Hints and tips:
...The remainder of the book is a smattering of pieces including $1.2bn of loans to wineries, $10.5bn of loans to clients of its private bank — predominantly mortgages and home equity lines of credit — and...
...Its bet on Scottish Mortgage is not Elliott’s only recent interest in London-listed companies....
...Elliott has a long record of distressed debt investing, it is best known in the UK for its activist equity bets, including pushing for change at pharmaceuticals group GSK and more recently at Scottish Mortgage...
...Also in the group is Manuel Sánchez Rodriguez, a former top executive at Spanish bank BBVA and a board member, since 2018, of the US government-backed mortgage insurance company Fannie Mae....
...What is a “transportation service”? It’s one of just a few services costs that drove an acceleration of consumer prices in January: Shelter costs, transportation services and medical services....
...JPMorgan’s service area did not overlap with WaMu’s, so it was not taking out a competitor. Finally, there was no cost to the DIF. In fact, JPMorgan paid nearly $2bn for the bank....
...Commercial property, and in particular mortgages on office buildings with low occupancy rates, have been a big concern for lenders since the Fed started lifting interest rates....
...Metro Bank also recently said that Barclays was among the potential buyers of a suite of £3bn worth of mortgages....
...Rising rates could also offer an opportunity to expand mortgage sales and connected services by using data to develop appealing digital products....
...credit-positive for banks, as the borrowers’ credibility profiling is enhanced and the debt becomes obligations of higher provincial governments,” said Nicholas Zhu, banking analyst with Moody’s Investors Service...
...The SoftBank-backed group had a huge increase in demand for its services as interest rates hit rock bottom during the pandemic....
...The merger of HDFC Bank and Housing Development Financing Corporation (HDFC) would be the largest in the country’s history and create a financial services behemoth....
...As DD’s Kaye Wiggins and Will Louch reveal, the fund has backed a range of companies across the US and in the UK, even investing in a cyber security business that provides services to the British government...
...No one does corporate drama quite like the French French IT services group Atos has been in a slow-motion crisis for a few years now as its business is disrupted by cloud computing and it churned through...
...However, banks holding lots of securities backed by mortgages, credit cards and loans for commercial real estate would get hit hard....
...First Republic’s business model of using low-cost deposits to fund cheap mortgages has been squeezed by rising interest rates....
...When it came to the brewing US subprime mortgage crisis, Crastes thought doomsayers were getting ahead of themselves....
...First Republic shares have lost more than 97 per cent of their value this year, driven down by concerns about paper losses on its mortgage book and other assets and massive deposit outflows after the March...
...To compare, in 1985 the UK had 355 banks and 167 building-society mortgage lenders....
...In 2019 Coutts became a “B Corp”, committing it to enhanced environmental, social and governance goals....
...Mortgage issuance is going to be down when you double rates. Same thing with auto lending. The one shoe that hasn’t dropped yet are cap rates and debt yields on commercial real estate....
...Job moves Former UniCredit chief executive Jean Pierre Mustier has been appointed chair of indebted French IT services group Atos following the departure of Bertrand Meunier....
...From the WSJ: “I like to call it the ‘golden handcuffs’ of mortgage rates,” said Odeta Kushi, deputy chief economist at First American Financial Corp....
...The weakest players our screen identified were Wisconsin’s Associated Bank, listed as Associated Banc-Corp, and Valley National of New Jersey....
...Just google “credit score” and there is no shortage of companies offering free credit reports or services to help fix your credit rating. There is a good reason for that....
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