Hints and tips:
...And finally — back to ethics perhaps — who will decide when it can go home again?...
...House & Home has been looking at how NFTs can secure you a home in the metaverse....
...The AlphaCentric Income Opportunities fund lost more than 30 per cent of its value last week owing to its heavy exposure to home loans to borrowers with lower credit scores....
...SoftBank founder predicts WeWork V for Victory Masayoshi Son admitted today he had turned a “blind eye” to governance lapses at WeWork but promised a “sharp V-shaped recovery” for the shared offices provider...
...WPP will also reduce is planned capex from £400m to v£300m....
...tea room by Charles Rennie Mackintosh, a celebrated Scottish architect, which had been held in storage in more than 1,000 pieces for nearly 50 years by Glasgow Museums and comes to Dundee on a 25-year loan...
...Last year was exceptional for Europe Inc in terms of growth, profitability and business expectations....
...While Drahi’s main investment vehicle Next Alt no longer has margin loans outstanding with Goldman, the US bank two years ago provided it with a “funded collar” facility — a complicated derivatives options...
...A version of this article was first published by the Nikkei Asian Review on July 4 2018. ©2018 Nikkei Inc. All rights reserved....
...The UK-based company, whose shares trade at 560 times 2019 forecast earnings, should feel right at home as it launches in America’s Golden State....
...The decision reversed an important victory that the government secured three years ago in a high-profile case over defective home loans known as “the Hustle”....
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...But 1998 was also a year of more than 30 million SOE workers being laid off, bad loans being as much as 40% of GDP and plunging economic growth....
...It said Goldman had sold $11.1bn of MBS to Fannie Mae and Freddie Mac, the state-backed mortgage finance agencies, even as “significant percentages of the underlying loans . . . had materially poorer credit...
...In the savings and loan crisis, Bank of America was the white knight....
...BofA acquired Countrywide during the credit crisis....
...After carving out the legacy asset servicing business, to work through delinquent home loans, he started in 2011 to cut costs....
...The US attorney’s office in Manhattan is seeking a $2.1bn penalty from BofA after winning a civil trial alleging a loan programme known as the “Hustle” defrauded another US agency....
...(Financial Times) In response to regulation, Goldman ditching less profitable clients and changing rules for hedge funds (WSJ) Argentina v holdouts: plus ça change (Financial Times) Espírito Santo: the...
...Freddie and Fannie Mae, the other government-backed mortgage company, were among the biggest purchasers of home loans in the run-up to the crisis....
...Last week, a jury decided that BofA had defrauded Fannie Mae and Freddie Mac, two government-backed mortgage companies, by selling them defective home loans, handing the government an important courtroom...
...(Financial Times) US jury rules against BoA in mortgage trial: Bank of America defrauded two government-backed mortgage companies by selling them defective home loans, a jury found on Wednesday, delivering...
...BofA, in turn, was being sued by MBIA for reimbursement on soured home loans arranged by Countrywide that were bundled into bonds that MBIA also insured....
...During the boom, MBIA insured bonds bundling Countrywide home loans. Ensuing defaults have produced about $5bn of damages for MBIA....
...Bankers are resurrecting the complex financial instruments – such as collateralised loan obligations – in which financial institutions pool loans of varying risk and market the securities to investors....
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