Hints and tips:
...Earlier this year, Vista Equity Partners and Thoma Bravo turned to private credit to help refinance the debts of portfolio companies Finastra and Hyland Software, respectively....
...“The liquidity crisis will pass,” says Thomas Simons, a money market economist at Jefferies. “But a credit crisis is coming.”...
...Less than two years ago it bought mortgage software provider Ellie Mae for $11bn from private equity group Thoma Bravo, which was then ICE’s largest purchase since chief executive Jeffrey Sprecher founded...
...“I was being ‘taken away’, as this process is commonly referred to in China,” Thomas Hale writes. Why are Britain’s over-50s really leaving the labour market?...
...FURTHER READING: Complaint, Orlando Police Pension Fund v....
...Helen Thomas examines why this sector, which espouses the value of diversity for better decision-making, has failed to make greater strides....
...This exhibition at the V&A invites us into the opulent world of master goldsmith Carl Fabergé and his London clientele....
...These included credit card terms and conditions, and the process behind fulfilment of mortgages....
...Thomas Ng, chief executive and founder of the certified B Corp Genashtim, an eLearning and digital support service company, said that being B Corp initially helped his company to attract multinational companies...
...At the centre of the drama was Thomas Lauria, a White & Case bankruptcy lawyer who ginned up the fevered bidding to a point where Hertz shareholders are now set to receive a once unthinkable $1bn recovery...
...Under him, Cox & Kings grew into a sprawling travel conglomerate aspiring to rival other historic groups such as Thomas Cook....
...So when the company turned to international debt markets in 2017, investors licked their lips, report the FT’s Edward White and Thomas Hale in this deep dive about Tsinghua....
...He is also encouraged by a “V-shaped” recovery in Asia, its largest market, and less dire forecasts for UK consumers....
...“So far, retail sales data are painting a picture of a V-shaped recovery in consumer spending, but it is doubtful this momentum can be sustained,” said Jefferies economists Aneta Markowska and Thomas Simons...
...Payment holidays on credit cards, mortgages and rents are also masking the current stress on loan books....
...The first of these is that most mortgage market people do not believe it is possible to sell Fannie and Freddie mortgage-backed securities without a government “wrap”....
...Thomas now wants to use finance as a weapon in this fight too....
...DD’s Indap v NYU’s Damodaran: Is stock compensation good or bad?...
...The problem was that many of the bonds in question were backed by subprime mortgage-backed securities....
...Neptune said Mr Lumens will continue as a non-executive director at Oryx Energies and V-Labs Virtual Reality....
...He was so good at worrying about mortgage debt that he ended up a star character in Michael Lewis’ The Big Short and the ensuing movie....
...In another example, a UBS trader allegedly said a set of loans from WMC Mortgage Corp were “quite possibly better than little beside leprosy”. Additional reporting by Stephen Morris in London...
...Corp bonds QE has been done before (they hold £10bn) still a potential route if credit mkts do seize up down the line....
...But it subsequently emerged that loans that the bank had made to TBW had been secured against fictitious mortgages....
...For instance, you might hear that paying a mortgage is cheaper than renting....
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