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Plus the courtroom drama behind Apollo’s $500mn loan sale and another Greensill-related legal fight
New construction makes up 30% of market with current homeowners clinging to cheaper mortgages
Billionaire founder says deal value of $639mn ‘penalises all shareholders’
Retailer is losing out as Americans shift spending towards essentials
‘Scale is important,’ executive says as environmental opponents slow new construction
US buyout group had proposed to take stake in consulting arm
US company’s plans to buy Tower Semiconductor fail to secure Beijing regulatory approval
Country’s auto industry hit by slow growth and weak demand as officials struggle to lift confidence following pandemic
Sony slashes its PlayStation 5 prices in attempt to grapple with changing player tastes
Investor cuts exposure to failed US trucking company after jockeying over debtor-in-possession financing
Deal with private equity group would allow Big Four firm to revive break-up plan
Shares in the five leading homebuilders touch new highs while DIY retailers report sales decline
Given the worsening economics for claims, there is concern that risk will not be underwritten at any price
US online payments company’s appointment of Alex Chriss as new chief executive is designed to engender change
Replacing commercial banks with investors is a good idea until credit stresses appear
Selling shares in Chinese companies offshore used to be a money-spinner — but that’s no longer the case
Plus, Apollo gets into the accounting business and retail investors give Buffett a boost
Statements on green and social investing seen as ‘fertile ground’ for enforcement division
Shares in sector have rallied this year owing to limited supply of new homes
Move comes a day after steelmaker rejected offer from Cleveland-Cliffs
Shares of regional lenders fall as FDIC also signals plan to make industry raise more debt
Apollo co-founder files complaint against Wigdor for ‘malicious prosecution’ of civil claim
Crowe UK missed fake agreements and fabricated letters in Akazoo records before music streamer was acquired by a Spac vehicle
S&P Ratings was the second to downgrade
Elite firm poaches private equity and debt finance specialists as competition for top hires intensifies
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