Hints and tips:
Related Special Reports
...According to a CFPB report published last year, more than 80 per cent of the credit card market is controlled by 10 of its approximately 4,000 issuers....
...Credit Suisse sold the majority of its securitised products unit to Apollo in November 2022, just a few months before the Swiss bank was rescued by its rival UBS in March 2023....
...of Discover’s Pulse electronic payments network....
...In 2021, he hired three former Goldman partners — Paul Russo, Scott Rofey and Jeffrey Verschleiser — to lead the risk management of the firm’s equity, macro and rates, and credit divisions respectively....
...The private equity giant allegedly set up a web of sham trusts — using a secretive affiliate called Financial Credit Investment — to hold a portfolio of stranger-originated life insurance policies worth...
...which is owned by MassMutual, one of America’s biggest life insurers....
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome loans in favour of a cheaper alternative, according to data from Bank of America....
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, in an all-stock tie-up that is set to unite two of America’s largest credit card companies....
...Lutnick, who helped usher in electronic government bond trading in the late 1990s, has called CME’s dominance of Treasury futures “one of the great monopolies in America”....
...from receiving credit....
...Friday interview: Armen Panossian Credit markets are booming. Investor demand for public corporate credit seems insatiable and private credit is the asset class of the moment....
...UBS put the unit, which includes investment banking and brokerage services, up for sale after taking control of Credit Suisse when it collapsed last year....
...Divecha, head of market development for climate credit risk at S&P, told me yesterday....
...The merger would reduce the ranks of the top 10 US credit card companies, leaving fewer options for consumers....
...The reality is that many investors these days like the opacity and artisanal marking of truly private credit funds....
...Even if households often put the cost of living above jobs in their hierarchy of economic concerns, why is Biden not getting much credit for it either?...
...Return of Trump The FT writes about how the least divided place in America feels about the inevitability of Trump’s return....
...While it has a credit card loan book of $137bn, it also has issued a significant volume of auto and commercial loans....
...It has expanded into areas such as invoice financing and credit cards, and acquired a business that connects customers with professional contractors....
...Private credit, for example, exhibits “fragilities” and is “opaque and highly interconnected”, as the IMF noted prominently in its recent global financial stability report....
...Still, though, the bank’s new credit rating, two notches below investment-grade, includes the likes of AT&T and Walgreens. It isn’t yet obvious this is a bank failure waiting to happen. Disagree?...
...Citi, JPMorgan and Bank of America have all gotten in....
...It turns out that PaLM is a bit of a royalist: Yes, Queen Elizabeth II is alive on January 1st, 2020. She was born on April 21st, 1926, and as of today, she is 93 years old....
...And yet in 2021, the same McKinsey survey showed nearly 60 per cent of industry leaders expected North America to beat China in developing driverless car technology....
International Edition