Hints and tips:
...Venture capital groups are working on a long-shot plan to preserve parts of Silicon Valley Bank so it can keep serving clients in the technology sector, according to people briefed on the effort....
...Millicom is based in Luxembourg but operates predominantly in Latin America under its Tigo brand for mobile and cable services, serving about 50mn customers....
...Finback was considering buying a stake in Gideon Cyber Systems LLC, according to the term sheet....
...Before the group’s spin-off, he worked for 23 years at Blackstone, serving as a senior managing director and head of its restructuring group....
...But either way, Blackstone has skipped a payment on a $274m hotel loan, DD’s Mark Vandevelde and Eric Platt reported last week, joining the ranks of leading real estate investors that have fallen behind...
...In the Seagram Building a few miles to the north, the Four Seasons is still serving up a decent asparagus agnolotti....
...That’s because Norinchukin Bank, a Japanese agricultural lender, has spent the past 18 months gorging on collateralised-loan obligations....
...Credicom specialised in car finance, but it stopped making new loans four years ago and wrote down the value of its remaining €150m loan book to €40m....
...Using some investor money, he bought the $23m Neverland loan and cancelled a plan to auction off the property....
...The bank recorded its first annual profit in 2017, thanks to rapid growth in its loan book and revenues....
...So far, in the three months since the proportion of IQE shares on loan to short sellers hit 7 per cent — allowing them to sell what they did not buy, with the aim of buying them back more cheaply — the price...
...The scenario would be more nightmarish if the contingent premium discussed for one loan deal were not 0.5 per cent....
...Last February, for example, it began a public correspondence with Ocwen Financial, the non-bank mortgage servicing company which was rapidly picking up assets from the banks, detailing concerns over its...
...Civilised Bank is another challenger seeking a licence, with a view to serving medium-sized businesses before breaking into the retail market....
...Serving a first-class snack of macadamia nuts in a bag instead of on a plate. The so-called “nut-rage” spat sparked an outrage and forced Ms Cho to resign....
...JPMorgan Chase, Ocwen Financial and SunTrust Bank have agreed in subsequent civil settlements to provide an additional $9.3bn in relief to homeowners....
...It follows concerns over the company’s ability to handle more loans, a person familiar with the matter said....
...The company sold billions of dollars worth of home loans and mortgage servicing rights to buyers including Ocwen Financial and Berkshire Hathaway....
...Walter, Nationstar and Ocwen Financial snapped up MSRs from their much larger bank competitors to achieve their improved industry ranking....
...Mr Falcone has maintained he repaid the loan with interest....
...It is the latest deal for Ocwen this year following the acquisition of servicing companies including Litton Loan Servicing from Goldman Sachs and Saxon Mortgage Servicers from Morgan Stanley....
...The successful auction follows the sale of ResCap’s mortgage servicing business to Ocwen Financial for $3bn on Wednesday after it won a bidding war with Nationstar Mortgage....
...The more complicated area is its attempt to sever the link with ResCap, its mortgage subsidiary, to protect itself from demands for compensation for soured home loans....
...Such loans require intensive and costly servicing....
...“You won’t even get a meeting with the Qataris unless you have a financing package to go with it,” says one banker who has spent years serving clients in the Gulf....
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