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...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...
...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...
...As well as spending on technology and new service offerings to clients, Grant Thornton could also step up acquisitions, an area where it has historically been less active than many rivals, the people said...
...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....
...Last year, it acquired a footprint in credit investments by purchasing Iron Park....
...Elyn Corfield, chief executive of Lloyds’ business and commercial bank, said she was “delighted to support the CDFI sector to back local businesses, with a focus on deprived areas, and ensure they have access...
...Oil and refined products is one area where the available data on supply levels, demand patterns and logistical variables has ballooned in recent years, Barrack told the Financial Times....
...that the departures would “create a range of issues” for Barings and attaching a term sheet offering to buy the credit business....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...Still, buyers’ remorse often sets in when the credit card bill arrives....
...Capital One and Discover are two of the biggest credit card lenders, behind JPMorgan Chase and Citigroup....
...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....
...obliviousness offered by private BDCs and other nontraded private credit vehicles....
...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....
...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....
...Speaking at an event at Stanford University, he claimed credit for recognising years ago how significant AI would be for all of Google’s products....
...The US National Football League and Amazon Web Services have developed a player health tool known as the Digital Athlete, which they hope may in time be able to predict and prevent injuries....
...“Everyone is losing sight of the fact that this market is too big for just private credit or banks.” Additional reporting by Sun Yu...
...Its property and casualty insurance division weakened, posting an overall underwriting loss reflecting worse conditions for areas such as credit insurance, but its major life and health insurance division...
...Whilst [Hong Kong’s port] is still a big employer, it is no longer the gateway to southern China as there are other ports in the Greater Bay Area which service the manufacturers there,” said Huxley, referring...
...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”....
...The cost of membership at the group’s invitation-only Shell Bay club is $1.35mn. “There’s this access to luxury golf arms race that’s happened,” said one hedge fund investor who plays in the area....
...In particular, we think that the Preqin data set underrepresents the size of BDCs, one of the fastest growth areas within the private credit landscape....
...But the Jana/Cannae partnership lets each side stick to their own area. As for potential targets, they may not have to look too far....
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