LATEST BANKS & LENDING NEWS
Mall loan defaults for second time in a year
Default was triggered following revaluation of trio of UK shopping centres
Feeney leaves Lloyds for Mizuho Bank
Mizuho Bank has hired Lloyds Bank’s former head of real estate John Feeney as managing director, head of European corporate finance department.
Non-bank lenders scramble to renegotiate loan terms
Alternative lenders are being flexible on terms to help landlords that are struggling due to coronavirus
Mount Street and Paul Hastings create new team to deal with LIBOR loans
Debt manager Mount Street and law firm Paul Hastings have joined forces to create a team that will help firms to replace LIBOR in their existing real estate loan documentation.
Regulator needs to step in to help insurers be flexible with real estate borrowers
Insurers have called for intervention from the regulator to enable them to be flexible with struggling real estate borrowers.
Intu embarks on crisis talks to save company from collapse
Shopping centre giant intu has embarked on a series of meetings with lenders and investors in a last-ditch attempt to rescue the company from collapse.
Property stocks plummet as coronavirus crisis escalates
Share prices have slumped by around 37% on average, with struggling retail landlord intu hit hardest.
