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...I would say sometime between the GFC and 2018-2019 we were surprised about how resilient the market was. We were conservative relative to most of our peers....
...There are plenty of post-GFC examples of banks acting cautiously long before they run into any existential risks....
...to lend to corporates, particularly those perhaps that are highly leveraged, would have significant implications for the real economy — a credit crunch sourced in market based finance rather than bank lending...
...Corinthia was publicly launched by Weightman only seven months ago to take advantage of the booming private credit market, which has grown to $1.7tn as many banks retreated from business lending after the...
...IFR reports that Morgan Stanley is currently marketing its Morgan Stanley Direct Lending Fund at the moment — eyeing a pricing next Tuesday — while Nuveen Churchill Direct Lending Corp is likely too list...
...Mashinsky said there was a “lack of institutional lending available to cryptocurrency companies” at the time....
...The central bank’s “pledged supplementary lending” programme, a quasi-fiscal facility for cut-price loans used in past stimulus pushes, increased the pace of lending 12 per cent in December....
...But the direct lending funds they manage may begin to post lower returns, investors said....
...Blackstone Mortgage Trust said in an emailed statement: “This report is highly misleading and represents a fundamental misunderstanding of our senior secured lending business.”...
...No need to invoke the spirits of the 2008 GFC either....
...Edward Finley of Arrow Wealth Advisory LLC pointed out that from a certain point of view, the question “does private credit, as an asset class, generate excess return” is a sort of category mistake: An...
...They’re talking about a very small sliver of a private credit universe that’s focused on levered lending. Don’t get me wrong, we like the levered lending business....
...Although the rebound cannot offset the costs of the post-2016 investment shortfall, capital spending is now back on its pre-GFC trend....
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...Smart reads Debt demolition Commercial real estate lending has fallen to dangerously low levels, threatening a rise in defaults on expiring debt and a near freeze in new construction, The Wall Street Journal...
...The regulator also said the settlement made it clear that “crypto lending platforms and other intermediaries need to comply with our time-tested securities laws”....
...Apollo’s lending business originated $23bn in loans in the latest quarter to finance companies such as semiconductor group Wolfspeed, AT&T and Air France....
...Executives in the NAV lending industry said that most new loans were still being used to fund distributions to the investors in funds....
...We note that the S&P 500 has been in a clear trend up channel since the GFC....
...The move will combine the world’s first Bitcoin and crypto securities business with the first crypto lending platform....
...Government curbs on lending intended to limit risks to the economy and an anti-corruption crackdown have hit property and construction in particular, sending international bonds issued by the country’s other...
...But the good news for house-hugging Brits is that a crash rivalling the GFC’s 20 per cent decline is unlikely. The Lex team is interested in hearing more from readers....
...The hottest deal of the summer: loan portfolios Back in April, Blackstone president Jonathan Gray heralded a “golden moment” for private credit as US regional banks pulled back on lending....
...That’s the whole point of the post-GFC regulations! Further reading:— What is a primary dealer?...
...It signals that large banks, which have collectively nursed billions of dollars in losses on “hung debts” such as Twitter, Citrix and Nielsen, are lending again....
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