Hints and tips:
Related Special Reports
...Other investment outfits inside Brookfield’s credit group include European credit manager LCM Partners, a stake in music royalty group Primary Wave, and a technology-focused lender called Pinegrove, in which...
...Europe’s approach to managing its lenders stood in stark contrast to watchdogs in the US, which had encouraged their lenders to expand internationally, Ermotti argued....
...offer credit to customers who cannot access it elsewhere....
...credit reports....
...“Many banks are unable to uniquely identify and systematically aggregate or measure their combined credit and counterparty risk exposures to the private equity sector,” she said in a letter sent to lenders...
...The amount US financial institutions have loaned to shadow banks such as fintechs and private credit groups has passed $1tn, as regulators warn that growing ties between traditional and alternative lenders...
...the chair of the Federal Deposit Insurance Corporation has warned....
...Oh, and private-credit lenders have been offering those types of deals more to borrowers....
...In 2023, these non-bank lenders funded a whopping 86 per cent of leveraged loans, up from 61 per cent in 2019, according to PitchBook LCD....
...Bank of England deputy governor Sarah Breeden has called for more research into non-bank lenders to stave off a “credit crunch sourced in market-based finance”....
...Crédit Agricole is one of the biggest French lenders to Atos in a group of banks that includes BNP Paribas, Natixis, Credit Mutuel CIC and Société Générale....
...Credit card interest and fees increased by $51bn in that time to $157bn, according to data provided by US banks to the Federal Deposit Insurance Corporation....
...KKR was also holding talks with large corporations and other private equity buyers about potential asset sales, they said....
...Swiss banking rules have come into sharp focus since the collapse of Credit Suisse last March and its rescue by UBS....
...Some lenders to Thames Water would lose up to 40 per cent of their money under government contingency plans to nationalise Britain’s biggest water company dubbed “Project Timber”....
...This would mean getting the issue in front of regulators with a proposal to amend the credit rating agencies regulations to make the comprehensive consideration of covenant quality mandatory....
...The lender intends to repurchase $1bn of shares in 2024, but that would only begin after it completes the merger of the Credit Suisse and UBS parent companies, which is expected to take place in the second...
...Delinquencies in credit card and commercial real estate loans were on the rise, the FDIC said, and were now at the highest level in almost a decade....
...Co-op Bank, which has 2.5mn customers, is backed by US-based investors including Bain Capital Credit and JC Flowers....
...Now, maybe the problems aren’t really there, and maybe because private credit tends to be done on bespoke terms and that there tends to be a better, closer relationship between borrowers and lenders, that...
...UK nonprime borrowing accounted for about 4 per cent of the consumer credit market in 2013....
...“A very strong labour market means, all else equal, strong consumer credit,” Barnum said....
...UBS has made Sergio Ermotti Europe’s best-paid bank boss less than a year after he returned to the lender, saying the Swiss executive had successfully steered the integration of rival Credit Suisse....
...Now known as Blue Owl Capital, it is among the most prominent lenders in credit markets, with a market value of about $25bn....
...Treasury insiders said the biggest lender Klarna and several other companies warned they would quit Britain if regulation was “heavy-handed”....
International Edition