Mexico courts big banks; New York eyes taxi lenders

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In response to this new competition, the taxi industry is suffering as medallion values plummet, sales come to a grinding halt, taxi cab profits drop, and borrowers start to default on their medallion loans. As a result, financial institutions with medallion loan portfolios must determine the value of their loans and plan write-offs accordingly.

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Ten years ago, stock markets plunged, major banks faltered. has a $3 billion portfolio of loans that back stakes in private companies. ubs and JPMorgan Chase have begun new efforts to court family.

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Mexico courts big banks; New York eyes taxi lenders 05/21/19 New president suggests less regulation and meets with bank leaders; state and city check for illegal lending activity. All these banks have profited in the past decade by surfing the ever-rising real estate wave.

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UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF NEW YORK. Supreme Court, New York County (Index No. 650691/15) (the "State Court Action"), asserting. The Loans are secured by taxi medallions owned by the borrowers, who are the debtors in.

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