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...Mark Shapiro, senior managing director at B Riley Advisory, is serving as interim chief operating officer at 777, according to the memo, which noted his “considerable experience as a financial restructuring...
...MassMutual is making a minority investment in Atlas SP so it can gain access to the asset-backed debts the unit originates, packages into securities and sells....
...Iran used two of the UK’s biggest banks to covertly move money around the world as part of a vast sanctions-evasion scheme backed by Tehran’s intelligence services....
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...The damage was particularly acute in LDI pooled funds, which are managed for mainly smaller pension funds....
...The move to raise $500m in art-backed securities comes at a moment of deep distrust of Drahi in the bond market, however....
...The increased optimism from Apollo comes as the firm, which manages nearly $700bn, said it was registering large demand to issue high-rated loans that will be purchased by its insurance arm Athene and other...
...Meanwhile, the SEC reportedly backed down on arguing for securities treatment, I gather because of the potential knock-on effects in the economy, which means I assume they won’t support the petition either...
...Angola owes about $17bn to China — just over one-third of its total debt — mostly in the form of loans backed by oil. The nation is Beijing’s biggest borrower on the continent....
...The Bank of England is named as security trustee on at least one of the affected charges....
...believe it was understood at the time of the drafters....
...Much of the frozen Russian money is in the EU, including roughly €190bn in Russian central bank assets held at Euroclear, a central securities depository based in Brussels....
...But here is the gist: they propose that the G7 (or a larger group of allies) issue a syndicated loan to Ukraine, which offers future reparations claims on Russia as security for the loan on a “limited recourse...
...The Hankey Group is not public but is a large issuer of asset-backed securities to fund its lending. It had $23.4bn in assets at the end of last year, up from $12bn at the end of 2019....
...The majority of which, the great majority, sits where I’m sitting, so Belgium, about 190bn in one central securities depository, which is called Euroclear. So they’ve been just stuck there....
...The overall trust industry in China, which includes 68 companies, has total assets of Rmb21tn and direct exposure to real estate of Rmb1.1tn as of the first quarter of this year, according to the China Trustee...
...Speaking at an FT Live event at COP28 in Dubai, Banga said the fact that $420mn had “already showed up” on the first day of the summit was “a good sign”....
...The bulk of Russian central bank assets — roughly €190bn — is held at Euroclear, a central securities depository based in Belgium....
...Total income was up 7 per cent on an annual basis and loan originations rose 12 per cent to £1.29bn in 2023....
...At the recent gathering of G20 finance ministers in Brazil, delegates were gripped by a deep sense of unease over a pressing issue: the potential seizure or use of Russian assets frozen under the western...
...With sales few and far between, private equity-backed companies were having to refinance loans on tougher terms, he added: “We’re now seeing all of these private credit creditors at the table who are opportunistically...
...The five insurers and reinsurers belong to the A-Cap group, and together held $11.5bn of assets at year end....
...In a case like Sorrento, not having any assets or business at all arguably relieves you of the 180-day requirement, too....
...One area of focus has been a reliance on securities such as collateralised loan obligations — packaged-up corporate debt — to back insurance liabilities....
...The legislation will see the creation of a fund for investing in stocks, backed by loans taken out by the federal government, that is forecast to be worth at least €200bn by the mid-2030s....
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