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Related Special Reports
...His superior told him that the “head of loan trading” title “only existed on paper” and had been created solely to meet regulatory requirements, the banker told the court at the time of the hearing in December...
...One pressing issue is Kemble needs to refinance a £190mn loan that is due by the end of April....
...“Providing continuity of client servicing if and when advisers retire and being able to occasionally move client relationships around the partnership is really important to us.”...
...The water monopoly has come under increasing financial strain as higher interest rates have increased the costs of servicing its £18.3bn debt....
...What the donors give from one hand (low pricing), they take away from the other hand (unaffordable debt servicing, in local currency terms)....
...On the contrary, she said, in order to keep servicing the debt without defaulting, “we are asking to pay this debt quicker”....
...Fewer new bad loans led to a rise in competition for servicing contracts. Still, collections from existing assets have disappointed....
...inflation would reduce the UK government’s overall contribution to zero, based on current projections — although this will probably change as the recent increase in borrowing costs may mean the price of servicing...
...Low interest rates implied that for any given dollar of debt, periodic servicing costs would be manageable, allowing for incrementally higher leverage....
...In 2022, new foreign loans to emerging market sovereigns dropped to their lowest level in a decade....
...Such factors may explain the lower defaults and superior recovery rates. We also typically deploy “patient capital”, which seeks a strong return over longer time horizons....
...I won’t get into the argument about which measurement method and which database is superior....
...Kemble needs to refinance a £190mn loan that is due for repayment by the end of April....
...The group has also been selling assets to help reduce its $60bn debt pile, as rising interest rates push up the cost of servicing its debts....
...He ended up making an anonymous loan....
...Assets under management, including asset servicing and wealth management, rose 10 per cent year-over-year to about $1.3tn....
...Apollo, alongside its insurance affiliates Athene and Athora, wants to be a superior investor of long-dated insurance and pension liabilities....
...The company has said it plans to keep servicing this debt despite the sovereign restructuring....
...“Despite the expected dissipation of the 2023 tailwinds, and the presence of significant economic and geopolitical uncertainties, we remain optimistic about this franchise’s ability to produce superior returns...
...Multiple players — such as originator banks, servicing companies and rating agencies — are involved in the transactions, which have a highly complex pricing mechanism....
...It was used for decades to underpin trillions of pounds of products around the world such as loans and mortgages....
...Some farmers have found it tricky to secure bank loans against their slowly growing solar-grazing businesses, preventing the wider industry from growing even faster than it already is....
...A servicing company placed the loan on watch for possible default — although the Trumps have remained current on their payments....
...In a higher interest rate environment, some of these businesses are seeing the cost of servicing their loans increase and many will need to refinance existing their debt at a higher cost in the coming years...
...The share of companies reporting “major difficulties in running their business and servicing their debts over the past six months” rose to 9 per cent, up from 6 per cent in the previous survey....
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