Loan Express – Stratia Wire http://stratiawire.com/ Fri, 23 Sep 2022 19:50:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://stratiawire.com/wp-content/uploads/2022/03/stratiawire-icon-120x120.jpg Loan Express – Stratia Wire http://stratiawire.com/ 32 32 Payday lender Cash Express reports data breach affecting 100,000 customers https://stratiawire.com/payday-lender-cash-express-reports-data-breach-affecting-100000-customers/ Fri, 23 Sep 2022 19:50:00 +0000 https://stratiawire.com/payday-lender-cash-express-reports-data-breach-affecting-100000-customers/ Non-bank lending company Cash Express this month reported to the Montana Attorney General a data breach that allowed an unauthorized party to access sensitive consumer information of more than 100,000 people. The company, which provides payday loans, check cashing, title loans and other high-cost short-term lending services, said in a letter to those affected that […]]]>

Non-bank lending company Cash Express this month reported to the Montana Attorney General a data breach that allowed an unauthorized party to access sensitive consumer information of more than 100,000 people.

The company, which provides payday loans, check cashing, title loans and other high-cost short-term lending services, said in a letter to those affected that an unauthorized party obtained their personal information, including dates of birth, social security numbers, financial information. and contact information earlier this year. The Cookeville, Tennessee-based company did not provide specific details about how the breach occurred.

Richard Console, a personal injury lawyer, said in a legal blog that the most common harm from data breaches Hackers use people’s personal information to open new credit cards or personal loans. Console told American Banker in an email that it has seen an increase in data breaches since the start of the COVID-19 pandemic, particularly in 2021.

“The lesson to be learned from any data breach is that companies need to do more to protect the sensitive consumer information entrusted to them, Console said in the email to Banker. “Certainly creating and maintaining robust data security protocols is an additional cost; however, given the ever-increasing number of data breaches, the expense is justified.”

At least 80 financial services companies reported data breaches in 2022according to the Maine Attorney General’s Office, though Maine only tracks violations that affect at least one resident of the state.

In its letter to those affected, Cash Express said it had engaged a third-party data security firm to conduct an investigation after detecting unusual activity on its corporate network on February 6. The investigation revealed that an unauthorized party accessed part of the computer system between January 29 and February 6. According to the Maine Attorney General’s Office, 106,521 people were affected through the breach.

Cash Express received the results of the investigation on August 4 and reported the activity to the Montana Attorney General and affected individuals on September 15. CEO Garry McNabb said in the letter that Cash Express is offering free credit card monitoring to affected individuals through a one-year membership to Experian’s IdentityWorks.

The consumer lending company was founded in 1995. It operates through offices in the Midwest and the South.

In 2018, the Bureau of Consumer Financial Protection Bureau announced that Cash Express would pay a civil penalty of $200,000 and restitution of $32,000 to customers for a series of violations of the Consumer Financial Protection Act involving deceptive consumers.

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Apollo flounders where Amazon is afraid to tread https://stratiawire.com/apollo-flounders-where-amazon-is-afraid-to-tread/ Tue, 20 Sep 2022 05:44:50 +0000 https://stratiawire.com/apollo-flounders-where-amazon-is-afraid-to-tread/ After Amazon.com Inc., it’s Apollo Global Management Inc.’s turn to wade through the jungle of corporate governance in India. He sued a Mumbai-based warehousing company in which he has a large stake. The cause of the dispute disappeared on Monday when the company abandoned a controversial plan to sell its business. But the American shareholder, […]]]>

After Amazon.com Inc., it’s Apollo Global Management Inc.’s turn to wade through the jungle of corporate governance in India. He sued a Mumbai-based warehousing company in which he has a large stake. The cause of the dispute disappeared on Monday when the company abandoned a controversial plan to sell its business. But the American shareholder, whose refusal of the operation was pushed into the background by the board of directors, still has to worry about his rights. After all, when the world’s largest retailer couldn’t enforce contracts in the country, why should a buyout firm fare better?

Amazon and Apollo had made separate investments in private ventures in Kishore Biyani, a pioneer of modern-format stores in a country still dominated by family-run neighborhood shops. The Seattle-based e-commerce giant had bought $192 million worth of stock in its gift certificate unit so the founder could invest the money in his retail business. The New York-based asset manager had provided a loan of 16 billion rupees ($200 million) to some of Biyani’s holding companies.

But after the Covid-19 hit, the group’s debt got out of control. Biyani could not hope for a straightforward bailout of Future Retail Ltd., its flagship, publicly traded unit, by Amazon due to India’s 2018 restrictions on foreign retail investment. So, in desperation, he sold his assets to Reliance Industries Ltd. of Mukesh Ambani, although the terms of Amazon’s investment in Future Coupons Pvt. banned a sale to the billionaire tycoon, who also owns India’s biggest retailer.

Even though the ensuing legal dispute between Future Retail and Amazon over breach of contract delayed the sale by $3.4 billion, Reliance took over the lease of the stores from Biyani and used it to snatch physical possession of the stores. when they couldn’t pay the rent on their sublet. Worse still, India’s antitrust authority suspended its earlier approval for the US company’s investment in Coupons. He also fined Amazon for allegedly not disclosing his true intentions to use coupons to get behind the wheel at Retail. Amazon’s legal case was cut at the knees.

This all happened in March. More recently, a similar story has begun to unfold for Apollo. He had received, among other guarantees, a lien on the shares of Future Supply Chain Solutions Ltd., another listed company in Biyani’s group. In the event of non-payment, the buyout company invoked the pledge and became the 24.8% owner. Yet when Supply Chain recently proposed to shareholders that they sell, transfer or otherwise dispose of the retail group’s assets, the “no” votes cast by Apollo were dismissed as invalid. The resolution passed when it would otherwise have been defeated. Apollo may have hoped to improve its collection rate on the soured loan by influencing the fate of 8.2 million square feet of warehouse space(1), which the Biyani family could still – either directly or via another buyer – forward to Ambani. This plan has now come a cropper.

As recently as April, when Amazon’s legal challenge had already been rendered moot by Ambani’s ownership of the stores, Future Group companies had questioned creditors and shareholders for a proposed asset transfer. at Reliance. At Supply Chain, Apollo had voted against the plan. At that time, his views didn’t matter because Indian lenders to Future Retail – the core business – had scuttled the Reliance deal, balking at the 66% discount he was considering for them.

Curiously, however, the same ballot teller who had counted Apollo’s entry as valid at the time rejected it five months later. It appears that Supply Chain management does not believe the buyout company has any voting rights to the pledged shares transferred into its name. Beyond producing an Indian Supreme Court order that would have supported such an interpretation in another case, the scrutineer declined to express his own opinion and referred the question of the validity of the votes to the President. And who could he be? Rakesh Biyani, a cousin of Kishore. (My emailed questions to Future Supply Chain about the voting process went unanswered. In a Monday night notification to exchanges, the company said it was canceling the sale proposal due to a “delay expected in obtaining other required approvals”. whether Apollo has rights as a shareholder remains unresolved.)

The Economic Times first reported on Friday that the asset manager was considering legal action. The outcome of the lawsuit, which has since been filed, may be more important to India than Apollo. That creditors are informed that the shares promised to them do not carry voting rights is a serious setback for the Indian equity financing market; this will harm genuine borrowers in the future.

Things could have turned out differently if Amazon had bought out the loans from Biyani by Apollo, Blackstone Inc. and others, and then tried to enforce its rights as a creditor through bankruptcy court. (Flagship Future Retail entered the formal insolvency process in July with almost nothing left for creditors to collect their $2.7 billion in debt.)

India’s six-year-old insolvency law is far from perfect. Yet when court-appointed trustees take on errant debtors, they provide protection against arbitrary actions by boards of trustees. Amazon was foiled when directors of Future Retail complained to the competition authority, questioning the legality of their own action in backing the e-commerce company’s investment in 2019.

Now that Supply Chain has abandoned plans to sell its warehouses, Apollo’s interests are protected. But given the unwavering loyalty of corporate families to corporate boards, any reprieve may well prove temporary. With more than $515 billion in assets under management worldwide, the buyout firm wouldn’t worry too much about a $200 million loan being anything but a write-off. However, to be robbed first of the capital and the interests, then also of the vote and the voice, it is the insult which is added to the insult. If a pedigree investor takes him lying down, the jungle will mark him as easy prey.

More from Bloomberg Opinion:

• India’s Amazon entanglements are a cautionary tale: Andy Mukherjee

• Amazon Versus Ambani paints a grumpy picture: Andy Mukherjee

• Jeff Bezos is on the wrong Indian magazine cover: Andy Mukherjee

(1) According to a July 2020 investor presentation.

This column does not necessarily reflect the opinion of the Editorial Board or of Bloomberg LP and its owners.

Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services in Asia. Previously, he worked for Reuters, the Straits Times and Bloomberg News.

More stories like this are available at bloomberg.com/opinion

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How much loan and how much EMI for buying new Alto K10 by paying deposit Rs 1 lakh see full details https://stratiawire.com/how-much-loan-and-how-much-emi-for-buying-new-alto-k10-by-paying-deposit-rs-1-lakh-see-full-details/ Sun, 18 Sep 2022 05:10:06 +0000 https://stratiawire.com/how-much-loan-and-how-much-emi-for-buying-new-alto-k10-by-paying-deposit-rs-1-lakh-see-full-details/ New Delhi.Maruti Suzuki Alto K10 Loan EMI Installment Details: Maruti Suzuki Alto K10 entry level sedan is in high demand this festival season and people are loving this car with better looks and features along with greater mileage. If you also want to bring home the new Maruti Alto K10 this festival season, then it […]]]>
New Delhi.
Maruti Suzuki Alto K10 Loan EMI Installment Details:
Maruti Suzuki Alto K10 entry level sedan is in high demand this festival season and people are loving this car with better looks and features along with greater mileage. If you also want to bring home the new Maruti Alto K10 this festival season, then it is quite easy, where you can fund it by just paying one lakh rupees and then paying a few thousand rupees every month as a down payment and repaying the entire loan. box. The new Alto K10 has been introduced in India in a total of 6 variants across trim levels like Std(O), LXi, VXi and VXi+ with prices ranging from Rs 3.99 lakh to Rs 5.83 lakh (formerly showroom). With the new engine, better space and features, the new Alto K10 has a mileage of up to 24.9 kmpl.

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Maruti Suzuki Alto K10 LXI Ready EMI Details
The ex-showroom price of the Maruti Suzuki Alto K10 LXI variant is Rs 4.82 lakh and the on-road price is Rs 5,30,119. If you finance the LXI variant of the Alto K10 by making a down payment of Rs 1 lakh (processing fee plus road charge and first month installment), you will get a loan of Rs 4,30,119. If the interest rate stays at 9%, then for the next 5 years you will have to pay Rs 8,929 every month in installment i.e. EMI. By financing the new model Maruti Alto K10 LXI, you will get an interest rate of more than Rs 1 lakh.

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Affordable hatchback with better space and better features

Maruti Suzuki Alto K10 VXI Loan EMI Details
One of the best-selling models of Maruti Suzuki Alto K10, the new Alto K10 VXi has an ex-showroom price of Rs.5 lakhs and an on-road price of Rs.5,48,921. If you finance the Alto K10 VXi variant by making a down payment of Rs 1 lakh (processing fee plus road charge and first month installment), you will get a loan of Rs 4,48,921. If the interest rate stays at 9%, then for the next 5 years you will have to pay Rs 9,319 every month as a down payment i.e. EMI. Financing the new model Maruti Alto K10 VXi will cost you an interest rate of more than Rs 1.1 lakh.

Disclaimer:
Before buying the new Maruti Alto K10, you should check the loan and EMI details at the nearest Maruti Suzuki Arena dealership.

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Madison woman arrested on multiple robbery charges https://stratiawire.com/madison-woman-arrested-on-multiple-robbery-charges/ Fri, 16 Sep 2022 13:16:35 +0000 https://stratiawire.com/madison-woman-arrested-on-multiple-robbery-charges/ A lengthy investigation led to this arrest On September 15, 2022, a Jefferson County, Indiana woman was arrested on multiple theft charges following an Indiana State Police investigation that began in February 2022 , after a woman reports that a family member stole thousands of dollars from her. The Indiana State Police detective’s investigation revealed […]]]>

A lengthy investigation led to this arrest

On September 15, 2022, a Jefferson County, Indiana woman was arrested on multiple theft charges following an Indiana State Police investigation that began in February 2022 , after a woman reports that a family member stole thousands of dollars from her.

The Indiana State Police detective’s investigation revealed that Sherri L. Dorten, 41, of Madison, Indiana, stole money from a relative over a span of nearly four year. The evidence indicated that Dorten assumed the victim’s identity where she then obtained a loan and filed for bankruptcy in the victim’s name. She also withdrew cash from ATMs and issued checks to the victim’s bank accounts. In total, Dorten obtained thousands of dollars fraudulently by taking advantage of the family member.

Upon completion of the investigation, the case was submitted to the Jefferson County District Attorney’s Office for review. As a result, a warrant was issued against Dorten for fraud at a financial institution, impersonation, theft and corrupt business influence.

Dorten turned herself in to investigators at the Jefferson County Jail this morning. She was placed under arrest and incarcerated pending her first court appearance.

More local news

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Research: Rating Action: Moody’s raises CFR from Men’s Wearhouse to B1 https://stratiawire.com/research-rating-action-moodys-raises-cfr-from-mens-wearhouse-to-b1/ Wed, 14 Sep 2022 21:00:34 +0000 https://stratiawire.com/research-rating-action-moodys-raises-cfr-from-mens-wearhouse-to-b1/ New York, September 14, 2022 — Moody’s Investors Service (Moody’s) today updated the ratings for The Men’s Wearhouse, LLC (“Men’s Wearhouse”), including the Corporate Family Rating (CFR) at B1 from Caa1, the probability of default (PDR) rating at B1-PD from Caa1-PD, and the senior secured term loan maturing in 2025 at B1 from Caa1. The […]]]>

New York, September 14, 2022 — Moody’s Investors Service (Moody’s) today updated the ratings for The Men’s Wearhouse, LLC (“Men’s Wearhouse”), including the Corporate Family Rating (CFR) at B1 from Caa1, the probability of default (PDR) rating at B1-PD from Caa1-PD, and the senior secured term loan maturing in 2025 at B1 from Caa1. The ratings of the company’s senior secured term loans, senior in 2025, have been withdrawn as they were recently repaid in full. The outlook has changed from positive to stable.

“The upgrades reflect the substantial improvement in operational performance, credit metrics and liquidity at Men’s Wearhouse since the company emerged from Chapter 11 bankruptcy in December 2020,” said Mike Zuccaro, vice president. from Moody’s. “We expect the company to maintain strong credit metrics and very good liquidity over the next 12 to 18 months despite the very challenging environment.”

Updates :

..Issuer: The Men’s Wearhouse, LLC

…. Corporate family ranking, upgraded to B1 from Caa1

…. Default scoring probability, upgrade to B1-PD from Caa1-PD

…. Senior secured term loan, upgraded from Caa1 (LGD4) to B1 (LGD4)

Withdrawals:

..Issuer: The Men’s Wearhouse, LLC

…. Senior Secured Term Loan, PIK Priority, Withdrawn, Previously Rated B3 (LGD3)

…. Senior, Senior, Withdrawn, Previously Rated B3 (LGD3) Secured Term Loan

Outlook Actions:

..Issuer: The Men’s Wearhouse, LLC

…. Outlook, changed to stable from positive

RATINGS RATIONALE

Men’s Wearhouse’s B1 CFR reflects the company’s strong credit metrics which have resulted from profitable revenue growth, strong free cash flow generation and debt reduction. According to Moody’s estimates, the company’s lease-adjusted debt/EBITDAR, pro forma for the repayment of its Senior Term Loans in August 2022, was less than 1.5 times and EBIT interest coverage of approximately 4. 5 times. The rating also reflects governance considerations, including its private ownership. Its balanced approach to capital allocation and its commitment to a conservative debt profile are also reflected in the rating. Men’s Wearhouse’s significant scale in the menswear market is also taken into account, offering a similar product line and diversity of brands, with each brand focusing on different demographics. Although the company operates in a relatively narrow segment of the apparel industry, primarily selling and renting men’s tailored and polished casual wear for business and special occasions, Moody’s considers this category to generally have less risk associated with fashion than most apparel retail segments. The rating is limited by the company’s high business risk as a clothing retailer, and the continued risk associated with the sustainability of its business recovery as the company continues to work to improve its business model and offerings. of products and that pent-up demand has also likely contributed to the strong recent performance. Significant uncertainty remains regarding the potential normalization of demand, as well as increasing global economic challenges.

Liquidity is very good, supported by balance sheet cash, positive annual free cash flow and ample excess revolver availability, all of which should be sufficient to cover cash requirements over the next twelve months.

FACTORS THAT MAY LEAD TO IMPROVEMENT OR DEGRADATION OF RATINGS

The stable outlook reflects our expectation that the company will maintain strong credit metrics and very good liquidity over the next 12-18 months despite a very challenging environment.

An upgrade is unlikely in the short to medium term given Men’s Wearhouse’s private ownership and emphasis on menswear. Factors that could lead to an upgrade include a significant increase in product diversity while maintaining conservative financial policies and very good liquidity. Quantitative metrics include Moody’s debt to EBITDA ratio maintained below 3.0 times and EBIT to interest ratio maintained above 3.0 times.

Ratings could be downgraded if operating performance deteriorates, liquidity weakens or financial policies become more aggressive such that debt/EBITDA is maintained above 4.0x and EBIT/interest maintained at below 2.25 times.

The Men’s Wearhouse, LLC is an omnichannel specialty retailer of men’s apparel, including suits, formal wear and a wide selection of business casual offerings. The company operates more than 1,000 stores in the United States and Canada under the brands Men’s Wearhouse, Jos. A. Bank, Moores Clothing and K&G. Annual revenues exceed $2.6 billion. The parent company, Tailored Brands, Inc., and certain subsidiaries emerged from Chapter 11 bankruptcy on December 1, 2020.

The main methodology used in these ratings is Retail published in November 2021 and available on https://ratings.moodys.com/api/rmc-documents/356421. Otherwise, please see the Scoring Methodologies page on https://ratings.moodys.com for a copy of this methodology.

REGULATORY INFORMATION

For details on key rating assumptions and Moody’s sensitivity analysis, see the Methodological Assumptions and Sensitivity to Assumptions sections in the Disclosure Form. Moody’s rating symbols and definitions can be found at https://ratings.moodys.com/rating-definitions.

For ratings issued on a program, series, category/class of debt or security, this announcement provides certain regulatory information regarding each rating of a subsequently issued bond or note of the same series, category/class of debt, security or under a program for which ratings are derived exclusively from existing ratings in accordance with Moody’s rating practices. For ratings issued on a media provider, this announcement provides certain regulatory information relating to the credit rating action on the media provider and each particular credit rating action for securities whose credit ratings are derived from the support provider’s credit rating. For the provisional ratings, this press release provides certain regulatory information relating to the provisional rating assigned, and to a final rating that may be assigned after the final issuance of the debt, in each case where the structure and conditions of the transaction n have not changed prior to the final rating being assigned in a way that would have affected the rating. For more information, please see the issuer/transaction page of the respective issuer at https://ratings.moodys.com.

For all relevant securities or rated entities receiving direct credit support from the lead entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action , the associated regulatory information will be that of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to the jurisdiction: Ancillary services, Disclosures to the rated entity, Disclosures to be provided by the rated entity.

The ratings have been communicated to the rated entity or its designated agent(s) and issued without modification resulting from such communication.

These notes are solicited. Please refer to Moody’s Policy for the Designation and Assignment of Unsolicited Credit Ratings available on its website. https://ratings.moodys.com.

The regulatory information contained in this press release applies to the credit rating and, if applicable, the outlook or rating revision relating thereto.

Moody’s general principles for assessing environmental, social and governance (ESG) risks in our credit analysis are available at https://ratings.moodys.com/documents/PBC_1288235.

The worldwide credit rating on this credit rating announcement was issued by one of Moody’s affiliates outside the EU and is approved by Moody’s Deutschland GmbH, An der Welle 5, Frankfurt am Main. -le-Main 60322, Germany, in accordance with Article 4(3) of Regulation (EC) No 1060/2009 on credit rating agencies. Further information on the EU approval status and the Moody’s office that issued the credit rating can be found at https://ratings.moodys.com.

The worldwide credit rating on this credit rating announcement has been issued by one of Moody’s affiliates outside the UK and is approved by Moody’s Investors Service Limited, One Canada Square, Canary Wharf, London E14 5FA under the law applicable to credit rating agencies in the United Kingdom. . Further information on the UK endorsement status and the Moody’s office that issued the credit rating can be found at https://ratings.moodys.com.

Please see https://ratings.moodys.com for any updates on changes to the lead rating analyst and Moody’s legal entity that issued the rating.

Please see the issuer/transaction page at https://ratings.moodys.com for additional regulatory information for each credit rating.

Michael M. Zuccaro
Vice President – Senior Analyst
Corporate Finance Group
Moody’s Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
UNITED STATES
JOURNALISTS: 1 212 553 0376
Customer service: 1 212 553 1653

Margaret Taylor
Associate General Manager
Corporate Finance Group
JOURNALISTS: 1 212 553 0376
Customer service: 1 212 553 1653

Release Office:
Moody’s Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
UNITED STATES
JOURNALISTS: 1 212 553 0376
Customer service: 1 212 553 1653

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Liverpool missed out on a perfect £85m transfer solution to Jurgen Klopp’s biggest problem | Soccer | sport https://stratiawire.com/liverpool-missed-out-on-a-perfect-85m-transfer-solution-to-jurgen-klopps-biggest-problem-soccer-sport/ Tue, 13 Sep 2022 05:00:00 +0000 https://stratiawire.com/liverpool-missed-out-on-a-perfect-85m-transfer-solution-to-jurgen-klopps-biggest-problem-soccer-sport/ Liverpool may have squandered the chance to prevent their ongoing midfield crisis before it even took shape by failing to land one of their top reported targets in the summer transfer window. The Reds are currently lacking a number of senior options in the middle of the park, with Thiago Alcantara, Naby Keita and Alex […]]]>

Liverpool may have squandered the chance to prevent their ongoing midfield crisis before it even took shape by failing to land one of their top reported targets in the summer transfer window. The Reds are currently lacking a number of senior options in the middle of the park, with Thiago Alcantara, Naby Keita and Alex Oxlade-Chamberlain all on the treatment table as things stand.

Their lack of midfield options has contributed to a sluggish start to the season for Jurgen Klopp and his players, who have only managed to win two of their first six Premier League games. Liverpool also tasted defeat in their Champions League opener against Napoli last week, with the Italian giants going wild to score four goals past the hapless Reds and register a famous win in front of their own fans.

Liverpool apparently could have avoided their current situation by pushing hard to sign Aurelien Tchouameni over the summer, with the Frenchman enjoying a hugely productive start to life at Real Madrid. He joined the Spanish champions from Monaco for a transfer fee of around £85m and already looks set to be worth every penny after establishing himself as a key asset at the Bernabeu in the weeks since. .

Tchouameni currently leads the rest of his Real Madrid team-mates when it comes to his defensive output having won more tackles, aerial duels and interceptions than any of his team-mates this season. His presence in Liverpool’s midfield would almost certainly have helped them keep things tight in the engine room, with the Reds having been criticized for being too porous in midfield of late.

JUST IN: Chelsea owner Todd Boehly ‘warned Billy Gilmour’ of Blues exit

A move for Tchouameni would also have offered an upgrade to Liverpool’s current options in the same position, with Jordan Henderson’s performances failing to ignite the world this season and Fabinho having struggled to consistently impress over the course of the season. of the last few months. Meanwhile, the Frenchman’s arrival at Anfield has reportedly lessened their reliance on James Milner and Harvey Elliott, who have been forced into top roles in recent weeks due to the club’s injury problems.

However, Liverpool ultimately missed the boat when it came to Tchouameni and were eventually forced to loan out Juventus playmaker Arthur Melo on deadline day to provide much-needed extra cover. The Reds tried to land Tchouameni, Klopp reportedly phoned him in an attempt to convince him to sign, but failed to do so due to the player’s unwavering desire to fulfill his dream of playing for Real Madrid.

Los Blancos manager Carlo Ancelotti has previously described Tchouameni as an ‘extraordinary’ midfielder, but knows he is far from finishing the article as he continues to get to grips with his new surroundings after his summer move to Spain.

DO NOT MISS

“He didn’t surprise me because we know him well, to invest so much money in a player you have to know him and he shows what we expected,” Ancelotti told reporters earlier this month.

“We work more on the defensive side of things because he defends well but he has to get used to the characteristics of his teammates. It’s not the same to play with [Luka] Modric and [Toni] Kroos as he is with [Fede] Valverde and [Eduardo] Camavinga.

“Tchouameni is a great midfielder, very focused on his work. He’s an extraordinary recruit.”

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Man Utd news: Gabriel Agbonlahor names six brilliant players without Cristiano Ronaldo | Soccer | sport https://stratiawire.com/man-utd-news-gabriel-agbonlahor-names-six-brilliant-players-without-cristiano-ronaldo-soccer-sport/ Sun, 11 Sep 2022 12:16:35 +0000 https://stratiawire.com/man-utd-news-gabriel-agbonlahor-names-six-brilliant-players-without-cristiano-ronaldo-soccer-sport/ Gabriel Agbonlahor believes six Manchester United players are benefiting from the decision to regularly leave Cristiano Ronaldo on the bench. The Portugal international has started just two of his side’s seven matches in all competitions so far. He is yet to score either, with the club’s young talents now central to Erik ten Hag’s plans […]]]>

Gabriel Agbonlahor believes six Manchester United players are benefiting from the decision to regularly leave Cristiano Ronaldo on the bench. The Portugal international has started just two of his side’s seven matches in all competitions so far. He is yet to score either, with the club’s young talents now central to Erik ten Hag’s plans at Old Trafford.

Ronaldo, who wanted to leave United in the summer transfer window, had a frustrating start to the season.

He is yet to score in seven appearances and, against Real Sociedad in the Europa League on Thursday night, drew as his side slipped to a 1-0 defeat.

Without Ronaldo, United have seen a transformed team – winning their last four Premier League games.

And Agbonlahor, speaking to Football Insiderthink Christian Eriksen, Bruno Fernandes, Scott McTominay, Antony, Jadon Sancho and Marcus Rashford are all benefiting from their No.7 ban.

“Man United look a lot better now, they look more organized and they have better team spirit,” he said.

“Everyone was calling on Man United to drop Ronaldo and play against players who want to put pressure on and they are reaping the benefits.

DO NOT MISS: What Ten Hag told his players about the Glazers

“United will build on their recent form to enter the top four.”

Ronaldo will hope to feature when United face off with Sheriff in the Europa League on Thursday night (5.45pm).

And he will also aim to stand out on the eighth request.

However, there is a growing feeling that the Portugal international is the odd one out when it comes to Ten Hag’s attack.

United have looked much smoother and smoother without the 37-year-old in the squad, with Rashford in particular benefiting.

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The England star has scored three goals in six Premier League appearances this season, including efforts against Liverpool and Arsenal.

And a source has told The Sun that Ten Hag believes the 24-year-old can score 20 goals this season and propel the club to title glory.

“The manager wants Marcus to be United’s No.1 striker and lead the line up front,” they reportedly said.

“He thinks Marcus has the ability to become one of the best in the world and wants him to express himself in games.

“He always tells him to use his pace and skills when he gets the chance. He told Marcus he will easily score 20 this season.

Manchester Utd schedule: When Erik ten Hag’s side take on every Premier League side

“They have a great relationship and Marcus is really happy.”

Besides, the insider also claims that United players are delighted with the decision to keep Ronaldo on the bench on a regular basis.

“As long as Ronaldo starts on the bench, the players have the confidence to speak out,” they added.

“With Ronaldo on the pitch, the team feels under pressure. All the players loved Ronaldo’s return, but they are frustrated that he missed pre-season.

“Ronaldo is unaware and trusts his instincts, but that doesn’t work in Ten Hag’s system.”

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SBI, ICICI and BoB hit 52-week highs https://stratiawire.com/sbi-icici-and-bob-hit-52-week-highs/ Fri, 09 Sep 2022 19:00:00 +0000 https://stratiawire.com/sbi-icici-and-bob-hit-52-week-highs/ With good growth in credit demand, banking stocks continue to do well. Private sector lender ICICI Bank closed Friday’s session at Rs 901.55, up 0.29%, reaching Rs 911.75 in intraday trading, a 52-week high. Bank of Baroda (BoB) stock also hit a 52-week high at Rs 557 on Friday – it ended at Rs 553.45, […]]]>

With good growth in credit demand, banking stocks continue to do well. Private sector lender ICICI Bank closed Friday’s session at Rs 901.55, up 0.29%, reaching Rs 911.75 in intraday trading, a 52-week high. Bank of Baroda (BoB) stock also hit a 52-week high at Rs 557 on Friday – it ended at Rs 553.45, up 1.6%. State Bank of India also hit a 52-week high at Rs 557 before closing at Rs 553.45, up 1.61%.

On Friday, the Bank Nifty closed at 40,415.7, up 0.5%. Since mid-June, the gauge has added almost 24%.

Loan growth in the fortnight ending August 26 was well over 15% year-on-year. Outstanding credit in the banking system stood at Rs 124.3 trillion at the end of August 26, with banks having lent nearly Rs 6 trillion between April and the end of August. In contrast, banks had recorded negative loan growth of around Rs 60,000 crore in the period a year ago.

Also Read: Equity Market HIGHLIGHTS: Sensex Ends 105bps High, Nifty at 17833 Amid Volatility; Shares of Infosys, TCS and SBI jump

Banks’ concern would be more about deposits, since these have grown at a much slower pace. For example, between April and August, aggregate deposits increased by 5.3 trillion rupees, compared to 4.03 trillion rupees in the comparable period of 2021.

The lenders raised funds via AT-1 bonds. SBI mopped up the cash via an AT-1 tranche at the lowest rate of any bank so far this year. The issue was for bonds worth Rs 6,900 crore at 7.75%.

Morgan Stanley believes strong balance sheets, diminishing macro concerns and improving capacity utilization set the stage for an upward capex cycle in F24-F25. The brokerage believes this could lead to a second round of re-rating of Indian banks. The brokerage raised loan growth estimates by two percentage points to 16% for F24 and by 3 percentage points to 17% for F25. This, coupled with lower borrowing costs, leads to upward revisions to earnings estimates. The company said it expects a 2 percentage point upgrade to earnings growth before provisioning and higher RoE (return on equity) assumptions.

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The Risk of Zero-Rate Lending as the Fed Talks Recession https://stratiawire.com/the-risk-of-zero-rate-lending-as-the-fed-talks-recession/ Wed, 07 Sep 2022 21:56:44 +0000 https://stratiawire.com/the-risk-of-zero-rate-lending-as-the-fed-talks-recession/ Bank of America recently announced a loan for low-income households that does not require buyers to provide a down payment or closing costs, and does not base the loan on a minimum FICO score. People’s first reaction was to wonder if it was 2008 again. Are we really making these kinds of loans and promoting […]]]>

Bank of America recently announced a loan for low-income households that does not require buyers to provide a down payment or closing costs, and does not base the loan on a minimum FICO score. People’s first reaction was to wonder if it was 2008 again. Are we really making these kinds of loans and promoting home ownership again without understanding the risks?

Well, it’s not 2008, but this type of lending does come with risk – and it’s the risk that’s traditional among all late-economic cycle loans in America when the loan requires little or no down payment. Sure, this Bank of America loan doesn’t have the exotic loan debt structures that caused so much pain during the housing crisis years, but it’s good to understand what could happen.

First, to explain my logic here, I need to express what I believe housing is: “Housing is the cost of housing relative to your ability to carry debt. It is not an investment. »

Part of our housing dilemma is, how can you make something affordable when you’re promoting it as someone’s best investment? Since many people believe that housing is a creator of wealth – and we want more Americans to have more wealth – the government must ensure that demand remains high enough for this wealth product to grow.

The whole system should be designed to inflate the price over time. That’s what we do in America. The housing market is highly subsidized so that demand increases and every time the economy weakens rates go down and this has a disproportionate impact on the housing market.

When mortgage rates drop, the majority of homebuyers (including homeowners who must sell to buy another home) are mostly employed, so lower rates benefit them greatly and demand for housing increases. This can cause home prices to get out of control, especially when the total inventory is at historically low levels. That’s what happened here in the United States. We finally paid the price – pun intended – for not having enough product, with massive house price increases from 2020 to 2022.

The National Association of Realtors Total inventory data shows that historically we have between 2 to 2.5 million houses for sale, but in 2022 we have fallen as low as 870,000 in total inventory. I always like to add that active rosters were higher in the 1980s – and we have a lot more people now. So when you add up buyers, down buyers, first time home buyers, cash buyers and investors, it can get out of hand.

We can see a clear deviation in house price growth from 2020, when we hit historically low inventory levels. So if it seems like I was freaking out about house price growth and desperately wanting inventory to go up, you can see my logic. In the summer and fall of 2020, I was basically in “danger, danger, Will Robinson” mode as inventory channels crashed at the worst possible time for our country.

Now we’re talking about a housing reset, and the Federal Reserve is raising rates with a tone that even implies they realize they can create a job-loss recession! I just want to point this out: the Federal Reserve is actively saying that households are going to feel pain and some are making statements that they might not cut rates during a recession if inflation is high.

For the traditional homeowner who bought a home many years ago and saw their nested equity skyrocket, that’s not much of a problem. If they lose their job, they have a lot of equity in their home, and most likely their finances have improved over time.

It’s a plus of home ownership, a fixed cost of long-term debt as their salaries rise every year. As you can see below, we didn’t experience the mortgage boom like we saw during the housing bubble years. So not only do we have over 40% mortgage-free homes, but the nested homeowners’ equity is now almost unfair. Remember that the system is designed to keep house prices inflated.

I always emphasize how crucial it was to have the Bankruptcy Reform Acts of 2005 and the Qualified Mortgage Acts of 2010, which together allowed homeowners to have the best financial profiles in the history of our country. When we look at the credit data over the last 10 years it looks nothing like the stress we experienced from 2003 to 2008 which was economic expansion and jobs created before the recession job losses in 2008 .


Homeowners buy a home, have a fixed payment, and over the life of the loan, as their salary increases, their cash flow improves.

FICO scores look much better now than as the Great Financial Crisis approached. So you can see the advantage of having a fixed payment housing cost, while your salary increases. We no longer have 100% loans that have a large overhaul rate risk, so the full house payment can force someone to sell, even if two people are working full time and don’t have lost their job. We now have a much better housing ecosystem.

That said, the concern I have with Bank of America’s no-down payment loan will be the concern I always have with late-cycle lending in any economic expansion. If we’re going to provide 100% financing with no closing costs and the Federal Reserve is talking about needing a recession, then I think we need to make sure people realize the risk of this type of lending. I have to make this statement because my six recession flags are up.

Let’s assume all parties understand the risk of the Bank of America 100% loan and other low down payment loans as the Federal Reserve tries to raise the unemployment rate. In this case, no one can be blamed for the product, either the one offering the loan or the one taking it.

In theory, you should never lose your home unless you lose a job or experience a financial emergency. Your home is where you raise your family, and the mortgage payment you make each month should give you a good night’s sleep.

However, no matter how strong the loan, we cannot overlook business cycle risk, especially when Federal Reserve officials talk about the need to raise unemployment rates to fight inflation. .

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Arsenal news: Six academy stars who could have a chance in the Europa League after injury | Soccer | sport https://stratiawire.com/arsenal-news-six-academy-stars-who-could-have-a-chance-in-the-europa-league-after-injury-soccer-sport/ Tue, 06 Sep 2022 05:20:00 +0000 https://stratiawire.com/arsenal-news-six-academy-stars-who-could-have-a-chance-in-the-europa-league-after-injury-soccer-sport/ Arsenal’s squad is expected to be stretched to the max in the coming weeks. Injuries mean Mikel Arteta may have to call on some of the club’s academy players in the Europa League in particular. Arsenal had no European football last season and so were able to get by with a relatively small group of […]]]>

Arsenal’s squad is expected to be stretched to the max in the coming weeks. Injuries mean Mikel Arteta may have to call on some of the club’s academy players in the Europa League in particular.

Arsenal had no European football last season and so were able to get by with a relatively small group of first-team players. However, their dating schedule should be busier than they usually are.

The World Cup in November means more Premier League games in midweek, while the Europa League starts this Thursday, with the Gunners at FZ Zurich. Mohamed Elneny, Thomas Partey and Reiss Nelson are all injured, while Emile Smith Rowe has raised further concerns after limping after Sunday’s 3-1 defeat at Manchester United.

After failing to bring in a midfielder late in the transfer window, Arteta hinted that he would have to use academy players to fill out his matchday squad. With several first-team stars likely to be rested for European competition, Express Sport are selecting six youngsters who could feature in the next two months.

READ MORE: Souness tells Ten Hag why Man Utd fans won’t be happy if he doesn’t change

Ben Cotrell

Cottrell, 20, has already made his first-team debut. He came on as a substitute in the Europa League win at Dundalk in December 2020.

The central midfielder missed a large part of last season through injury. The former England Under-18 international is yet to play this term which could cast doubt on his chances of featuring.

Zach Awe

Awe is a centre-back and could earn a first-team chance if Arteta wants to rest William Saliba, Ben White and Gabriel. He was on the bench for the 1-0 win over Wolves in February but has yet to make his senior bow.

Mauro Bandeira

A Portuguese midfielder, Bandeira signed his first professional contract with Arsenal in July. The former QPR youngster has been a regular for the Under-21 side so far this season.

Catalin Cirjan

Cirjan signed a new contract with Arsenal in May. The Romanian midfielder trained with the first team on Saturday as part of preparations for the trip to Old Trafford.

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