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...Rohit Chopra, director of the Consumer Financial Protection Bureau, warned about the effects of large deals on competition and financial stability....
...Government bonds might be swapped out for other private credit assets as the reinsurer attempts to generate yield, for example....
...“It’s fair to say the number of [company] names on the watch list of all the [private credit] managers have increased,” said Samorajski of Ipers, adding that he was waiting for investments to happen “little...
...Reintroducing credit into the mix runs the risk of opening some of the issues that were previously addressed.”...
...The report said government spending on the state pension, pension credit and winter fuel payment was expected to be £132bn in 2023-24, or 5.1 per cent of national income....
...“We have been most active in private equity secondaries given the larger opportunity set but continue to consider opportunities across the private credit and infrastructure spaces,” Christian Dobson, alternatives...
...A proposal to increase the $483bn fund’s positions in assets such as private equity and private credit from 33 per cent of the plan to 40 per cent was approved on Monday, according to an announcement by...
...funds’ credit exposure....
...We have a guest appearance in today’s newsletter: our colleague Josephine Cumbo has an interview with the chief investment officer of one of Australia’s biggest pension funds....
...In all, banks’ share of private lending in the US economy has fallen from 60 per cent in 1970 to 35 per cent last year, according to a new National Bureau of Economic Research paper....
...The powers would be targeted at areas where fraud and error were highest, such as universal credit, it added....
...The new measure will slash typical credit card late fees from an average of $32 to $8 in most cases....
...Credit: The Independent, The Times and the Sunday Times Mentioned in this podcast: Joe Biden’s speech to steel workers underscores union’s burgeoning influence Joe Biden calls for tripling of tariffs...
...And gross domestic product is expanding at the fastest clip of any advanced economy. But Biden, the president who has overseen this bonanza since defeating Trump in 2020, is getting little credit....
...The ascendance of private credit into mainstream finance has reached its logical endpoint: a courthouse in Mecklenburg County, North Carolina....
...By leveraging the collection of local newspapers, we can measure sentiment at a higher degree of granularity, such as the county or state level....
...These revenues grew to more than $14bn in 2022 of the $130bn issuers charged consumers in interest and fees, according to the Consumer Financial Protection Bureau....
...And if he won in November and we saw an expansion of MLB baseball across the world, he’d be taking credit for it and saying it was all his idea....
...Research by the Consumer Financial Protection Bureau showed that more than 80 per cent of the market for credit cards is controlled by 10 of the 4,000 banks that offer them, including Capital One and Discover...
...Experian is the world’s largest credit bureau, with the heft to expand into adjacent markets....
...A 2019 report about oil and gas wells on federal land by the US Government Accountability Office found that 84 per cent of bonds issued by the Bureau of Land Management were not enough to cover clean-up...
...The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. CREDIT: Forbes Breaking News Read a transcript of this episode on FT.com...
...All credit to Professor Josephine Quinn (Life & Arts, February 3) for tackling the civilisation myth. Human knowledge has exploded since Ancient Greece....
...Barings has raised billions of dollars for its private credit strategy from investors including Staffordshire County Council’s pension fund and a fund that invests the money of Ohio schoolteachers....
...Philadelphia and Cobb County near Atlanta — that have become key to winning statewide....
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