Banks are more cautious about providing buyout financing for fear they will lose money when they unload the loans to investors. Now, dealmakers are finding it harder to get cheap debt to grease returns or sell bets at profits. The results promise austere times for an industry that minted wealth and amassed reach across the economy during an era of low interest rates. That measure of earnings available to shareholders amounted to $1.06 a share, beating analyst expectations of 99 cents. 30 fell 16% to $1.37 billion, Blackstone reported on Thursday. (Bloomberg) - Blackstone Inc.’s third-quarter profit faltered as wild markets and rising borrowing costs chilled the pace of dealmaking at the world’s largest alternative-asset manager.ĭistributable earnings in the quarter ended Sept.
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