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...Within weeks, a US regional banking crisis spurred a panic that ultimately contributed to Credit Suisse’s weekend takeover by UBS....
...In 2021, he hired three former Goldman partners — Paul Russo, Scott Rofey and Jeffrey Verschleiser — to lead the risk management of the firm’s equity, macro and rates, and credit divisions respectively....
...Last year, it acquired a footprint in credit investments by purchasing Iron Park....
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...In today’s newsletter: Tiger Global goes on the offensive Financiers pay homage to a Rothschild Dimon and debt at a packed Miami conference Tiger Global reflects on a ‘solid recovery year’ Chase Coleman...
...business Corinthia Global Management....
...Mubadala holds a minority equity interest in US technology private equity group Silver Lake and has created large lending and investment partnerships with Apollo Global....
...The deal allowed Credit Suisse to cut its holdings of such assets from $75bn to $20bn. Apollo rebranded the business as Atlas....
...“Frequently, the weaknesses of new products, in this case private credit loans, may only be seen and exposed in bad markets, which private credit loans have not yet faced,” he warned in his annual shareholder...
...Apparently, Apollo Global Management has other priorities....
...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...
...Private equity firms that buy out companies are taking advantage of a recovery in global corporate bond and loan markets, after the Federal Reserve signalled that inflation had been sufficiently tamed for...
...After a surge in global interest rates, the growth of loans and other risk-adjusted assets on their balance sheets has slowed, though revenues have proved more resilient....
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...In our high-yield business, we generally have experienced about a third of the market’s defaults, and we have outperformed the market in terms of recoveries given default. So credit selection matters....
...At 75 per cent, the recovery rates within the GEMs data set surpass those reported for Moody’s Global Loans at 70 per cent, Moody’s Global Bonds at 59 per cent, and JPMorgan Emerging Market Bonds at 38 per...
...The push by Citadel Securities to expand its China footprint comes as global investors increasingly shun the country’s underperforming stock market....
...Europe relies more heavily on bank lending than the US and many other countries, making growth and inflation in the 20-country single currency bloc particularly sensitive to changes in credit supply....
...His view was there are no signs of a global economic recovery and telecom operators are becoming more cautious in their spending....
...After more than a decade, last year credit rating agencies returned Greece’s bonds to “investment-grade”, following improvements in its fiscal management....
...Rising public equity market valuations and demand from credit funds to make new loans are fuelling a recovery in activity....
...The economic sentiments from last week’s IMF and World Bank meetings were sanguine, at least compared to warnings of a ponderous recovery at the last meetings in October....
...“An excessive focus on short-term wage developments may not take into full consideration the recovery in wages that can — and needs to — take place for the euro area’s currently fragile recovery to gain...
...Beijing has undertaken a series of piecemeal stimulus measures, including loosening critical lending rates and stepping up access to credit in strategic sectors, in particular in the property sector, which...
...America has had the strongest post-pandemic economic recovery of all G7 nations....
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