Hints and tips:
Related Special Reports
...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...
...UBS agreed to rescue Credit Suisse last March in a deal orchestrated by Switzerland’s finance ministry, financial regulator and central bank....
...Here’s a fun prediction: The privacy of private credit markets could be eroded by their own success....
...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 letter, Kelleher and Ermotti said Credit Suisse failed due to a “broken business model” rather than a lack of capital....
...When traditional financial institutions seized up amid monetary tightening and Silicon Valley Bank’s implosion in 2023, private credit funds were the only game in town to fund most deals....
...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....
...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...
...Now the problem is customer complaints about its subprime credit card business, via the Financial Ombudsman Service....
...Data published by the Financial Ombudsman Service, an independent public body, on Friday showed that 5,660 complaints about credit cards were lodged from October to December last year, a 76 per cent increase...
...Swiss financial news outlet Tippinpoint was first to report his departure....
...and small banks as merchants gained the ability to steer customers to preferred credit cards....
...Capital One’s $35.3bn proposed takeover of Discover Financial Services would fuse two leading credit card lenders and give it control of a network that connects consumers, merchants and banks....
...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....
...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....
...Often, travel insurance is included either as an extra benefit or service through your bank or credit card company as part of a package of services for which you pay a monthly or annual fee....
...willingly underwrote before the financial crisis....
...“Private credit typically involves lending to unrated or unlisted companies and is therefore less transparent,” he says....
...And yet . . . services inflation is kind of high, the labour market remains strong, and financial markets seem to reflect no worry whatsoever. Is this how The Economy is supposed to work?...
...The group, which is one of the world’s biggest insurers and offers broader financial services including banking, reported operating profits down a fifth at Rmb118bn ($16bn) last year, in results released...
...That might indicate that the people involved are generally doing a better job than they get credit for from regulators and financial journalists?...
...Tougher regulation following the financial crisis meant banks retreated from lending to small and medium-sized businesses across the US and Europe....
...financial system as a whole!)...
...as a source of systemic financial risk....
International Edition