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...offer credit to customers who cannot access it elsewhere....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...To get the merger approved, Capital One is making a case that there is little overlap between the two banks’ credit card businesses....
...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...
...A deal would mark a comeback for Horta-Osório, the former Lloyds Banking Group chief executive, who left Credit Suisse last year after losing the board’s support following breaches of coronavirus quarantine...
...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....
...Javid previously worked as head of credit and commodities trading in Asia for Deutsche Bank and more recently as an adviser to JPMorgan in London....
...Privately held Vitol, which employs about 1,800 people, made a record $15.1bn in net profit in 2022 and about $13bn in 2023, making it one of the most profitable companies in the world on a per capita basis...
...Lloyds, which is seen as a bellwether for the UK economy, indicated that overall credit quality was “stable” and in line with pre-pandemic levels....
...The rating agency recently upgraded its credit rating on an improved underwriting performance and a stronger balance sheet. Lloyd’s has also made progress in reviving face-to-face trading....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...Sebastian Barrack, the firm’s head of commodities, told the FT’s Commodities Summit in Lausanne on Monday that the cartel has “definitely regained control” of the oil market....
...Despite the unexpected £450mn provision for future costs linked to the FCA probe, the bank recorded an impairment credit of £541mn in the fourth quarter, thanks in part to a windfall of about £700mn from...
...he added, at the FT’s Commodities Summit in Lausanne....
...The deal allowed Credit Suisse to cut its holdings of such assets from $75bn to $20bn. Apollo rebranded the business as Atlas....
...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...
...Barry Callebaut has refinanced its debts and expanded revolving credit facilities in case further resources are needed....
...The family lost control of the group after failing to repay bad debts of close to £1.2bn last year to Lloyds Banking Group....
...Argus subsequently grew by acquiring other companies and counts Platts, part of credit rating company S&P, among its competitors....
...China’s Ant Group is bidding against Citadel Securities for Credit Suisse’s Chinese securities unit, a move that will test Beijing’s appetite for letting the Jack Ma-founded company expand again after a...
...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....
...Friday interview: Armen Panossian Credit markets are booming. Investor demand for public corporate credit seems insatiable and private credit is the asset class of the moment....
...Private credit funds stepped into the gap, writing multibillion-dollar loans to companies including Norwegian online classifieds company Adevinta and software maker New Relic, and providing money at a time...
...Still, buyers’ remorse often sets in when the credit card bill arrives....
...On Monday the Barclay family paid Lloyds more than £1.1bn to clear their decades-long debts with the bank....
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