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US CLO Managers See Smooth SOFR Transition - Finance and Banking

Almost five years after regulators first began phasing out LIBOR, the US CLO market's first few months of activity in 2022 saw a series of successful new issues fully referencing the Secured Overnight Financing Rate ("SOFR"). ....

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Transcripts for BBCNEWS BBC News 20210916 20:15:00

Us are in a sense the premium of the insurance. so we are being trampled by the americans are actually accepting it, so i m not convinced that the europeans are going to change their mind. they are still in a state of denial. a state of denial. investor, stay with us, because a state of denial. investor, stay with us, because i a state of denial. investor, stay with us, because i want - a state of denial. investor, stay with us, because i want to - a state of denial. investor, stay with us, because i want to get i a state of denial. investor, stay - with us, because i want to get your thoughts on another stray, because as we sat in the headlines, the french government claims to have killed the leader of the so called islamic state. the french government claims to have killed the leader of the so called islamic state in the greater sahara. adnan abou walid al sahrawi who formed the splinter group known as isis gs in 2015 died in a drone strike that france says it launched in ....

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After a Judge Ruled in Lenders' Favor, Citi is Trying to Stop Them From Spending the Mistaken Loan Repayment


Less than a month after a New York judge ruled that lenders accidentally repaid by Citigroup could keep their money, Citi is trying to stop the firms from using it.  
On Tuesday, the investment firm filed a request asking the judge to require the lenders to freeze the transferred funds until Citi files an appeal to a higher court.  
According to Citi’s filing, “the money represents a lottery-like windfall of hundreds of millions of dollars [for the lenders]. They were not expecting to receive this money for several years, if at all.” 
The filing refers Citi’s “mistaken” repayment of a $900 million loan for cosmetics maker Revlon. The bank had acted as an intermediary between Revlon and the lenders. Although Revlon hadn’t transferred the $900 million to Citi, the bank which said it was intending only to pay the interest due to the lenders repaid the loan in full, court records show.   ....

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