide adoption of hybrid work caused a structural decline in office demand....
...However, they are also among the largest commercial real estate lenders in Germany, where Deutsche Bank leads, followed by state-owned Landesbanks LBBW and BayernLB....
...Regional US lender New York Community Bancorp on Wednesday revealed it had taken large losses on loans tied to commercial property, while Japan’s Aozora Bank and Deutsche Bank on Thursday warned about the...
...Signs of stress in the commercial real estate sector are now coming thick and fast....
...New lending to UK commercial real estate fell to a historic low in 2023 as lenders and investors struggled with falling property values, higher debt costs and pressure to deal with troubled loans....
...It’s been clear for nearly a year that regional banks’ fates could turn on their exposure to commercial real estate markets, and New York Community Bancorp just gave investors a very jarring reminder....
...Corporate lending was up, even in commercial real estate, which has been an area of concern. The volume of mortgages outstanding at US banks was flat from the end of the year....
...Analysts at the bank said they derived the figure by making estimates based on calculations on excess transactions for 54 Chinese ETFs....
...The sharp deterioration took place in the last year after delinquent commercial property debt for the six big banks nearly tripled to $9.3bn....
...Among regional banks, Bank OZK and Valley National Bancorp stand out, with high exposure to CRE loans but low CRE reserve ratios, according to Morgan Stanley research....
...This is an audio transcript of the Unhedged podcast episode: ‘Will commercial real estate hurt regional banks?’...
...via commercial paper and bonds....
...The Swiss National Bank has become the latest central bank to leave its main interest rate on hold, keeping its policy rate at 1.75 per cent....
...Banks will have to cut their exposure to commercial real estate because of a $2tn “wall” of property debt coming due in the next three years, according to a leading US brokerage....
...The Venice Biennale, ostensibly a non-commercial extravaganza, can swiftly raise an artist’s prices as well as their reputation, so it is no stranger to the commercial sector....
...A soon-to-be-published IMF survey of national debt management offices in emerging and developing economies shows that such knowledge asymmetries are not limited to commercial banks and domestic borrowers...
...However, this has been read by some in the market as a signal that sellers are hopeful that they can wait for better prices after the Bank of England lowers borrowing costs....
...Former Royal Bank of Scotland head Ross McEwan will stand down in April as chief executive of National Australia Bank, the country’s third-largest lender....
...Bank of China, the most internationally exposed bank among its peers, now operates a sprawling network of 534 branches, covering a third of countries globally, according to its latest annual report....
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