From specialty finance firms to boutique investment banks, a disparate mix of small financiers is bankrolling a U.S. gold rush for masks, gloves and other supplies in the wake of the novel coronavirus.
The New York-based startup is offering to finance deals smaller than US$5 million in return for 5per cent to 10per cent of the total value of the order and a 5per cent to 25per cent share of the profits, according to figures confirmed by Kosinski. A representative of Cambridge Wilkinson did not respond to requests for comment. The investment bank's deal ultimately fell through because the mask broker found another source of capital that was able to provide the funding more quickly.
While they serve an essential purpose by greasing a complicated trade that meets an urgent demand, some market participants said their presence can drive up costs of these essential supplies. Several investors said their fees were justified because these transactions were especially risky. Most involve multiple parties across the world, many new to the market, they said. Things often go wrong, from shipments being delayed or stuck at customs, to the price of transport rising unexpectedly. Fraud is also common, they said.
ایران آخرین اخبار, ایران سرفصلها
Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.
منبع: BusinessTimes - 🏆 15. / 51 ادامه مطلب »