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...Just over two years ago, Credit Suisse broke new ground with a so-called synthetic securitisation of a portfolio of loans tied to the yachts and private jets of oligarchs and billionaires....
...This month is the soft launch of VIV Arts, a sales platform to support artists and collectors of a more experiential bent....
...Non-performing assets for both have lived up to their name, proving harder and more costly to collect than expected. The credit cycle has not helped....
...Their opening show, Field of Difference, shows a wide range of disciplines, including ceramics, tapestry, sound and video, and does credit to its 11 chosen artists, including Albano Hernández, Gusty Ferro...
...The 4th Baron Rothschild, OM, who has died aged 87, was a dynamic investor, collector and philanthropist with an unparalleled network and an effortless charm, who broke away from the family bank NM Rothschild...
...But it is department stores, rather than lenders, that may have most to lose as the credit cycle sours. The biggest of these — Macy’s, Nordstrom and Kohl’s — do not own their credit card portfolios....
...“A gallery has this scholarly expertise and also knows what collectors are looking for by talking to them all the time.”...
...Visa and Mastercard — the country’s two biggest card payment processors — have agreed to lower the fees that merchants pay to accept credit card payments....
...In all, banks’ share of private lending in the US economy has fallen from 60 per cent in 1970 to 35 per cent last year, according to a new National Bureau of Economic Research paper....
...Ballast for the theory comes from a National Bureau of Economic Research paper....
...And there has been an “explosion” in the use of credit, it adds: about half of collectors report buying art with loans and art is increasingly being used as collateral for borrowing....
...The iPhone maker said on Friday that the Cyberspace Administration of China had ordered the applications’ removal from the Apple App Store in the country because of “national security concerns”....
...Likewise, the technology can offer personalised financial advice to Credit Karma users and help generate marketing content for customers at MailChimp....
...The generally diplomatic British art collector and businessman Chris Ingram, 80, sees no reason to hold back his views on some fellow art-buyers....
...and small banks as merchants gained the ability to steer customers to preferred credit cards....
...regulator, and the Swiss National Bank, to cite just some of the many mis-steps....
...The economy’s “long-term positive fundamentals have not changed, and China’s ability and determination to maintain good sovereign credit have also not changed”....
..., music director of the Royal Scottish National and Minnesota Orchestras....
...More than 40 per cent of collectors reported using credit or other types of loan to buy art — higher than McAndrew expected — including 30 per cent in 2022 and 2023 to date....
...The article was predominantly devoted to the reduction in rocketry costs and the national rivalries — both political and military....
...Alain Servais, a Belgian collector who began his investment banking career in 1987 and now visits more than 50 major art events a year, says, “I needed art to escape the rat race....
...Or as David Frederick of the National Security Agency echoed: “You cannot overstate the critical mass of prepositioning and attack capabilities.”...
...David Ellison, who runs Skydance, has 30 days to reach a deal with the company controlled by Shari Redstone’s National Amusements (NAI), her family’s privately owned cinema group that holds 77 per cent of...
...Smart reads Unlikely backer Retired hedge fund billionaire Leon Cooperman and a “predatory” cash-advance company had no reason to cross paths, Bloomberg reports. Then came a private credit fund....
...What trends have been observed in consumer spending and credit delinquency in the US?...
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