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...It specialises in loans secured against company stock....
...Separately, it paid a $25mn penalty to the CFPB related to private student loan servicing practices. “Capital One is a healthy, well-managed, well-capitalised bank....
...Fortress is also raising new flagship funds for “opportunistic” investments and those targeting non-performing loans in Europe....
...They later repaid the loans....
...The feud stemmed from a $900mn term loan administered by Citi on behalf of Revlon....
...Over the weekend, a friend of FT Alphaville shared this article by Indian financial daily LiveMint about BharatPe, a New Delhi-based fintech company that specialises in merchant loan and payments tech....
...“These guys specialise in lending when they know a company is going into default and know they will take over the asset. It’s gone exactly the way they expected.”...
...For many of her clients, Cohn will therefore go to smaller local banks, those that specialise in savings and loans, or credit unions (not-for-profit organisations owned by those who use their services)....
...Davidson Kempner will also acquire an 80 per cent stake in Alpha Bank’s loan servicing subsidiary, Cepal Holdings....
...Greensill specialises in supply-chain finance, where businesses borrow money to pay their suppliers....
...It raised $293m, mostly from hedge funds that specialise in providing initial financing to “special-purpose acquisition companies”....
...Sweden’s Verisure has tapped in to that scramble among investors to raise €4.4bn of new bonds and loans....
...Executives are also reviewing the circumstances of a $140m bridging loan provided to Greensill last November....
...SunAmerica was extremely resourceful, ploughing some of its cash into junk bonds, car loans and other unconventional assets....
...their existing loans move up in seniority in the capital structure....
...Other affiliates specialise in jet leases, franchise loans and other attractive niches....
...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....
...On top of high-yield bonds and leveraged loans that equate to 6.9 times adjusted earnings, there could be an extra slice of financing known as payment-in-kind (PIK) debt, which is higher-risk because the...
...and servicing fees....
...At the big private companies that specialise in originating and servicing mortgages, such as Quicken Loans and Freedom Mortgage, the impact of the slowdown in new mortgages and refinancings is likely to...
...But it also specialises in arranging corporate loans, underwriting equity issues and even securitising fast-food royalties for the likes of Domino’s Pizza and Dunkin’ Donuts....
...Customer satisfaction scores are higher than in traditional branches, he says, while account openings, account servicing, and transactions are all growing so well at the advance centers that BofA “would...
...But credit research firm Covenant Review, which specialises in analysing bond and loan documents, summed up bond investors’ concerns in a report on Wednesday, stating that such a rollover has “the same purpose...
...The cost of servicing subscription lines can run into millions of pounds, which can reduce final returns for investors....
...In Spain and other countries with high levels of non-performing loans, private equity firms have bought servicing platforms, providing them with data and insights into the lending process....
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