Tag

Write Downs

All articles tagged with #write downs

Commercial real estate faces painful future, warns Goldman Sachs CEO.

Originally Published 2 years ago — by CNBC

Goldman Sachs CEO David Solomon has warned of impairments on loans and equity investments tied to commercial real estate in the second quarter due to higher interest rates. The industry is grappling with lower occupancy rates due to the shift to remote work, and some property owners have walked away from holdings rather than refinancing their loans. While the write-downs are "definitely a headwind" for the bank, they are "manageable" in the context of Goldman's overall business, he said.

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Disney Takes $1.5B Write-Down After Removing Streaming Content

Originally Published 2 years ago — by Deadline

Disney has officially confirmed that it will take $1.5 billion in write-downs associated with removing streaming programming from its platforms. The company has been looking to trim expenses in the once-fevered streaming arena, and removing programming has been one means of reaching that goal. The take-downs took effect on May 26, and the company expects more programming to be removed from direct-to-consumer and other platforms, largely during the rest of the company’s fiscal third quarter.

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