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...MassMutual is making a minority investment in Atlas SP so it can gain access to the asset-backed debts the unit originates, packages into securities and sells....
...The top US consumer finance watchdog has raised doubts about megamergers in the credit card industry, just as Capital One attempts to close its $35.3bn takeover of card issuer Discover Financial Services...
...Greensill’s supply chain financing loans to Gupta-linked and other companies were packaged into securities sold to Credit Suisse investors through a group of $10bn supply chain finance funds....
...Citadel Securities has made a bid of about Rmb2bn ($280mn) for Credit Suisse’s Chinese securities business, as the market maker founded by billionaire Ken Griffin pushes ahead with expansion plans in China...
...Put another way, banks have been able to claw back just over half of the $20bn that shifted in favour of private credit firms in 2023. So, have we reached peak private credit?...
...Ant’s bid for Credit Suisse Securities (China) Ltd, which includes investment banking and brokerage services in mainland China, could complicate UBS’s plans to dispose of its stake in the unit....
...Rishi Sunak has appointed the vice-chief of the defence staff General Gwyn Jenkins as his new national security adviser....
...What this means is that no one has security over the assets or land needed to provide water services. At this point, readers may be wondering: “Who is insane enough to lend £14.7bn unsecured?”...
...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....
...Private credit alpha Unhedged went through a period last summer during which we obsessed over what expected returns for private credit might be, and where those returns come from....
...card, internet and mobile banking services....
...JPMorgan’s emphasis below: How big really is the private credit asset class? Naturally the answer to this question depends upon your definition of what constitutes ‘private credit’....
...Negotiations between highly indebted IT services company Atos and its lenders are hanging in the balance after one of its biggest creditors, Crédit Agricole, signalled it wanted to walk away....
...These should offer extra returns for holding complexity or illiquidity without adding credit risk....
...Today’s big read Two years on from the Great Resignation, when a roaring jobs market and the effects of the pandemic encouraged swaths of the workforce to switch employers, attrition in the professional services...
...The pair plan to focus on providing senior secured loans to companies, traditionally known as direct lending, according to a filing with the Securities and Exchange Commission....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...During the period Scope Group entities provided other advisory services to Greensill as well as credit ratings, such as “industry risk reports” Esma said, and it failed to flag these services when rating...
...Airbus has walked away from talks with Atos over a potential deal to buy its prized data and security business, imperilling efforts by the French IT services company to avoid going into debt restructuring...
...The company made an unexpected bid for Credit Suisse’s Chinese securities unit in February and is working to rapidly expand its international payments business in search of growth in the post-Ma era....
...The move to raise $500m in art-backed securities comes at a moment of deep distrust of Drahi in the bond market, however....
...Moderna paid $1,053,767 for security services to Stéphane Bancel, after not disclosing any security payments for him the previous year....
...Private credit deals, in addition to generating interest income, also charge management fees to limited partners....
...Capital One Financial, which is buying rival Discover Financial Services, is up 50 per cent. Americans held more than $1.1tn on their credit cards at the end of 2023, an all-time high....
...under management across fixed income, alternatives, real estate and infrastructure, a small slice of overall private capital markets which hit $13tn in 2022 according to the International Organization of Securities...
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