Hints and tips:
Related Special Reports
...In 2020, before their appointments, Deloitte resigned as EG’s auditor over governance concerns. EY quit as Asda’s auditor last year....
...Public records show that the Delaware-registered entity Son used to buy the property, SV Projects LLC, mortgaged the house to secure a ¥10bn loan — worth $92mn at the time — from Japanese bank Mizuho to...
...PwC and its auditors “failed to respond appropriately to that and other contradictory audit evidence, or even document the attempted site visits in the workpapers”, the PCAOB said....
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...They’ll talk about “harvesting illiquidity premiums” til the cows come home of course, but they’re actually willing to pony up for the lack of reported volatility....
...The deal, which will mark a two-thirds expansion of Citadel’s London office space, comes after Griffin has expressed concern about how hybrid or working-from-home practices can hurt a company’s culture....
...The formation of CLOs [collateralised loan obligations, the main buyer of leveraged loans] started coming back in November, December and January....
...KPMG UK, another Big Four auditor, echoed the concerns of Stephens at Deloitte....
...The $2.3bn telecoms equipment maker has made a recommended £1bn bid for London’s Spirent, which will be partly financed via a $400mn convertible pay-in-kind toggle loan from Silver Lake....
...The company also raised a $725mn fixed-rate loan with a coupon of 7.63 per cent....
...While it has a credit card loan book of $137bn, it also has issued a significant volume of auto and commercial loans....
...“Suing the auditor has become somewhat normalised as a way of recovering value [for creditors],” a restructuring specialist not involved with the case said....
...on that loan too....
...Legislators and national auditors should provide critical oversight of new loans and debt management, ideally in the broader context of development priorities and budget trade-offs....
...In the UK, home loans are funded in part from deposits and lenders carry the risk of default. Insurance to protect against defaults, widespread in the 1990s, is now rarely used....
...how it reviews loans....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...The loan will come from the Home Building Fund - Infrastructure Loans fund, the Treasury said. According to the programme’s criteria, the money is intended to “unlock strategic housing sites”....
...New home prices across major cities have fallen every month compared with the previous month since October....
...The eight-week trial is scheduled to start in London in October 2024. The claimants are seeking recompense for alleged damage to their homes and livelihoods from the disaster....
...Gramercy has made a big push into asset-backed loans that he said offer higher yields and provide better protection in the event of defaults....
...US credit card lender by loans....
...The silver lining, in GS’s view, is that the banking sector is better equipped to deal with an office-price collapse than it was the home-price collapse before the global financial crisis: In our view,...
...Most weekdays, Jim Brown stays at home behind closed curtains....
...Creditors of the two most important companies in the group are also pushing to oust management and hand over control to independent auditors, over fears their interests are being sidelined in favour of a...
International Edition