Financial News
Also this week: Monzo co-founder joins startup, Perella Weinberg nabs ex-Morgan Stanley dealmaker By Friday March 12, 2021 11:42 am
Deutsche Bank has named Volkswagen chief financial officer Frank Witter as a new member of its supervisory board, replacing Alexander Schütz, the executive who came under fire for email communications with the boss of scandal-ridden payments firm, Wirecard.
Witter s appointment will be voted upon at the bank s annual general meeting in May. He s set to retire from Volkswagen in June. His term was due to end in 2023..
Fears of a debt disaster as property market runs hot and changes to safe lending laws loom
Posted
FriFriday 12
MarMarch 2021 at 7:24pm
Before the global financial crisis, Jacob wanted to develop his then property in the Tweed Valley into a tourist lodge but the bank repossessed it.
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He wanted to develop his then property in the Tweed Valley into a tourist lodge.
But in November 2009, he had a serious accident on the farm tractor and could not work.
He asked his lender at the time who he had taken a high-risk low-doc loan from to let him defer mortgage repayments until he could resume work.
Weeks before first pandemic-era federal budget, Ottawa’s hopes of cheap debt erode Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Sean Kilpatrick/The Canadian Press
Since the early days of the pandemic, the federal Liberal government has pointed to rock-bottom interest rates as a key reason why their spend-in-all-directions fiscal approach will not drive Canada into a debt wall.
In the fall economic statement, the Liberals asserted that its pandemic debts would be affordable, citing the precipitous decline in yields for the government’s 10-year bonds, a gauge not only of Ottawa’s borrowing costs, but also of the credit market’s belief that economic growth and inflation would be lukewarm for years to come.
Metamaterial Inc.: Metamaterial Eliminates $261.7 Thousand in Debt
HALIFAX, NS / ACCESSWIRE / March 12, 2021 / Metamaterial Inc. (the Company or META ) (CSE:MMAT) a developer of high-performance functional materials and nanocomposites, today announced that Fundo Capital de Risco Empreender Mais - Caixa Capital ( Caixa ) purchased 67,597 shares of the common stock of the Company for a price per share of $3.87. Caixa, a long-time creditor of META was owed a total of $261,735 by the Company and this obligation was extinguished in exchange for the issued shares. The purchase price was at a premium to the closing price of META shares on the CSE at the close on March 11, 2021.
DGAP-News: Douglas GmbH / Key word(s): Financing Douglas GmbH: Douglas GmbH Announces Syndication of €1,080 Million Term Loan B 12.03.2021 / 15:15 The issuer is solely responsible for the content of this announcement. NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SER.