Hints and tips:
...For a real estate angle to things, there’s LaSalle’s 2024 outlook. Further reading:— Are there too many banks?...
...US, The Trump Organization due to be sentenced after the former president’s real estate company was convicted in December on tax fraud charges....
...Bank OZK, a commercial real estate specialist, has been a target, with shorts now accounting for 9 per cent of the shares outstanding....
...The largest is a $100m loan on Trump Tower, at 725 Fifth Avenue, which accounts for just over 10 per cent of a 2012 deal packaged by Wells Fargo....
...(The index “is comprised of a wide range of different market indicators - cyclically sensitive equities, real estate investment trusts, bank CDS, FX implied volatility and interest rate option volatility...
...Lex notes that the real beneficiary may be the real estate investment trust that owns underlying Caesars properties....
...DC expects to comply with bank covenants unless all operations close for an extended period....
...At Edward Jones, Ms Stemm is recommending clients ride out the turmoil by switching big global universal banks for steadier, US-focused lenders such as Wells Fargo and US Bancorp....
...Mr Guthrie, a banking veteran, was most recently managing director of Lloyds Bank’s real estate business support unit....
...Blackstone could be seen as a frontrunner to acquire the private equity lending business given it has already acquired GE’s real estate assets, a move that helped the conglomerate kick-off the entire sale...
...Lone Star, founded by John Grayken in 1995, has bought several loan portfolios from Germany’s Commerzbank, including its UK real estate portfolio in partnership with Wells Fargo, and its Spanish loan portfolio...
...These absurdist and ironic twists were all very well, I said to the V&A exhibition’s co-curators Catherine Flood and Gavin Grindon, but were they effective?...
...Starwood European Real Estate Finance said it was providing £18m of the facility, while the remainder was coming from Starwood Property Trust, a real investment trust and affiliate of Starwood Capital....
...Masterpieces of Chinese Painting: 700-1900, edited by Zhang Hongxing, V&A Publishing, RRP£40/$60 The world’s oldest painting tradition explored in the glorious catalogue to the V&A’s current, once-in-a-lifetime...
...Guggenheim, which has about $125bn under management, is the remaining bidder after a series of potential buyers, including Australia’s Macquarie, banks such as JPMorgan, State Street and Wells Fargo, and...
...Frank Mitsch, BB&T Capital Markets/Wells Fargo Securities Frank J. Mitsch follows the chemicals sector for Wells Fargo Securities....
...Prior to re-joining Wachovia (now Wells Fargo Securities) in July 2005, Mr Liebowitz was an associate research analyst at Jefferies & Co and ING Barings....
...And from Wells Fargo’s Matthew Burnell: Loosely scoping the problem for Goldman Sachs, the proposal could affect 10-15% of GS’ annual net revenue....
...The bank sector is in search for itself, it’s going to be a tremendous opportunity, real estate sector is in shambles - there’s no transactions, there’s no value....
...“Employment growth is also good news for banks, serving to further curtail loan losses on consumer debt, residential mortgages and commercial real estate loans.”...
...In the US, the carnage is well under way....
...Apollo first encountered Mr Applegarth through its ill-judged buy-out ofCountrywide, the UK’s biggest real estate chain, which it acquired for £1.05bn at the peak of the property bubble in 2007....
...According to earlier regulatory filings, Paulson made a series of bets on bank stocks in late 2008, buying 83.5m shares of Wachovia while it was under agreement to be bought by Wells Fargo, and 15m shares...
...We need liquid international markets for real estate price indices, owner-occupied and commercial, for aggregate macroeconomic risks such as gross domestic product and unemployment, for human longevity risks...
...Related links: Dissecting bank results – FT Alphaville The IBs of March – FT Alphaville The return of the IB capital call On Wells Fargo and banks’ well-being – FT Alphaville...
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