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...Other investment outfits inside Brookfield’s credit group include European credit manager LCM Partners, a stake in music royalty group Primary Wave, and a technology-focused lender called Pinegrove, in which...
...Another 50 cents is collected by the merchant acquirer, or companies such as Block or Stripe that provide the shop’s point-of-sale service system....
...In the first quarter, 28 companies arranged bank loans to refinance $11.8bn of debt that was previously provided by private credit firms, according to PitchBook data....
...Merchants will for the first time be able to assess customers different rates for all cards, rather than being able to differentiate based only on the credit card network....
...“Clean” automotive margins (which exclude regulatory credits and leasing income) were down from 29.7 per cent in the first quarter of 2022, to 18.3 per cent in the first quarter of 2023, and again to 15.6...
...First, there are the workers. In a speech on Monday, the Bank of England’s Nat Benjamin reminded us that 2.2mn people in the UK work directly for private equity portfolio companies....
...The industry then was dominated by high-risk loan tranches and second-lien lending, and many funds mixed junk bonds and distressed loans into portfolios, whereas today the industry is focused on first-lien...
...The great majority of private credit funds poses little maturity transformation risk, yet the growth of semiliquid funds could increase first-mover advantages and run risks....
...Several of the bank’s businesses — including credit cards and corporate transaction services — did better than expected in a quarter that many thought would be marred by the upheaval of the restructuring...
...By September 2023, Weightman began assembling a private credit team, said Corinthia....
...The first was specific to Klarna, which was redomiciling to the UK ahead of a potential public listing....
...*Ignites Europe is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at igniteseurope.com....
...This isn’t even the first time that loans to the ultra-rich backed by their trinkets have been fed into the ABS machine....
...“As a concept, credit-backed gilt repo is really exactly the same as having credit-backed swaps,” said Simeon Willis, chief investment officer at consultancy XPS Pensions....
...Kitao is the founder of Japan’s largest online brokerage, SBI, an institution first set up inside Masayoshi Son’s SoftBank but which has long since separated from the company....
...The first-quarter dividend of 20 cents a share is worth almost $2.5bn....
...Swiss financial news outlet Tippinpoint was first to report his departure....
...Dell’s vehicle will take a passive stake in 5C and invest in the firm’s first fund, which plans to provide senior loans to mid-sized and large businesses....
...Crédit Agricole, Atos, Attestor and the French bank lenders declined to comment. Crédit Agricole’s stance was first reported by online publication L’Informé....
...The FDIC employed its standard bank closure powers to handle last year’s regional banking crisis including the shutdowns of Silicon Valley Bank, Signature and First Republic....
...Bond yields have “come down enough from their peak that we see demand [from companies and households] for credit going forward”....
...Then came a private credit fund....
...The structure of the deal would involve Skydance first buying NAI and later merging with Paramount*....
...The EU has launched probes into Apple, Alphabet and Meta in the first use of a landmark new law designed to rein in Big Tech’s market power....
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