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...“The receptivity to bank M&A of size has not been high in this administration,” said Brian Graham, partner at financial services advisory firm Klaros Group....
...More than half of single-B minus rated US companies would not be generating enough cash to cover their capital expenditure while servicing their debt by year-end, analysts at Moody’s project....
...Gates’s biggest UK investments, for example, have been in retailer Carpetright, jet servicing group Signature Aviation and Bunzl, a distributor of disposable cutlery....
...Getting the drop on Drop servicingDrop servicing involves the reselling of digital services, such as marketing, copywriting and creative work....
...Its employees who want it to be on the forefront of climate change and its business, which is addicted to servicing oil and mining companies....
...Huawei has been trying to secure a hearing in Washington to argue that it should be allowed to continue to buy equipment that is not sensitive for national security, as well as servicing its existing telecoms...
...Instead, its customers used platforms from tech groups to digitise this process, with Taulia’s systems servicing key Greensill clients such as pharmaceutical group AstraZeneca....
...The company has profited by signing customers up to contracts for servicing their alarms once installed, creating a source of recurring revenue that is highly attractive to private equity investors....
...The cost of servicing £350m of new debt, raised in October with a record 9.5 per cent coupon, means Metro is not expected to return to profit until 2021....
...Private equity groups are sitting on record-sized funds that they have to invest — so, the buyout theory goes, why not pay up for a business with steady, reliable servicing revenues that make it relatively...
...“While a seemingly bleak snapshot, a small cohort of funds are prospering,” said Mark Connors, global head of risk advisory on Credit Suisse’s hedge fund servicing team....
...Its shares are up nearly 20 per cent this year amid broader investor enthusiasm for payments groups....
...The cost of servicing subscription lines can run into millions of pounds, which can reduce final returns for investors....
...The Northview Group, which writes mortgages under the Kensington brand and is funded through securitisation, describes itself as a nonbank challenger lender....
...They hope to cut servicing costs, particularly on small “orphan” accounts whose owners take little interest in them....
...● Northern Trust has hired Melanie Pickett as head of front office solutions, a new business line in its asset servicing operations....
...• MUFG Investor Services, the asset servicing arm of Mitsubishi UFJ Financial Group, has hired Daniel Trentacosta as a sales director from Och-Ziff, the US hedge fund manager....
...Peru stopped servicing the debts several decades ago after an economic crisis, and since then has been locked in a lengthy legal battle with local and foreign bondholders over whether and how it should repay...
...Last February, for example, it began a public correspondence with Ocwen Financial, the non-bank mortgage servicing company which was rapidly picking up assets from the banks, detailing concerns over its...
...First Willie Walsh, head of airline group IAG, threatened legal action over the rising cost of repairing his aircraft....
...“The opportunity here is really to do something with large corporations that always wanted to provide credit to their partners but didn’t have the compliance, the origination capabilities and the servicing...
...But other, more diversified IT groups might get even more value from ownership. For now, a break-up is far from a foregone conclusion....
...(FastFT) “Illinois Tool Works has agreed to sell its industrial packaging unit to the Carlyle Group for $3.2 billion, the companies announced on Thursday.”...
...Group....
...Gol, Brazil’s struggling airline, has announced an initial public offering of its air miles unit that will be sponsored by private equity group General Atlantic in an attempt to prop up its finances....
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