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DebtX
The Debt Exchange, Inc. (also known as DebtX), is an American specialty finance company. It is one of the world's largest loan sale advisers for the sale of commercial, consumer and specialty finance debt. History Founded in 2000, DebtX began by selling loans in an online auction format. A dedicated online marketplace is operated for this purpose. Banks use the platform to unload low-performing loans or to trim loans prior to an acquisition. Since its founding, DebtX has expanded to offer other products and services including loan valuation, analytics and Current Expected Credit Losses, CECL solutions as well as web-based deal management platforms for use by syndication, agency and loan sale professionals. According to its website, DebtX prices nearly $1 trillion in loans per month. In 2006 and 2009, The Debt Exchange was awarded patent numbers 7,035,820 and 7,584,139, respectively, by the United States Patent and Trademark Office for its online loan sale and debt trading ex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
100 Summer Street
100 Summer Street is a high-rise building located in downtown Boston, Massachusetts. The building stands at with 33 floors, over 1.03 million square feet (over 92,000 m2) of office space, and was completed in 1974. It is ranked 24th on the list of tallest buildings in Boston. The building is notable for the distinctive bronze tint of its windows. It was designed in a U-shaped footprint to accommodate a small public plaza. Welton Becket and Associates was the architect. In 1998, EQ Office acquired the building. In 2019 it was sold to the Rockpoint Group. Notable tenants * DebtX * NantHealth * CloudHealth Technologies * Game Show Network *Geode Capital Management * Google * Nixon Peabody * State Street Corporation * Bloomberg L.P. * State Farm * Rapid7 * EverBank * VMware * Bullhorn, Inc. * InvenSense In popular culture *In the CW television show ''Arrowverse'', 100 Summer Street is shown as the fictional headquarters of Oliver Queen's company, Queen Consolidated (l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Failed Banks
A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities. A bank usually fails economically when the market value of its assets declines to a value that is less than the market value of its liabilities. The insolvent bank either borrows from other solvent banks or sells its assets at a lower price than its market value to generate liquid money to pay its depositors on demand. The inability of the solvent banks to lend liquid money to the insolvent bank creates a bank panic among the depositors as more depositors try to take out cash deposits from the bank. As such, the bank is unable to fulfill the demands of all of its depositors on time. A bank may be taken over by the regulating government agency if its shareholders' equity are below the regulatory minimum. The failure of a bank is generally considered to be of more importance than the failure of other types ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
