Hints and tips:
Related Special Reports
...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...
...While UBS agreed to buy Credit Suisse in March 2023, the deal was not completed until last June. UBS reported $78bn of common equity tier one capital on Tuesday....
...Körner is one of the last Credit Suisse executives still at UBS, having seen chief financial officer Dixit Joshi, wealth management head Francesco de Ferrari and chief operating officer Francesca McDonagh...
...Switzerland’s financial regulator has attempted to block the release of key documents to investors who are suing it after $17bn of bonds were wiped out in the rescue of Credit Suisse....
...Greensill’s collapse trapped $10bn of assets in supply chain finance funds run by Credit Suisse....
...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...
...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....
...The UK’s huge Aventra rolling stock programme is but one example. Alstom has scale on its side. As it runs off unappetising legacy contracts, it should be able to sign new ones on better terms....
...Private credit is booming, nearing $2tn in assets globally. Most of that debt is being traded out of the public eye, a fact highlighted in the latest Global Financial Stability report from the IMF....
...Federal Reserve governor Lisa Cook on Wednesday said a surge in private credit was one of the “emerging vulnerabilities” that financial regulators need to pay attention to....
...Federal Reserve governor Lisa Cook on Wednesday said a surge in private credit is one of the “emerging vulnerabilities” that financial regulators need to pay attention to....
...Gilles Dellaert: Blackstone brought together nearly all of our credit and lending activities into one centralised business unit earlier this year, which we refer to as Blackstone Credit and Insurance....
...But his financial woes create two novel headaches — one for him, and one for America. For Trump, it undermines his reputation for being rich, which he and his base value highly....
...A merger between Virginia-based Capital One and Illinois-based Discover would shake up the US credit card landscape and mark one of the industry’s biggest deals since the 2008 financial crisis....
...Third, financial product innovation is a vital enabler....
...Assuming one turn of leverage on average and including dry powder but excluding ca $133bn of middle-market CLOs, here’s what JPMorgan came up with: Does this latest figure matter to anyone but financial...
...The private credit market has taken off in recent years after some banks shied away from lending in the wake of the global financial crisis....
...Once upon a time, banks were bigger than non-bank financial institutions (NBFIs). Those days are now a dim and distant memory. The blame (or credit) for this is usually laid at the door of regulators....
...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....
...Discover Financial’s chief executive has resigned just weeks after the credit card company reached an agreement to be sold to rival Capital One....
...One good read Soumaya Keynes on the Jamaican debt miracle....
...balances and auto loans signalling “increased financial stress”....
...The Credit Suisse experience was one reason why “we do want to remind investors that [bank] debt is at risk and we do have a resolution process”, Gruenberg added....
...Poor risk controls were a big factor in the fall of Credit Suisse. Finma is rare among national financial regulators in its inability to fine the companies that it oversees....
International Edition