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Abnegation

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- AbnegationAbnegation
  ·2021-09-23
  sreits!
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- AbnegationAbnegation
  ·2021-09-23
  $SIA 5xLongSG230420(DKKW.SI)$what is tis
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- AbnegationAbnegation
  ·2021-09-22
  $SINGAPORE AIRLINES LTD(C6L.SI)$volatility
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- AbnegationAbnegation
  ·2021-09-18
  $SANLI ENVIRONMENTAL LIMITED(1E3.SI)$help me
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- AbnegationAbnegation
  ·2021-09-18
  $APAC REALTY LIMITED(CLN.SI)$oh my gosh
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- AbnegationAbnegation
  ·2021-09-17
  $YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$great swing
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- AbnegationAbnegation
  ·2021-09-16
  $ESR-REIT(J91U.SI)$ monitoring
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- AbnegationAbnegation
  ·2021-09-16
  Why :(
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- AbnegationAbnegation
  ·2021-09-15
  $UMS HOLDINGS LIMITED(558.SI)$let's go!
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- AbnegationAbnegation
  ·2021-09-15
  Amazing!
  Goldman Is Buying GreenSky in a $2.2 Billion
  Specialty lender helps consumers with big one-time purchases like cosmetic surgery and home improvem
  Goldman Is Buying GreenSky in a $2.2 Billion
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href=\"https://laohu8.com/S/CLN.SI\">$APAC REALTY LIMITED(CLN.SI)$</a>oh my gosh","listText":"<a href=\"https://laohu8.com/S/CLN.SI\">$APAC REALTY LIMITED(CLN.SI)$</a>oh my gosh","text":"$APAC REALTY LIMITED(CLN.SI)$oh my gosh","images":[{"img":"https://static.tigerbbs.com/607a42e510b6598b9e3b1125b1825d4b","width":"1080","height":"2166"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/887912965","isVote":1,"tweetType":1,"viewCount":665,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":884826232,"gmtCreate":1631881007426,"gmtModify":1676530660194,"author":{"id":"4087348917371400","authorId":"4087348917371400","name":"Abnegation","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087348917371400","authorIdStr":"4087348917371400"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BS6.SI\">$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$</a>great swing","listText":"<a href=\"https://laohu8.com/S/BS6.SI\">$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$</a>great swing","text":"$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$great 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monitoring","images":[{"img":"https://static.tigerbbs.com/cf7c0acfde92b5e8ab1fc03ec1a2c9ef","width":"1080","height":"2166"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/885055649","isVote":1,"tweetType":1,"viewCount":328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":885055841,"gmtCreate":1631747911783,"gmtModify":1676530622435,"author":{"id":"4087348917371400","authorId":"4087348917371400","name":"Abnegation","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087348917371400","authorIdStr":"4087348917371400"},"themes":[],"htmlText":"Why :(","listText":"Why :(","text":"Why :(","images":[{"img":"https://static.tigerbbs.com/e4794caa28cdf28705dfc58219342846","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/885055841","isVote":1,"tweetType":1,"viewCount":408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":882520508,"gmtCreate":1631709276804,"gmtModify":1676530614292,"author":{"id":"4087348917371400","authorId":"4087348917371400","name":"Abnegation","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087348917371400","authorIdStr":"4087348917371400"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/558.SI\">$UMS HOLDINGS LIMITED(558.SI)$</a>let's go!","listText":"<a href=\"https://laohu8.com/S/558.SI\">$UMS HOLDINGS LIMITED(558.SI)$</a>let's go!","text":"$UMS HOLDINGS LIMITED(558.SI)$let's go!","images":[{"img":"https://static.tigerbbs.com/e717f7bf668176c2d0f883364e4043a1","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/882520508","isVote":1,"tweetType":1,"viewCount":859,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":882520984,"gmtCreate":1631709221048,"gmtModify":1676530614285,"author":{"id":"4087348917371400","authorId":"4087348917371400","name":"Abnegation","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087348917371400","authorIdStr":"4087348917371400"},"themes":[],"htmlText":"Amazing!","listText":"Amazing!","text":"Amazing!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/882520984","repostId":"1142964056","repostType":4,"repost":{"id":"1142964056","kind":"news","pubTimestamp":1631708208,"share":"https://ttm.financial/m/news/1142964056?lang=&edition=fundamental","pubTime":"2021-09-15 20:16","market":"us","language":"en","title":"Goldman Is Buying GreenSky in a $2.2 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1142964056","media":"The Wall Street Journal","summary":"Specialty lender helps consumers with big one-time purchases like cosmetic surgery and home improvem","content":"<p>Specialty lender helps consumers with big one-time purchases like cosmetic surgery and home improvements</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62006ecfcb993b6b033219e7b9111f87\" tg-width=\"1290\" tg-height=\"859\" referrerpolicy=\"no-referrer\"><span>Goldman will pay roughly $12 a share in stock for specialty lender GreenSky.</span></p>\n<p>Goldman Sachs Group&nbsp;Inc.&nbsp;is buying specialty lender&nbsp;GreenSky&nbsp;Inc.&nbsp;for $2.2 billion, striking a deal it hopes will further its reinvention from Wall Street powerhouse to Main Street player.</p>\n<p>GreenSky stock Popped 45% in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/2f590f5d801f51cec03c370bbc52edc3\" tg-width=\"848\" tg-height=\"634\" width=\"100%\" height=\"auto\"></p>\n<p>Goldman will pay roughly $12 a share in stock for GreenSky, which arranges loans for big one-time purchases like construction projects or cosmetic surgery. It works with thousands of merchants ranging from&nbsp;Home Depot&nbsp;Inc.&nbsp;to independent doctors and dentists, and pitches its loans as cheaper and more responsible alternatives to credit cards.</p>\n<p>“Our goal is to build a real banking platform of the future,” Goldman Chief Executive David Solomon said in an interview. “This moves us along in that journey.”</p>\n<p>GreenSky went public in 2018 at a valuation of roughly $4 billion, part of a new crop of startups promising to reinvent how people borrow money. It has pitched itself as&nbsp;a technology platform&nbsp;connecting consumers who need help covering a major purchase and merchants eager to increase sales.</p>\n<p>But missed payments rose, exposing a business that looked more like a boom-and-bust lender than a growing software company. The banks that GreenSky relied on to buy the bulk of its loans—the company isn’t itself a bank and needs outside funding&nbsp;—&nbsp;started to sour&nbsp;on the sector.</p>\n<p>The pandemic didn’t help. Stay-at-home orders halted elective medical procedures. Renovation projects that it would have otherwise financed were snarled by supply-chain issues and labor shortages. GreenSky’s stock is down about 70% from its peak.</p>\n<p>The deal price is 55% higher than GreenSky’s closing price Tuesday, though it includes a $445 million tax adjustment. David Zalik, GreenSky’s founder and largest shareholder, will join Goldman as a partner, Mr. Solomon said.</p>\n<p>Goldman’s consumer bank, Marcus, launched in 2016 and now offers savings accounts, personal loans and investment advice. But without branches or a long history on Main Street, the firm has struck a series of partnerships to bring in customers—with&nbsp;Apple&nbsp;Inc.&nbsp;to launch a credit card, with&nbsp;JetBlue Airways&nbsp;Corp.&nbsp;to lend to travelers, and with&nbsp;Amazon.com&nbsp;Inc.&nbsp;to finance inventory for independent sellers in the tech giant’s marketplace. Buying GreenSky brings thousands of merchants in one fell swoop.</p>\n<p>GreenSky is part of the&nbsp;“buy now, pay later”&nbsp;wave of companies offering loans that let consumers spread out purchases over weeks or months, usually at lower interest rates than credit cards. Deal making in that sector has ramped up this year, with&nbsp;Afterpay&nbsp;Ltd.&nbsp;selling to Square Inc. for $29 billion and&nbsp;PayPal Holdings&nbsp;Inc.&nbsp;buying Japan’s Paidy Inc. for $2.7 billion. Those companies mostly finance online purchases, while GreenSky peddles its loans through bricks-and-mortar merchants and home-renovation contractors.</p>\n<p>Goldman has long been averse to takeovers, preferring to nurture its own talent and build internally. It has been more acquisitive under Mr. Solomon, a former deal maker who took the top job in 2018. It bought a network of financial advisers in 2019 and last month&nbsp;struck a deal for a European money manager.</p>\n<p>Goldman flirted with acquiring GreenSky&nbsp;two years ago, when GreenSky sought potential buyers after its shares tumbled. Those talks fizzled, but the company restarted a sales process earlier this year.</p>\n<p>GreenSky in July reached a settlement with the Consumer Financial Protection Bureau to resolve what the regulator called “careless business and customer service practices” that allowed merchants and contractors to take out loans on behalf of thousands of customers who didn’t ask for them. GreenSky agreed to cancel up to $9 million in outstanding loans and pay a $2.5 million penalty.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Is Buying GreenSky in a $2.2 Billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Is Buying GreenSky in a $2.2 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-15 20:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/goldman-is-buying-greensky-in-a-2-2-billion-bid-to-finance-your-childs-braces-11631706601><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Specialty lender helps consumers with big one-time purchases like cosmetic surgery and home improvements\nGoldman will pay roughly $12 a share in stock for specialty lender GreenSky.\nGoldman Sachs ...</p>\n\n<a href=\"https://www.wsj.com/articles/goldman-is-buying-greensky-in-a-2-2-billion-bid-to-finance-your-childs-braces-11631706601\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GSKY":"Greensky Inc.","GS":"高盛"},"source_url":"https://www.wsj.com/articles/goldman-is-buying-greensky-in-a-2-2-billion-bid-to-finance-your-childs-braces-11631706601","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142964056","content_text":"Specialty lender helps consumers with big one-time purchases like cosmetic surgery and home improvements\nGoldman will pay roughly $12 a share in stock for specialty lender GreenSky.\nGoldman Sachs Group Inc. is buying specialty lender GreenSky Inc. for $2.2 billion, striking a deal it hopes will further its reinvention from Wall Street powerhouse to Main Street player.\nGreenSky stock Popped 45% in premarket trading.\n\nGoldman will pay roughly $12 a share in stock for GreenSky, which arranges loans for big one-time purchases like construction projects or cosmetic surgery. It works with thousands of merchants ranging from Home Depot Inc. to independent doctors and dentists, and pitches its loans as cheaper and more responsible alternatives to credit cards.\n“Our goal is to build a real banking platform of the future,” Goldman Chief Executive David Solomon said in an interview. “This moves us along in that journey.”\nGreenSky went public in 2018 at a valuation of roughly $4 billion, part of a new crop of startups promising to reinvent how people borrow money. It has pitched itself as a technology platform connecting consumers who need help covering a major purchase and merchants eager to increase sales.\nBut missed payments rose, exposing a business that looked more like a boom-and-bust lender than a growing software company. The banks that GreenSky relied on to buy the bulk of its loans—the company isn’t itself a bank and needs outside funding — started to sour on the sector.\nThe pandemic didn’t help. Stay-at-home orders halted elective medical procedures. Renovation projects that it would have otherwise financed were snarled by supply-chain issues and labor shortages. GreenSky’s stock is down about 70% from its peak.\nThe deal price is 55% higher than GreenSky’s closing price Tuesday, though it includes a $445 million tax adjustment. David Zalik, GreenSky’s founder and largest shareholder, will join Goldman as a partner, Mr. Solomon said.\nGoldman’s consumer bank, Marcus, launched in 2016 and now offers savings accounts, personal loans and investment advice. But without branches or a long history on Main Street, the firm has struck a series of partnerships to bring in customers—with Apple Inc. to launch a credit card, with JetBlue Airways Corp. to lend to travelers, and with Amazon.com Inc. to finance inventory for independent sellers in the tech giant’s marketplace. Buying GreenSky brings thousands of merchants in one fell swoop.\nGreenSky is part of the “buy now, pay later” wave of companies offering loans that let consumers spread out purchases over weeks or months, usually at lower interest rates than credit cards. Deal making in that sector has ramped up this year, with Afterpay Ltd. selling to Square Inc. for $29 billion and PayPal Holdings Inc. buying Japan’s Paidy Inc. for $2.7 billion. Those companies mostly finance online purchases, while GreenSky peddles its loans through bricks-and-mortar merchants and home-renovation contractors.\nGoldman has long been averse to takeovers, preferring to nurture its own talent and build internally. It has been more acquisitive under Mr. Solomon, a former deal maker who took the top job in 2018. It bought a network of financial advisers in 2019 and last month struck a deal for a European money manager.\nGoldman flirted with acquiring GreenSky two years ago, when GreenSky sought potential buyers after its shares tumbled. Those talks fizzled, but the company restarted a sales process earlier this year.\nGreenSky in July reached a settlement with the Consumer Financial Protection Bureau to resolve what the regulator called “careless business and customer service practices” that allowed merchants and contractors to take out loans on behalf of thousands of customers who didn’t ask for them. GreenSky agreed to cancel up to $9 million in outstanding loans and pay a $2.5 million penalty.","news_type":1},"isVote":1,"tweetType":1,"viewCount":682,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}