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...More Chinese residents are also struggling for work: youth unemployment hit a record 21.3 per cent in June, prompting authorities to stop reporting the data....
...SJP sets the interest rate of the loans, which are currently 3.5 percentage points above the base rate of interest....
...The bank has increased its deposit base by 15 per cent to £3.4bn in the period and has a total loan balance of £2.7bn....
...The fintech last year hired a new US chief executive and has announced plans to re-enter the US, this time via a banking partnership that would allow it to bypass a licence application....
...South Carolina rules limit investments in a single issuer to 3 per cent of assets, and in Utah the cap is 10 per cent....
...In December, the company raised additional funding of £260mn through a sale and leaseback of 11 Waitrose shops and a new loan to shore up its balance sheet....
...As a result, average interest coverage — the ratio of earnings to interest expenses — for private credit loans dropped to two times in the third quarter of last year from 3.1 times in the second quarter...
...That discount reflects concerns over the potential for an increase in bad loans. Its bad loans from residential mortgages have already risen 9.6 per cent to Rmb27.8bn ($3.8bn)....
...Shares in Honda rose 1.7 per cent while Nissan jumped 3.2 per cent ahead of Friday’s announcement....
...Or $3.14tn to be precise. That’s because Preqin — the main data source for private credit funds — apparently undercounts business development companies and doesn’t account for leverage....
...It has $32bn of net receivables and generates $3.3bn of income a year....
...Just after his arrival, the bank’s share price dropped a third on surprise loan provisions and an interim loss — apparently because of supernormal loan growth....
...The partnership plans to inject more than £2.4bn over the next four years into its operations, funded by internally generated cash flow....
...In recent years, banks have sought to re-establish their presence in the market, with lenders including Barclays and Wells Fargo setting up partnerships with asset managers to do so....
...Canning the Yeezy brand partnership piled more pressure on the company, already suffering from weak sales in China and the cost of leaving Russia....
...Her current record stands at $3.3mn, for “The Garden of Paracelsus” (1957), which sold in 2022....
...Fitch forecast last week that commercial mortgage-backed securities delinquencies in the US would increase from 3.3 per cent to 8.1 per cent in 2024, as refinancing challenges result in defaults....
...Additional reporting by Sun Yu...
...“If home prices continue to fall, banks could start calling in homeowners’ mortgage loans, and if that happens it would threaten the stability of the entire economy.”...
...Sun said he ran Bankman-Fried through possible legal justifications for loans to Alameda, including the exchange’s margin lending programme....
...By any reckoning, it has held on to this asset for much longer than the normal 3-5 year holding period....
...Macquarie’s investors lent about £130mn to the utility’s holding company Kemble Water Finance Ltd in 2018 and 2020, according to a person familiar with the situation....
...However, the bank made a pre-tax loss of £116mn in the same period, in part as the rapid increase in lending forced it to expand its provisions for potential bad loans....
...Baldur’s Gate 3 As giddy and gargantuan a fantasy role-playing game as you’ll find this year, Baldur’s Gate 3 is a triumph of storytelling set in the Dungeons and Dragons universe and overflowing with delightful...
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