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...Apollo has sold a stake in the lending business it acquired from Credit Suisse last year shortly before the Swiss bank’s shotgun rescue by UBS, securing a multibillion-dollar investment from one of the US...
...And while high-yield bond sales are up, investors warn the market is all but closed for lower-rated groups....
...of finance and dialling back lending to riskier businesses....
...Since late last week a group of more than a dozen VC firms have been in talks about how to enable SVB to continue lending to, investing in and advising companies and executives in the sector....
...Certain areas of lending where the regional banks used to be active — asset-backed finance, some types of small business financing, consumer lending — they’re no longer active in....
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...Mashinsky said there was a “lack of institutional lending available to cryptocurrency companies” at the time....
...The central bank’s “pledged supplementary lending” programme, a quasi-fiscal facility for cut-price loans used in past stimulus pushes, increased the pace of lending 12 per cent in December....
...But the direct lending funds they manage may begin to post lower returns, investors said....
...Muddy Waters, a short selling group, often publicises its bearish bets after extensive research....
...Smart reads Debt demolition Commercial real estate lending has fallen to dangerously low levels, threatening a rise in defaults on expiring debt and a near freeze in new construction, The Wall Street Journal...
...The regulator also said the settlement made it clear that “crypto lending platforms and other intermediaries need to comply with our time-tested securities laws”....
...chair placed under ‘mandatory measures’ on suspicion of crimes (FT) OpenAI and Jony Ive in talks to raise $1bn from SoftBank for AI device venture (FT) Moody’s warns of ‘systemic risk’ from leveraged lending...
...Apollo’s lending business originated $23bn in loans in the latest quarter to finance companies such as semiconductor group Wolfspeed, AT&T and Air France....
...In a rare interview with DD’s Antoine Gara, Durban laid out the closely followed private equity group’s mantra....
...Executives in the NAV lending industry said that most new loans were still being used to fund distributions to the investors in funds....
...Vingroup is one such national champion that will enjoy strong government support,” said Peter Mumford, south-east Asia analyst at Eurasia Group....
...He characterised the lending as “highly complementary” to the banking system because it is coming from sources of long-term capital, versus a more leveraged bank balance sheet....
...The recently-acquired securitised products group of Credit Suisse was busy providing cash to the likes of PacWest, the besieged California-based bank....
...It signals that large banks, which have collectively nursed billions of dollars in losses on “hung debts” such as Twitter, Citrix and Nielsen, are lending again....
...The move will combine the world’s first Bitcoin and crypto securities business with the first crypto lending platform....
...Separately Teddy Desloge has been named chief financial officer of Blackstone’s secured lending fund among other new appointments....
...In the wake of the 2008 financial crisis and the passage of what is known as the Dodd-Frank law, private credit and equity groups have assumed a much greater role....
...The interest of private investment groups comes as they have crowded into lending businesses traditionally dominated by banks....
...But he does think investors such as Apollo could be a better home for its lending activities. Blackstone, KKR, Ares Management and Carlyle Group are also examining SVB’s loans portfolios....
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