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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....
...In the investor document, SJP said its “business sale and purchase scheme” benefits clients, partners and shareholders because it supports adviser and client retention, promotes continuity of service for...
...SJP classes these loans on its books as “underperforming”....
...“Ultimately some people may feel forced to make a decision about whether the debt from the loan is worth taking on given how the condition is affecting their quality of life,” he said....
...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”....
...Better still for auditors, there is evidence investors are willing to pay for a more robust service....
...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....
...quality control process....
...BofA increased its estimate of expected loan losses at a time when its rivals were seeing loan losses level off....
...The CQC said: “We hold private and publicly funded services to account in the same way....
...By “volatility shield”, of course, they mean “infrequent updates of often-subjective loan marks”....
...“We recruit the top quality lawyers . . . [and we want to] share the success.” The remuneration changes will take effect from June 1, the firm said....
...And on its own, Altice France is big enough to have a noticeable impact on the share of CLOs that are in breach of their loan-quality requirements: The effect could spread globally if there are downgrades...
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...Bloomberg looked at the huge range of valuations being put on loans in the private market....
...Chang’s and business technology provider Computer Services Inc....
...PBs are one of the main links between traditional banks and shadow banks, offering services like custody, margin loans, derivatives, research and introduction to companies and investors....
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...The Belpointe spokesperson said the company had made “solid progress on many fronts”, such as taking a $56mn mezzanine loan. The pressure is likely to intensify in the coming months....
...The UK’s top financial regulator has vowed to improve individuals’ access to suitable loans by standardising how lenders exchange information about previous debt....
...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....
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...borrowed from an illegal or unlicensed loan provider in the past three years....
...They’re willing to do deals for high-quality credits. You can get a deal done for a double-B senior loan at a 300-350bp spread all day long. That market’s wide open....
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