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...“It means that management effectively refused to give auditors the information on the value of the solar farm loans they needed to do their job,” he added....
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...We make loans to really large companies with over $200mn of Ebitda at 40 per cent loan to value, or 45 per cent. Pre-GFC, those would have been smaller companies and 65, 70, 75 per cent loan to value....
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...A person familiar with Clearpay said it had seen a rise in private healthcare and diagnostic businesses wanting to offer its services. But Chrysalis’s Gregory was highly critical of BNPL services....
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...borrowed from an illegal or unlicensed loan provider in the past three years....
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...The UK agency’s customer service performance was last month described by MPs as at an “all-time low”....
...Deutsche is bracing for Postbank-related loan losses of €40mn and warned that some of the hit “may be permanent” as the impaired loans may not be recovered....
...senior loans....
...In 2015, the US Consumer Financial Protection Bureau ordered two of Hankey’s companies, Westlake Services and Wilshire Consumer Credit, to collectively pay nearly $50mn in restitution and fines....
...The company, which levered up when interest rates were low to buy non-performing loans, will get €0.7bn of cash, an equity stake in the new vehicle and a five-year contract to service the assets....
...Private credit has less than 5 per cent of these types of loans, mostly packaged for insurers....
...These range from the sale of $2.3bn of loans from PacWest to Ares via Barclays in the regional bank crisis of March 2023, Blackstone Private Credit Fund’s 19 secured credit commitment facilities, REITs’...
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...The managers of these capital pools buy up pieces of multiple bank loans, often stemming from private equity deals....
...The writer is founder of Fox Legal Training Much ink has been spilled about the degrading quality of investor protections in high-yield bond and leveraged loan agreements, also known as “covenants”....
...The calculation drew on an assumed weekly basket of goods and services, including £88 for food, £6 for alcohol, £30 for travel costs, £55 for social activities and £122 for rent....
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