{ }
001122334455554433221100
001122334455554433221100
Symbol ECPG
Name Encore Capital Group, Inc.
Currency USD
Sector Financials
IndustryGroup Banks
Industry Thrifts & Mortgage Finance
Market NASDAQ Global Select
Country United States
State CA
City San Diego
Zipcode 92108
Website http://www.encorecapital.com

bank of america leads wildfire recovery efforts in los angeles

Raul Anaya, head of business banking at Bank of America, is leading the bank's wildfire recovery efforts in Los Angeles, forming the L.A. Rebuild Council to support clients, employees, and the community. The bank has initiated a Client Assistance Program offering 90-day payment forbearance and is exploring new construction loans to aid clients in rebuilding. Anaya is also collaborating with local officials and financial leaders to foster public-private partnerships essential for community recovery and infrastructure improvement.

brookfield"s bank of america tower value plummets 69 percent in los angeles

Brookfield’s Bank of America Plaza in downtown Los Angeles has experienced a staggering 69% decline in appraised value, now valued at $188.9 million, down from $605 million a decade ago. This significant drop highlights ongoing challenges faced by office spaces in U.S. central business districts.

kkr and capital group launch new funds for wealthy investors

KKR & Co. and Capital Group are set to launch two new funds aimed at wealthy investors in the first half of next year, focusing on investments in both public and private debt markets. This partnership reflects a growing trend among money managers to offer private investment opportunities to individual investors, who typically have their wealth concentrated in public markets.

capital group strengthens institutional client team with new director in switzerland

Capital Group has appointed Monika Waidacher as Director in its Swiss institutional client team, based in Zurich, to enhance relationships with institutional clients in German-speaking Switzerland. With extensive experience from Goldman Sachs and NN Investment Partners, Waidacher will support the firm's strategic focus on the Swiss market, which employs over 140 people across its two offices.

asia pacific wealth management sector appointments and changes in august 2024

asset management landscape shifts as giants grow and small firms thrive

The asset management industry continues to see consolidation, with the largest 20 firms controlling 85% of U.S. assets. While passive investment funds dominate, smaller firms like Alpha Architect and Simplify are experiencing significant growth, showcasing opportunities for innovation and market share recovery among active managers.

new etf proposal aims to democratize access to private credit markets

State Street Global Advisors and Apollo Global Management have proposed a groundbreaking ETF that would invest in both public and private credit, pending SEC approval. While this move aims to democratize access to private markets, concerns about valuation, liquidity, and potential self-dealing remain, as the ETF would rely heavily on Apollo for asset pricing and liquidity. The initiative reflects a growing trend to merge private and public investments, despite skepticism regarding the implications for long-term investment strategies.
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