Sentences with phrase «bank sell those assets»

This lets the bank sell those assets if the business defaults on the loan.

Not exact matches

Verizon's move to sell public asset - backed securities follows a variety of similar, private arrangements that the company and other wireless carriers have struck with big banks.

He has grown a considerably more massive one through asset diversification and timely sell - offs, such as the 1997 sale of National Trust to the Bank of Nova Scotia for $ 1.2 billion.

If the balance of your accounts exceeds $ 250,000, you might get the uninsured portion of your money when the FDIC sells the failed bank's assets — but it could take years.

At the same time, the bank is also trying to improve the profit margins in its wealth management unit, which now accounts for about 40 percent of the company's revenue, looking at both increasing assets under management and selling clients more products.

The solar company sold more than $ 54 million in asset - backed notes, which Deutsche Bank took as a «significant positive.»

In the wake of the financial crisis, the bank has drawn back from its investment and overseas units, selling off assets to concentrate on consumer and commercial banking on home turf.

The United States central bank, the Federal Reserve, buys and sells assets in the open market.

This process can be difficult for business owners whose assets are not valued highly by the bank or are difficult to value or sell.

The RBI's decision could deal a death blow to India - based exchanges that facilitate trade in cryptocurrencies such as bitcoin and ethereum as people won't be able to use money in their bank accounts or digital wallets to buy or sell these virtual assets.

Collateralizing your small business loan with assets (such as real estate, equipment, or other valuable asset), that can be sold by your lender should your small business default on a loan, is frequently required by traditional lenders like the bank.

He was also chairman of Greydanus, Boeckh and Associates from 1985 to 1999, a fixed - income investment firm which managed $ 2 - billion in assets when it was sold to Toronto - Dominion Bank in December, 1999.

The cuts show the immense power large asset managers have to curb fees they pay banks and the diminishing role of sell - side research at a time when Wall Street firms are facing a slump in stock trading commissions.

«Assets such as equipment, buildings, accounts receivable, and (in some cases) inventory are considered possible sources of repayment if they can be sold by the bank for cash.

To stay afloat, several of Europe's banks may be forced to sell mountains of assets — among them, derivatives originating on the Street — and may have to renege on or delay some repayments on loans from Wall Street banks.

The good bank Novo Banco then sold its insurance and its investment arms; now the government is trying, for the second time, to sell the remaining assets.

The banks also would be excused from submitting plans called «living wills» that spell out how a bank would sell off assets or be liquidated in the event of failure so that it wouldn't create chaos in the financial system.

By «clean exit» the EU means that Greece must sell off enough of its assets to pay the ECB for the money it used to bail out bad loans of French and German banks and bondholders who financed tax evasion and capital flight to Switzerland and elsewhere for over 25 years.

For example, in December 2017, China Merchants Group, a state - owned firm, said it would work with China Construction Bank to issue asset - backed notes worth Rmb20 billion to be sold in the interbank market, in what would be China's largest rental housing securitization.

Speculators are selling assets that seem the most vulnerable,» said Takako Masai, head of research at Shinsei Bank in Tokyo.

«Add to all this the selling by central banks (reserve managers) in emerging economies and a slow shift to lower duration benchmarks, and the result resembles for now a «technically damaged,» asset class,» El - Erian writes.

What any individual bank needs to hold to maintain its liquidity in the face of stochastic adverse clearings, in addition of course to reserves of outside money, is not one specific type of earning asset, but a portfolio that includes enough liquid assets, meaning assets that can be sold on short notice with negligible losses from bid - ask spreads.

However, things are likely to change as global stock markets get overheated and central banks start selling the assets they purchased earlier, leading investors to shift focus away from equities to other asset classes, including gold.

Stochastic clearings are not a problem for the banking system as a whole, because banks with unexpectedly large adverse clearings (which leave them with smaller reserves than desired) can sell assets to or borrow from banks that experience positive clearings and reserves greater than desired.

But I think if we were going to try to simplify this so that it makes a little bit of sense for people I think one of the main reasons that we can talk about why this might be happening comes down to central banks around the globe are playing a major role in the buying and selling of financial assets and an extreme degree.

Until now, selling, buying or exchanging these assets has required an intermediary like a bank, marketplace (physical or digital), credit card company, or third - party booking service like Airbnb.

I actually think something else is going on here — rather than talking about regulating the financial sector, the government and the Bank are signaling that they are willing to provide lender - of - last - resort assurances to those who sell or engage in derivative financial products, of which the asset - back mortgage and commercial debt are but two examples.

In the event of a default the property is sold and the bank gets all its money back because they are in a full equity position, the amount lent is less than the total value of the asset so they are only out the time it takes to get the property sold.

In normal times, Section 18 of the Act says the Bank can only buy (or sell) certain types of assets — coins, foreign currencies, federal and provincial / territorial debt, debt issued by the U.S., Japan or the European Union, International Monetary Fund (IMF) special drawing rights, and bills of exchange or promissory notes issued by a bank or authorized foreign bank provided they have a maturity of no more than 180 dBank can only buy (or sell) certain types of assets — coins, foreign currencies, federal and provincial / territorial debt, debt issued by the U.S., Japan or the European Union, International Monetary Fund (IMF) special drawing rights, and bills of exchange or promissory notes issued by a bank or authorized foreign bank provided they have a maturity of no more than 180 dbank or authorized foreign bank provided they have a maturity of no more than 180 dbank provided they have a maturity of no more than 180 days.

Central banks can most readily do that by adjusting the total size of their balance sheets, which they do by either acquiring or selling assets.

Elsewhere, emerging market central banks and sovereign wealth funds have been selling reserves and risk assets to defend currencies and or plug budget holes.

FRA: And your sugguestion to the Swiss National Bank would be that they sell their equities and go to hard assets?

A Reuters story reported that the FDIC is planning to sell $ 1.8 billion of guaranteed ABS, the residential mortgage assets of failed banks seized by the FDIC.

Three others could also boost income: counting municipal bonds as liquid, or easy - to - sell, assets; requiring less debt that won't have to be paid back if a bank fails; and making it easier to comply with post-crisis rules.»

Similarly, Bloomberg reported Tuesday that Enbridge Inc. has hired the Royal Bank of Canada to sell some of its natural gas gathering and processing assets in Alberta and B.C. and hopes to raise $ 2 billion from the sale.

A higher rate of IOER thus serves as a substitute, when it comes to reining in lending, spending, and inflation, for reducing the total available quantity of bank reserves, as the Fed might do by selling - off some of the assets it acquired in the course of three massive rounds of Quantitative Easing.

Commonwealth Bank is also looking at the future of its global asset management business, after selling its life insurance unit last year.

He also pointed to NAB's disciplined turnaround, driven by CEO Andrew Thorburn, and the potential sale of assets including its troubled UK banks and further sell down of Great Western Bank in the United States.

[64] The Independent described the entity sold as the «detoxified arm» of the bank, while saying the taxpayers retained «responsibility for # 20bn of toxic assets such as bad debts and closed mortgages.»

The financial regulator, the Financial Conduct Authority (FCA), has said it wants banks to hold more capital and run down or sell bad assets.

The decision, which will see the bank's investment banking arm reduced and more assets sold off, underlines a renewed focus on internal repair rather than a complete breakup.

On Friday the Adam Smith Institute published a report calling on David Cameron to sell the government's stakes in the nationalised banks, Royal Mail, Network Rail, BBC Worldwide, Channel 4 and other state assets.

Now that substantially all of the assets (i.e. the SBX Project) of SBX LLC have been sold to SANDAG, TIFIA and the Bank Lenders are in the process of liquidating and winding down SBX LLC.

If loan payments are not made, assets can be seized and sold by banks.

«I believe it would be beneficial for a bank to sell their distressed assets to a program like ReStart,» said Jennifer Murphy, director of housing programs at NJCC.

We sold the property in 2015 in less than 3 years during construction period itself; upon considering Bank Interest as Cost of Acquisition of Asset — it turned out to be Short Term Loss.

The company's products and services addresses multiple markets, asset classes and geographies and are sold to a diverse client base, including asset owners, such as pension funds, endowments, foundations, central banks, family offices and insurance companies; institutional and retail asset managers, such as managers of pension assets, mutual funds, exchange traded funds, real estate, hedge funds and private wealth; financial intermediaries, such as banks, broker - dealers, exchanges, custodians and investment consultants; and corporate clients.

In particular, the demand for money rises when: consumer spending rises, uncertainty rises, there are higher costs in buying and selling other assets, expectation of a future stronger dollar, increased demand for reserves from central banks (both foreign and domestic), and a rise in foreign demand for US goods and investments.

Collateralizing your small business loan with assets (such as real estate, equipment, or other valuable asset), that can be sold by your lender should your small business default on a loan, is frequently required by traditional lenders like the bank.

Unsecured means the bank has no recourse to repossess and then sell a pledged asset in the event of default.