tyb
old skool dankness
nice
Wells Fargo to Sell Student Loan Book to Apollo, Blackstone
Wells Fargo & Co. agreed to sell its $10 billion private student loan book to a group including Apollo Global Management Inc. and Blackstone Group Inc., according to people familiar with the matter.
Wells Fargo said in a statement late on Friday that it had agreed to the sale, without identifying the investors or disclosing terms. Apollo and Blackstone were the purchasers, the people said, asking not to be identified discussing a private matter. Bloomberg reported the talks earlier this month. Representatives for Apollo and Blackstone declined to comment. A representative for Wells Fargo declined to comment beyond the statement. The loan portfolio will be serviced by Nelnet Inc., a student-loan servicing firm, according to the statement. Wells Fargo has been in talks to pare back certain businesses as Chief Executive Officer Charlie Scharf, who took over late last year, prepares to lay out his vision for the beleaguered lender. In his time atop the firm, Scharf has been conducting business reviews and promised a simpler structure focusing on key units. He told analysts in October that Wells Fargo will “continue to exit some things which aren’t core to the U.S. banking franchise.”
Wells Fargo has also been exploring selling its $607 billion asset manager, as well as its corporate trust and private-label credit cards businesses, Bloomberg has reported. The lender was expected to receive second-round bids for its asset management arm on Friday, Dow Jones reported. San Francisco-based Wells Fargo notified customers in September that it would exit the private student loan business. It will accept new applications from existing private student loan borrowers until late January, according to the statement. The principal balance of the student loan portfolio was $10 billion at the end of September, it said.
https://www.bnnbloomberg.ca/wells-fargo-to-sell-student-loan-book-to-apollo-blackstone-1.1538781
This gets all the non-performing (or whatever is included in these trans.) paper off Wells Fartgo's books and buried at Apollo and Blackstone.
See Country-Wide and Bank of ~~Italy~~ America in early 2008 and in no way done prior to the engineered take down of the markets in late Sept. /s
https://mobile.twitter.com/PatrickByrne/status/1340040934256488451
On election night in the United States, bandwidth between the United States and Frankfurt Germany reached a new record: DE-CIX Frankfurt hits 10 Tbps peak traffic - DE-CIX
https://www.de-cix.net/en/about-de-cix/news/de-cix-frankfurt-hits-10-tbps-peak-traffic
and Note the background colors on both
Gold and Silver.
Byrne did an extensive job documenting wall st. largresse at deepcapture.com
Tons of evidence and it never went anywhere.
They tried to make Mark Cuban the face of all of that after Byrne sort of kept queit-that was another management job ala Occupy ~~cock~~ wall street.
commented on this in gen with the backgrounds
XA340 formerly SAM340 USAF G5 departed Maui ne after an arrival on 1216 from Peterson AFB depart
JBA departure on 1214 to Offutt AFB prior to Peterson arrival
On 1217 in departed north as XA340 (cap 2) then returned about three hours later…having some 40ft discussions that day?
Waller sworn in as Federal Reserve Board governor
Christopher Waller was sworn in Friday to the Federal Reserve’s Board of Governors, whose members - along with the leaders of the 12 regional Fed banks - set U.S. interest rate policy for the world’s biggest economy.
not really-the bond market does it and they are just the messengers-but they like to tell everyone they set rates.
Waller was most recently the research director at the St. Louis Fed, and is the fifth person that outgoing President Donald Trump has put into their current roles on the Board. Waller, whose term ends in 2030, took his oath remotely from his residence in St. Louis, the Fed said in a statement.
The Fed cut interest rates to near zero as the coronavirus spread in March and has promised to keep them there until the labor market has healed and inflation has risen to its 2% goal. The Fed this week also pledged to keep buying $120 billion in Treasuries and mortgage-backed securities each month until the economy has made “substantial progress” towards those goals.
https://www.reuters.com/article/usa-fed-waller/waller-sworn-in-as-federal-reserve-board-governor-idUSL1N2IY3A3
pretty sure I know which areas
sounds a lot like SF/Bay Area 20 years ago and affordability aside one reason why i left.
LA proper has always been a hole.
Some nice areas surrounding, know the valley well-born there.
would leave early-like at 3am from here to just get through it all on travels north.
SAM330 USAF G5 inbound from Paris- Le Bourget Airport overnight
This AC departed JBA on 1213 and a ground stop at Shannon, Ireland then on to Tel Aviv-Ben Gurion Int'l for a 1214 arrival
Depart on 1215 for a ground stop at Riyadh, SA then on to Dubai for an overnight
Depart on 1216 back to Riyadh, SA then nw to London-Stansted Airport
1217 with a dash down to Paris-Le Bourget Airport for a 2 day stay then depart on 1219 nw
02-5001 USAFSOC C-32B departed Eglin AFB nw
>ebil killer
love that….
noice day ahead for ya.
will be good here too-some domestic shit today around the abode.
low 40's but earlies still
Navy brass that went to New Delhi and Mumbai inbound from Genoa, Italy overnight
VV100 US Navy G5 inbound to JBA from
This AC departed JBA on 1214 and ground stop at Marseille prior to arrival at Manama, Bahrain on 1215
Depart se for New Delhi on 1216 and a trip sw to Mumbai on 1217 for an overnight
1218 depart to Rome, Ciampino Airport for a ground stop then Genoa for an overnight.
depart earlier today nw
R1778 US Army G5 departed JBA ne
02-5001 USAFSOC C-32B on descent for Bozeman, MT. Yellowstone Int'l-landed an 1 hr 50min ago
departed Eglin AFB earlier
This AC was last here on Monday 1214