Commerce

Contractual bridge: alcohol-fueled auctions require a sober approach as a registrant

Bridge – Card Game Updates Subscribe to myFT Daily Digest to be the first to know about Bridge – Card game news. Traditionally, holiday season bridge games have not been of high quality. The auctions here have confirmed it, but declarer’s game has been an impressive start to 2021. . …

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Italian state lender approves sale of export agency SACE to Treasury – sources

ROME, March 5 (Reuters) – Italian state lender Cassa Depositi e Prestiti (CDP) on Friday approved a preliminary deal to sell the export agency SACE to the Treasury, a deal that will add € 4.25 billion ($ 5.07 billion) to the country’s public debt, sources told Reuters. SACE offers guarantees …

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CBC Mortgage Agency Expands Low Balance Loans With Incentives For Lenders

CBC Mortgage Agency, a housing finance agency, is expanding its low-balance mortgage products into low-cost communities in hopes of making low-balance mortgages more lucrative for its network of correspondent lenders. The company was inspired by the New York Times article, “Where a small mortgage goes a long way.” The article …

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FIXED UPDATE 1-Italy wants open fiber control in broadband deployment drive – sources

By Giuseppe Fonte, Stephen jewkes (Correct the name in the 9th paragraph to Giovanni Gorno Tempini) * The CDP will not exercise pre-emption on the Open Fiber participation sources * CDP wants 10% stake in Open Fiber to gain control sources * TIM board list includes CDP president – source …

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Amigo shares slip after watchdog expands investigation into troubled lender

Shares of troubled lender Amigo fell further after he said the financial watchdog extended the scope of an investigation into the company. The guarantor lender told investors on Tuesday that the Financial Conduct Authority (FCA) would continue its lengthy investigation. The FCA launched the survey last May into how Amigo …

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GNC Holdings, Inc. enters into agreement with lenders to

PITTSBURGH, Jun 12, 2020 (GLOBE NEWSWIRE) – GNC Holdings, Inc. (NYSE: GNC), a global health and wellness brand that helps people live well, today announced it has entered into an agreement with groups of lenders required to extend the anticipated maturities for certain loans. As previously noted, GNC’s Tranche B-2 …

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Liberty Steel Owner Has ‘Adequate Funding’ After Lender Calls In Trustees

O One of the UK’s largest steel companies said it had ‘adequate funding’ for its current needs after concerns were raised over around 5,000 jobs when one of its major lenders shut down. filed an administration request. Bosses of GFG Alliance, which owns Liberty Steel, met with unions on Tuesday, …

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Sharif El-Gamal claims Maybank violated Sharia deal

Sharif El-Gamal and 45 Park Place (Courtesy of Williams NY / Soma; Gamal via Getty) Cherif El-Gamal set up one of the most unusual financial arrangements in New York real estate history when he secured a Sharia-compliant construction loan four years ago for his lavish tower of Tribeca condos . …

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Partridge Creek shopping center under receivership, could be sold

One of the newer malls in the Detroit area is also the latest to go into receivership. Starwood Capital Partners, based in Miami Beach, Florida, which owns the Partridge Creek Mall in Clinton Township, has been in default on $ 725 million of commercial mortgage-backed debt securities secured by Partridge …

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Will LoanDepot finally file its IPO?

In today Daily Download Episode, HousingWire covers a report that states loan deposit is set to go public later this year. To learn more about the history, here is a summary of item: California-based mortgage lender led by Anthony Hsieh could be worth between $ 12 billion and $ 15 …

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