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Loan Book

All articles tagged with #loan book

finance2 years ago•1 min saved

PacWest Bank to Sell $2.7B in Real Estate and Construction Loans.

Pacific Western Bank is selling $2.6bn in construction loans to Kennedy-Wilson Holdings at a discounted price of $2.4bn. The deal is expected to close in tranches beginning during this quarter and rolling into the next. Kennedy-Wilson will also be assuming the future funding obligations, a total of $2.7bn. The Kennedy-Wilson deal makes a dent in PacWest’s loan book, which held $4.6bn in construction loans across residential and commercial properties in the first quarter.

via The Real Deal|

#construction-loans #finance #kennedy-wilson-holdings

finance2 years ago•0 min saved

Silicon Valley Bank's Troubles: Credit Funds Take a Closer Look.

Credit funds are closely examining Silicon Valley Bank's loan book, which has been described as "mythical" and "enormous". The scrutiny comes as investors become increasingly concerned about the bank's exposure to the tech sector, particularly in light of the recent struggles of companies such as WeWork and Uber.

via Financial Times|

#credit-funds #finance #loan-book

finance2 years ago•1 min saved

Swiss Banks Face Uncertainty Amid Capital Infusion and Credit Crisis

Shares of First Republic Bank were volatile as the regional lender struggled to raise capital amid worries that it may need to downsize or seek government support. Major banks and private equity firms have so far balked at infusing capital on fear of losses on the bank's loan book and investment portfolio following a rapid rise in interest rates. The bank is examining how it can downsize and sell parts of its business, including some of its loan book, in a bid to raise cash and cut costs.

via Reuters|

#banking-crisis #capital-infusion #downsizing

finance2 years ago•1 min saved

First Republic considers downsizing and strategic alternatives with JPMorgan's advice.

First Republic Bank is exploring options to sell parts of its business, including its loan book, to raise cash and cut costs. The bank is also working with JPMorgan to find new sources of capital and is considering downsizing if its attempts to raise new capital fail. The bank was recently downgraded by S&P and Moody's due to deposit outflows and higher-cost funding as the value of its assets decline.

via Seeking Alpha|

#capital-raise #downsizing #finance