Lloyds to Sell Buyout Loans to Bain Capital
Lloyds Banking Group has signed a deal with the debt investment arm of Bain Capital to sell a 500 million pound ($792.36 million) portfolio of mostly UK-leveraged loans for private equity buyouts, the Financial Times reported on Thursday, reports Reute...
Snap news
Breaking pre-market news on Friday,- Lloyds Banking Group warns of tough times after £3.5bn loss – statement.- Glencore says Xstrata merger notified to European Commission - statement....
Horse, re-headed…
He’s back after two months R&R, which included a week at The Priory. Here’s Lloyds chief executive Antonio Horta-Osorio returning to work at the bank’s...
[Something for the weekend] A Dickens of a mess
Ebenezer Draghi sighed. These bank books would never come out right, and it was Christmas Eve already. As he struggled, the numbers began to swim before his eyes. So many hundreds...
Dr Robert Peston will see you now
Ring my friend, I said you call Doctor RobertDay or night he’ll be there any time at all, Doctor RobertDoctor Robert, you’re a new and better man,He helps you to...
[Something for the weekend] Don’t offer this man a Rakoff
Jed Rakoff is quite the hero. A New York District judge, he has done what the rest of us would love to do, and busted a cosy deal between bankers and their regulators. In early 2007,...
Management on the hoof – Headless Horse edition [updated]
It’s all going wrong at The Headless Horse Lloyds Banking Group.Very wrong.First, their star hire from RBS has decided to stay put.RNS statement.The Group has also...
The Bank of Beard (or Northern Virgin)
Is the sale of Northern Rock to the Grinning Pullover a deal for UK taxpayers?Chancellor George Osborne says it is:The sale of Northern Rock to Virgin Money is an important...
Vision Refinances BrightHouse
Vision Capital has completed the debt refinancing of BrightHouse, a UK rent-to-own retailer, with over 100 million pounds (US$ 159.5 million) of senior debt facilities. The financing was provided by a consortium of Lloyds Banking Group, GE Capital and Ares Capital Europe and will be used for repayment of existing financing and working capital.
PRESS RELEASE
Vision...
[Something for the weekday] Dear Mr Budenberg
Due to unforeseen technical errors — actually it was the over zealous FT spam filter — Neil’s column did not appear at its usual time on Friday. But it’s...
Is the Headless Horse lame?
So, the Headless Horse is thinking about ripping its revenue forecasts.From the Lloyds Banking Group Q3 trading update.As a result of the more challenging economic conditions...
Snap news
Breaking pre-market news on Tuesday,- Olympus admits to covering up losses since 90′s — statement and statement.- Lloyds Banking Group warns medium-term financial...
