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...These debts include mortgages and loans for cars, rental equipment and yachts....
...But Glass Lewis said shareholders could have been given a “more thorough rationale” for his “significant” base salary and further detail on how his pay compares with rivals....
...The unrest has punctured a period of relative calm for Solomon, who had come under fire earlier in his tenure over mis-steps on pay and strategy....
...On Thursday it also agreed a £80mn construction loan for new serviced apartment buildings, and replaced an existing construction facility with a £132mn loan on a mixed-use building that includes offices,...
...“Investors are not a fan of the partner loans,” said one analyst, adding that the loans were a “source of pressure” for the wealth manager....
...But charging would represent the first time that Google — which for many years offered free consumer services funded entirely by advertising — has made people pay for enhancements to its core search product...
...SoftBank founder Masayoshi Son has piled debt on the Silicon Valley mansion he acquired for a record sum, using the showpiece house as security for a multimillion-dollar loan....
...Reliant on borrowing, it shifts no fundamentals and the justifiable fear for the Conservatives is that when the loan expires, they will find themselves no better off....
...Its $400mn convertible looks relatively cheap, yielding 4 to 4.5 per cent for a duration of 7.5 years. Viavi might have had to pay perhaps 8 per cent for a loan of similar size and duration....
...And so to keep up, it will pay up. While Capital One trades at 1.4 times tangible book value, it will pay 2.6 times for Discover, inclusive of a 27 per cent premium owed to shareholders....
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...The court filings in the case, along with the public hearings held in 2023, provided a rare glimpse into the complex workings of how pay and status are set for elite finance moneymakers....
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome loans in favour of a cheaper alternative, according to data from Bank of America....
...They’re basically investment trusts that make loans to smaller companies, have a 2x cap on leverage, usually list shares on a stock exchange and have to pay out 90 per cent of profits to investors....
...“For this reason, support to the new policy is not warranted.” ISS backed the rest of the bank’s proposals for this year. It supported the pay plan last year....
...Through that demand pick-up for high-yield, leveraged loans also rallied in sympathy....
...Amer said in its filing that it intended to use the proceeds of any transaction to pay off outstanding shareholder loans....
...Am I liable to help pay back his parents, even though I had no knowledge of these loans?...
...“No one has calculated the opportunity cost of HMRC pursuing loan schemes for lots of people who can’t pay.”...
...However, Gref said that 2024 would be “significantly more challenging” for the Russian banking sector because the regulatory requirements were tightening and loan demand would decrease....
...The central bank’s “pledged supplementary lending” programme, a quasi-fiscal facility for cut-price loans used in past stimulus pushes, increased the pace of lending 12 per cent in December....
...One thing that should be clear is who pays for what. But the Apollo case shows that in private equity, monitoring and enforcing contract terms is not so straightforward. sujeet.indap@ft.com...
...It is better for the borrower to be able to buy a car, even with a high-interest rate loan, than to be turned away, given how important it is to employment to have a vehicle in so many parts of the country...
...The move has been led by Saudi Arabia, which requires a high oil price in order to help pay for its big spending programmes, for instance on new cities or football....
...I am saying that for a long-suffering dividends nerd to put out a book called The Ownership Dividend within a week of Meta telling shareholders it will pay its very first dividend does mean he owes Mark...
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