Hints and tips:
Related Special Reports
...“If you look at the special profits, it’s an indicator that the price UBS paid for Credit Suisse was way too low,” said Arik Röschke, general secretary of the Swiss Investor Protection Association (SASV)...
...Smaller, standalone credit card companies such as Bread Financial look most vulnerable, suggests S&P Global. Subprime borrowers account for about 43 per cent of Bread’s balances last year....
...In a note titled “Hedge fund nirvana” Credit Suisse UBS quant Patrick Palfrey notes how heavily shorted stocks have started to do badly this year....
...Global demand for plastics, which makes up 50 per cent of petrochemical demand, is expected to nearly double by mid-century, according to S&P Global Commodity Insights....
...The investor group also includes private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017....
...Market participants say the tactics now being used by creditors in several recent distressed situations are a result of such a degradation of protections offered to investors in debt documents....
...Holders of the bond said they hope to get single-A credit returns with triple-A protection....
...This cover is provided in the first instance to the Dali by Britannia P&I Club....
...Agricole FY, Honda Q3, Kering FY, L’Oreal FY, Mediobanca HY, Nissan Q3, Philip Morris International Q4, Pinterest Q4, Publicis Groupe FY, Ralph Lauren Q3, Redrow HY, Société Générale FY, Siemens Q1, SoftBank...
...As such it seems reasonable that any takeover will need to be either credit-neutral or credit-positive to avoid adding the equivalent of $1.2bn of fresh debt....
...Like the S&P 500, I can tell you within five seconds of googling if the market’s up, down or sideways, right? Private credit’s not like that....
...“There’s quite a lot of data showing that advance fee fraud is going up,” said Jason Zirkle, training director at the Association of Certified Fraud Examiners....
...The International Emissions Trading Association, a trade body for carbon market developers and buyers, said countries should continue to strike deals for future carbon credit trades....
...(The quality measurement uses ratings from firms like Fitch, Moody’s and S&P, which surely could never go wrong.)...
...“PE compensation is predominantly derived from the P&L of the firm — which is based on the management fee of the fund, and this is locked in for the life of the fund,” said Tom Thackeray, a partner at Heidrick...
...Last month S&P upgraded Paraguay’s rating to BB+, one rung below investment grade, bringing it in line with Moody’s and Fitch....
...Simon Evans, head of the Consumer Redress Association, a trade body for claims management companies, said the FCA’s announcement was “good news” for consumers....
...The Manufacturers Association of Nigeria, a lobby group, has warned that while multinationals are struggling to weather the storm, smaller domestic businesses in the country are being forced to close up...
...However, Iain Corby, executive director at the Age Verification Providers Association, a trade body for suppliers of age-assurance technologies, said data protection laws prevent this....
...A survey on Thursday by the International Association of Credit Portfolio Managers, whose members include big banks and fund houses, showed that many participants “believe the euphoria seen in global financial...
...The lifeboat has about 30 per cent of its portfolio in riskier areas such as private equity, private credit and infrastructure....
...The review, amplified by consumer protection advocate Martin Lewis, has echoes of the payment protection insurance mis-selling scandal that was initially played down by banks but ultimately cost them more...
...As Bolgona puts it: From a high level, relative to electing to account for loans at amortised cost, electing the fair value option provides a P&L tailwind during periods of loan growth due to recognising...
...Allstate’s holding company just caught its second credit downgrade to BBB+, three tiers above junk, this time from S&P Ratings....
...Moreover, UBS wants to hang on to the politically sensitive Credit Suisse domestic bank. This has made pre-tax profits of about $1.7bn annually since 2020, according to S&P Global....
International Edition