Hints and tips:
...Those deals, including loans to software maker Citrix, telecoms company Brightspeed and auto-parts maker Tenneco, have limited their ability to provide new debt....
...Same thing with auto lending. The one shoe that hasn’t dropped yet are cap rates and debt yields on commercial real estate....
...Wall Street lenders led by Citigroup and Bank of America have been forced to wire a $5.45bn cheque to private equity giant Apollo Global Management to fund its takeover of auto-parts maker Tenneco, cash...
...But many of the reasons are grounded in sensible investment basics, like diversification and risk management. It’s misguided to think that it could be reversed by a wave of a regulatory wand....
...Liquidation Exemption: In or around May 2020, Bankman-Fried directed that Alameda be exempted from the “auto-liquidation” feature of FTX’s spot margin trading services....
...The United States also created this type of entity to save the auto industry in 2009, when it launched its Presidential Task Force for the auto industry. Time is of the essence....
...GoCo, the Gocompare-owning auto insurance portal and stale rumour stock from last year, gets an upgrade to “buy” from Stifel: While H219 was another difficult trading period for GoCompare, momentum seems...
...We see this as sensible against our estimate of industry capacity utilisation of c.90% over the next few years (versus >95% pre-COVID-19)....
...A business with one large client, and geographic constraints, may bring to mind a widget maker in a larger local supply chain — say for a German auto company — but to be honest, this one may prove a step...
...“I was basically putty in their hands, totally swept off my rational sensible self, drawn into this vortex,” she says....
...has led to sluggish lending and monetary growth....
...Big banks have since grown “incrementally more cautious” on auto lending, said Betsy Graseck, analyst at Morgan Stanley, noting that loan-officer surveys carried out by the Fed show overall tightening of...
...The Greek bank, which has about €150m of assets and €50m of equity, specialises in auto finance....
...Federal Reserve policymakers have made it clear that a summer rate rise is a definite possibility, something that was confirmed by commentary on Friday from Janet Yellen, who said a rate rise would likely be sensible...
...Before the results, the shares had lost about 3 per cent on the news that Santander Consumer USA, the subprime auto giant, had decided to exit the consumer loans business....
...“There are some areas of auto [loans] and mortgages, we feel are not well-served by current providers,” he told the FT....
...Officials have made cash available for margin lending, lowered transaction fees, threatened “manipulators” with investigation, bought blue-chip stocks, allowed a quarter of the exchange (by value) to stop...
...In addition to auto lending, Ally operates a bank and wants to grow deposits which would help it cut funding costs....
...In spite of the boom in auto subprime lending in recent months, analysts said market conditions are not yet “frothy”....
...Its funds are also buying banks and bank operations in Europe, especially in Spain, where its funds bought Bankia’s auto and consumer loan unit, EVO Banco, an 80-branch retail bank, and Banco Santander’s...
...“If they cannot solve the fundamental problems on gas supply, on having a combination of price and risk-taking that enable [companies] to invest and take over discos with capital expenditure that is sensible...
...Many would argue the banks themselves have hardly excelled in this regard of late, but it is sensible for regulators to ask questions....
...Given the parlous state of the European car market, this would not seem a sensible moment to launch a new car brand....
...The Spanish bank, which has managed to withstand the brunt of the real estate crisis in its domestic market because of earnings from overseas subsidiaries, entered into the US auto lending market in 2006...
...Berkshire Hathaway will pay $1.5bn to buy a portfolio of home loans from Residential Capital, the bankrupt mortgage lender formerly part of Ally Financial, the auto lender owned by US taxpayers....
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