Hints and tips:
...The Swiss authorities quickly brokered a takeover by arch rival UBS, while in the UK the Bank of England secured a takeover of SVB’s troubled UK subsidiary by HSBC for £1....
...In January 2011, Dezer paid off the last of his loans. Trump came down to celebrate with a “mortgage-burning” ceremony inspired by the one Trump held for a widower on a farm in Georgia in 1986....
...Following the 2008 financial crisis, the cost of these mortgages surged, in line with the Swiss franc’s appreciation against the zloty....
...In 2015 it paid a $1.4bn settlement with the US Department of Justice after being accused of inflating the ratings it gave mortgage derivatives to win business from rivals in the run-up to the 2008 financial...
...Then, in November the company’s UK subsidiary was slapped with demands from the State Bank of India and Yes Bank for repayment of loans worth about £200m....
...General Atlantic is facing scrutiny over a €300m loan it took from Greensill in 2019, at a time when it owned a stake in the company....
...SunAmerica was extremely resourceful, ploughing some of its cash into junk bonds, car loans and other unconventional assets....
...This was a “separate, independently regulated entity from the mortgage origination business at Countrywide,” he says, “and never purchased subprime loans of any kind”....
...Andres Diaz, co-owner of Latin American restaurant and dance club Her Name Was Carmen in SoHo, New York, who was denied access to a loan, told DD: “I don’t have a problem with Shake Shack, but they have...
...But corporate lending still accounts for less than 10 per cent of its loan book and was not enough to prevent a drop of 10 basis points in net interest margin to 1.12 per cent in the year to September 2019...
...The plaintiffs are three trusts that issued securities backed by 23,900 mortgage loans purchased from a Credit Suisse subsidiary....
...“I think the number has relevance, what the overall performance was,” he says, adding that it would also be fair to consider whether performance had improved since 2008....
...“I just don’t believe in monolines,” says Mr Schwartz....
...Instead, they shoulder financial risks on loans that are underwritten by commercial mortgage companies....
...Barings, a subsidiary of life insurer Mass Mutual, priced a $517m CLO — composed of loans made to weaker corporate borrowers — at the lowest spread over a benchmark interest rate since 2008....
...At issue in the civil complaint is Mr Mangione’s handling of two securitised loans with a total value of $1.4bn....
...I was not a decision maker and had no control over what the bank did in 2008....
...The large numbers will include car loans in the U.S., student loans (most of whose losses the government will absorb), high loan-to-value (LTV) mortgages in the U.S., commercial real estate loans on retail...
...I’d expect 2-3 increases bringing the Bank Rate to 1-1.25 per cent....
...Also under scrutiny is a $3bn loan to Qatar’s finance ministry, which Barclays agreed in November 2008 before the fundraising was completed....
...“I am not sure where Mr Low is. I am not sure if he is in Hong Kong or elsewhere,” a woman at Jynwel’s Hong Kong offices told an FT reporter last month....
...As a subsidiary, DBS would have less flexibility in where it lends, because it would be affected by state quotas for loans to certain sectors....
...I’m the PetroEuro!...
...Suppose there is a 1 per cent probability that a loan of £100 will not be repaid. A ”mark-to-market” or ”mark-to-model” approach might value the loan at £99. But the loan is not worth £99....
...Those three deals alone have landed HSBC with tens of billions of dollars of losses from US subprime mortgages, a $1.9bn fine for financing Mexican drug cartels and, most recently, an admission of facilitating...
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