Hints and tips:
Related Special Reports
...Many of the businesses now underwrite their own debt deals, lending either directly to companies or against a host of assets....
...More than two-thirds of investors surveyed planned to allocate more capital to deals in the hospitality sector because of good trading performances and the expectation that lending conditions will improve...
...New York Community Bancorp and its chief risk officer parted ways shortly before the regional US lender reported larger than expected losses from real estate lending that hammered the bank’s stock....
...One scoop to start: Apollo has sold a stake in the lending business it acquired from Credit Suisse last year shortly before the Swiss bank’s shotgun rescue by UBS, securing a multibillion-dollar investment...
...The central bank’s “pledged supplementary lending” programme, a quasi-fiscal facility for cut-price loans used in past stimulus pushes, increased the pace of lending 12 per cent in December....
...The prospectus is careful to note that Sotheby’s lending arm did not get swept up in the recent boom and bust in digital artwork, however: SFS does not originate loans secured by a non-fungible token or...
...One adviser to Barings said its lending team had considered spinning the business out, having seen peers make similar moves....
...The largest US banks are set to earn higher profits from their lending businesses than expected this year as it becomes more likely that the Federal Reserve will make only modest cuts to benchmark interest...
...Biz2Credit has struck a deal to feed Magnati’s real-time payments data into artificial intelligence models on its lending platform....
...However, he also suffered a $1bn loss after backing Wall Street investment bank Bear Stearns ahead of the financial crisis in 2008....
...From Bloomberg overnight: Citi Is in Talks to Start New Private Credit Strategy by Early 2024 Citigroup Inc. is in discussions to start a new direct-lending strategy by early January, the latest in a series...
...Sixth Street just acquired GreenSky, a consumer lending business, from Goldman for a song, less than $500mn....
...The US’s key lending rate, Sofr, touched 5.3 per cent last month, the highest level since its predecessor, Libor, soared before the financial crisis....
...To the degree that banking is the business of distributing money — gathering capital at one price, lending it at another — it is a commodity business....
...Chang’s and business technology provider Computer Services Inc....
...And if Micro Connect’s financing were to be reclassified as lending, he would face caps on how much money stores could repay. Sceptics have compared his model to outlawed peer-to-peer lending....
...Mortgage lending is a feast or famine business. The market takes the view that the interest cycle has peaked. The Federal Reserve is expected to cut rates, probably beginning in June....
...Slowing growth in lending risks curbing a key driver of profits for the big US banks when they begin reporting third-quarter earnings this week....
...However, the growth of private credit is in large part supposed to be driven by the retreat of banks from commercial lending — “debanking”, as Rowan calls the trend....
...Revenues from corporate lending dropped 26 per cent, however, as higher interest rates dented demand for borrowing. A drop in market volatility at the end of the year also hurt the bank’s traders....
...Lending, one area keeping rainmakers in place, has fallen off in demand as higher interest rates makes leveraging assets less attractive....
...The business would expand Citi’s business in China, which already includes corporate lending and other banking services....
...Bank bosses should only feel worried when alternative asset managers are regularly lending billions for general corporate purposes....
...The loss followed an ill-fated foray by Julius Baer into private lending, a business that chair Romeo Lacher said had grown much quicker than its risk systems could cope with....
...His eventual successor will potentially have to grapple with higher capital requirements that Dimon has argued will constrain bank lending in the economy....
International Edition