Hints and tips:
Related Special Reports
...But the discussions underscore JPMorgan’s efforts to own a payments network to support its cards business and lessen its reliance on third parties such as Visa and Mastercard....
...However, its shares have since plunged from a $10 float price to $1.26, leaving the business with a market capitalisation of just $54.4mn....
...Warburg Pincus has teamed up with former Credit Suisse chair Sir António Horta-Osório on a €6bn-plus bid by the US private equity firm for Altice’s Portuguese telecoms assets, according to people familiar...
...“So it’s not easy to find the people that can then take a broader and more complete understanding of the business.”...
...“We want to increase our origination efforts in continental Europe, in particular on the private credit side,” he said....
...The deal allowed Credit Suisse to cut its holdings of such assets from $75bn to $20bn. Apollo rebranded the business as Atlas....
...Citadel Securities has bid 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, people...
...Highly forested countries such as Gabon and Suriname have struggled for decades to attract enough investor interest in nature protection, including through the issuance of carbon credits....
...But it was not until about a decade later that the private credit business really took off....
...US regional banks that frankly most Europeans had never heard of but were the size of several continental national champions were dying off as the sharp rise in interest rates exacted a heavy toll....
...In the US even major carriers including Northwest and Continental merged out of necessity; Northwest with Delta; Continental took over United; American absorbed TWA and US Airways while Virgin America merged...
...Credit Suisse had abandoned the North American wealth market in 2016. Expanding business in the US is a key priority for Khan....
...Hunt announced a new tax credit for UK independent films with a budget of less than £15mn....
...The former head of Credit Suisse’s wealth management business, Francesco de Ferrari, has become the latest executive of the fallen bank to leave UBS....
...Their high-margin business model remains intact. Visa and Mastercard set interchange rates, which can average between 2-4 per cent of the transaction amount. But they only get a small slice of this....
...In the letter, Kelleher and Ermotti said Credit Suisse failed because of a “broken business model” rather than a lack of capital....
...Barings added that Corinthia, which was founded by former real estate executive Paul Weightman in 2022, continued to contact other employees within its private credit business in the days that followed....
...of private credit in 2022....
...Now the problem is customer complaints about its subprime credit card business, via the Financial Ombudsman Service....
...But three-quarters of shareholders and share-trading volumes are in continental Europe. The London listing is a quirk of past consolidation....
...I recently put that question to David Rosenberg, who runs Oaktree’s HY and IG bond business as well as its global credit strategy. Notwithstanding tight spreads, he still likes the trade....
...the credit worthiness of Greensill Bank....
...The demand has helped push a number of continental European companies to issue sterling debt for the first time in recent months, including German real estate company Vonovia, German truck manufacturer Traton...
...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...
...— NAV Finance 101: the next generation of private credit (Oaktree) — Türkiye’s incredible balancing act (The Overshoot $) — The cost of carry (Harley Bassman PDF) — The JoUrneY frOm moNEtaRy shoCK to...
International Edition