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Bond Deal

All articles tagged with #bond deal

business4 months ago

ANZ to pay $160M over bond deal and customer violations in Australia

Australia's ANZ bank agreed to pay A$240 million in penalties for systemic failures including misconduct in a government bond deal and customer service issues, marking the largest penalty against a single entity by Australian regulators. The bank admitted to misconduct, which included market manipulation and charging dead customers, and plans to spend A$150 million on reforms. The settlement resolves multiple investigations and highlights the need for operational changes at ANZ.

via Reuters|
#anz#australia#bond-deal
politics1 year ago

"NY Attorney General Challenges Validity of Trump's $175m Bond Deal"

New York Attorney General Letitia James has objected to the $175 million bond posted by Donald Trump in his civil fraud case, questioning the qualifications of the California company, Knight Specialty Insurance Company, that provided the guarantee. The dispute arises from a $454 million judgment against Trump, with James raising concerns about the company's credentials and its owner's background in subprime loans.

via The New York Times|
#bond-deal#civil-fraud-case#donald-trump
business1 year ago

"Billionaire Don Hankey's Role in Financing Trump's $175 Million Bond Revealed"

Don Hankey, chairman of Knight Specialty Insurance, revealed that his firm quickly put together the deal to underwrite Donald Trump’s $175 million bond in New York, with Trump posting all cash as collateral. Hankey, a supporter of Trump's presidential campaigns, stated that his firm would have done it for anyone else and confirmed donations to Trump's campaigns. This isn't the first time Hankey and Trump's businesses were connected, as in 2022, Axos Bank, where Hankey is a leading shareholder, loaned Trump $100 million to refinance the mortgage on Trump Tower.

via Yahoo Finance|
#bond-deal#business#campaign-donations
business1 year ago

"Billionaire Don Hankey's Role in Financing Trump's $175 Million Bond Revealed"

Don Hankey, chairman of Knight Specialty Insurance, revealed that his firm quickly put together the deal to underwrite Donald Trump’s $175 million bond in New York, with Trump posting all cash as collateral. Knight Specialty Insurance is known for providing subprime auto loans and had previously reached out to the Trump Organization when Trump was having trouble putting together a $464 million bond. Hankey, a supporter of Trump’s presidential campaigns, confirmed that he and his family have donated to Trump’s campaigns in the past and plan to support him again in 2024.

via CNN|
#bond-deal#business#don-hankey
business1 year ago

"Trump's Legal Maneuvers: Bond Posting and Financial Fortunes"

Former President Donald Trump secured a bond deal to prevent New York's attorney general from pursuing his assets and bank accounts while he appeals a $454 million judgment in his civil fraud case. The bond, set at $175 million, was obtained from a California company and will cover a portion of the judgment if Trump loses his appeal. This deal averts a financial crisis for Trump, who was originally required to cover the entire penalty, and gives him more time to resolve the case.

via The New York Times|
#bond-deal#business#donald-trump
finance2 years ago

Warren Buffett's Japan Bets: Selling Yen Debt and Dumping TSMC Stake Amid Political Fears and War Threats

Berkshire Hathaway, the conglomerate led by Warren Buffett, sold $1.2 billion of yen bonds just days after announcing increased holdings in Japanese trading houses. The five-part bond deal included notes as short as three years and as long as 2053, with an annual interest rate of 2.325%. Berkshire Hathaway is one of the largest overseas issuers of yen debt and lured investors with stronger credit ratings than the Japanese sovereign. The proceeds will be used for general corporate purposes, including refinancing some debt.

via Yahoo Finance|
#berkshire-hathaway#bond-deal#finance