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...To get the merger approved, Capital One is making a case that there is little overlap between the two banks’ credit card businesses....
...Within weeks, a US regional banking crisis spurred a panic that ultimately contributed to Credit Suisse’s weekend takeover by UBS....
...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...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 fund has finished at either the very top or the absolute bottom of its peers in each of the past four years, according to data from Morningstar, which continues to rate ARKK as a one-star fund on a scale...
...Last year, it acquired a footprint in credit investments by purchasing Iron Park....
...that the departures would “create a range of issues” for Barings and attaching a term sheet offering to buy the credit business....
...But given the fact that base rates are so high — with high-yield yielding 7.7 per cent — that’s a really good absolute return....
...The deal allowed Credit Suisse to cut its holdings of such assets from $75bn to $20bn. Apollo rebranded the business as Atlas....
...Campaigners and economists have been calling for the ruling Conservative government to scrap its two-child limit policy, which means that families who claim universal credit or child tax credit cannot do...
...UBS put the business up for sale after taking control of Credit Suisse when it collapsed last year. It already has a securities unit in mainland China and cannot hold two licences....
...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....
...“Everyone is losing sight of the fact that this market is too big for just private credit or banks.” Additional reporting by Sun Yu...
...obliviousness offered by private BDCs and other nontraded private credit vehicles....
...The merger would reduce the ranks of the top 10 US credit card companies, leaving fewer options for consumers....
...Capital One and Discover are two of the biggest credit card lenders, behind JPMorgan Chase and Citigroup....
...Meanwhile, big money managers nowadays use artificial intelligence to sift through vast data sets such as real-time credit card sales and earnings call transcripts in a never-ending attempt to gain an edge...
...Still, buyers’ remorse often sets in when the credit card bill arrives....
...It has expanded into areas such as invoice financing and credit cards, and acquired a business that connects customers with professional contractors....
...Moody’s has cut New York Community Bancorp’s credit rating to junk, citing “high governance risks” and the potential for commercial real estate losses to create “confidence sensitivity”....
...Edward Finley of Arrow Wealth Advisory LLC pointed out that from a certain point of view, the question “does private credit, as an asset class, generate excess return” is a sort of category mistake: An...
...But for those in Miami for JPMorgan Chase’s annual credit conference this week, nothing was more enticing than a panel discussion on liability management exercises....
...“It is a real short-term opportunity, but the pain comes at the absolute worst time,” said one private equity executive....
...The multi-managers, whose other breakout star is Citadel, have over the past decade slightly outperformed traditional hedge funds in absolute terms....
...The first is that while HY spreads may be tight relative to history, HY still gives you a meaningful step up in absolute returns versus Treasuries....
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