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WeWork Rival's CEO Pledges $667 Million Stake for Bank Loan

(Bloomberg) — IWG Plc Chief Executive Officer Mark Dixon pledged 270 million shares โ€“ about 93% of his holding โ€” in the worldโ€™s biggest operator of serviced offices as collateral for a loan of undisclosed size from Deutsche Bank AG, according to a regulatory filing.ย  The pledged stake is valued at almost ยฃ530 million ($667…
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Powell Wake-Up Call Means More Corporate Defaults: Credit Weekly

(Bloomberg) -- America’s most leveraged companies got a painful reality check this week when Federal Reserve Chairman Jerome Powell warned that a rate cut is still a couple of years away. Most Read from BloombergFlorida Is Losing Its Affordability Edge After Drawing a Flood of New ArrivalsGoodbye, Body Mass Index. You Won’t Be Missed.Blinken Has ‘Candid’ Talks With China’s Qin on Trip to Mend TiesNYC Air Quality Improves to Moderate Rating From ‘Unhealth...
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Source: yahoo.com

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How Masayoshi Son's 'money guy' Lex Greensill went from hero to zero

SoftBank Group Corp.โ€™s Masayoshi Son visited Indonesia, offering to invest billions of dollars toward the development of a new capital city. Lex Greensill, at the time a favorite of Sonโ€™s, was part of the entourage. SoftBank had invested $1.5 billion in Greensillโ€™s eponymous finance company, but in a meeting with Indonesian president Joko Widodo, Son introduced Greensill as the โ€œmoney guy,โ€ according to local TV footage. One year later, the money guy has become a money pit. Greensill...
United Kingdom Saudi Arabia South Korea City Of South Korean Masayoshi Son

How SoftBank Chief Masayoshi Son's Money Guy Went From Hero to Zero

The Spectacular Collapse Of SoftBank Chief Masayoshi Sons "Money Guy" SoftBank had invested $1.5 billion in Greensills eponymous finance company, but in a meeting with Indonesian president Joko Widodo, Masayoshi Son introduced Greensill as the "money guy," according to local TV footage. Updated: April 01, 2021 12:19 pm IST SoftBank lost money again in its Vision Fund, a quarter after the company posted a record quarterly loss. Highlights Masayoshi Son had described Greensill as the "money g...
United Kingdom Saudi Arabia South Korea City Of South Korean Masayoshi Son
Source: ndtv.com

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