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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....
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...that the departures would “create a range of issues” for Barings and attaching a term sheet offering to buy the credit business....
...Money market mutual funds, introduced in the US in 1971, facilitated disintermediation by letting savers invest in a diverse range of instruments....
...Co-op Bank, which has 2.5mn customers and serves more than 90,000 businesses, is backed by US-based investors including Bain Capital Credit and JC Flowers....
...By September 2023, Weightman began assembling a private credit team, said Corinthia....
...Inside the daring raid on Barings that has shaken the $1.7tn private credit market....
...Asset managers also say the mutual fund structure works better than ETFs for giving smaller investors access to alternatives, such as private equity and private credit, which have been growing in popularity...
...I am reading in the FT that Martin Gruenberg, chair of the US financial regulator, the Federal Deposit Insurance Corporation, has criticised the rescue of Credit Suisse (“Credit Suisse rescue deal was unhelpful...
...the chair of the Federal Deposit Insurance Corporation has warned....
...The UK’s third largest building society by assets has submitted a bid for Co-op Bank, in a deal that would return the private equity-owned lender to mutual ownership, according to people familiar with the...
...The company also receives a US R&D tax credit. Across the US, the effective tax rate paid by large profitable companies is far lower than the statutory rate....
...One may doubt the diplomatic wisdom of the decision of the chair of the US Federal Deposit Insurance Corporation to criticise the Swiss government’s handling of the Credit Suisse failure (Report, April 11...
...KKR was also holding talks with large corporations and other private equity buyers about potential asset sales, they said....
...Active assets remain about 70 per cent of the market when alternative investments such as private equity and private credit are taken into account, said Matt Apkarian, associate director of product development...
...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....
...A hard-to-replicate combination of decades of legal precedent and an established legal community make the state attractive to corporations....
...But relationships, he makes clear, would be bilateral and based on “mutual interest” rather than multilateral....
...Some jurisdictions will be able to compensate companies paying higher tax rates by providing new subsidies and credits. But the minimum tax regime is cleverly designed....
...When I chaired the FDIC during the financial crisis, we sold the failed the mortgage lender Washington Mutual to JPMorgan. It was our only bidder and was prepared to take over WaMu immediately....
...The consortium pools credit risk data and publishes it as a resource for public use....
...Sraer suggests that the scheme has another benefit: it turns employees into corporation tax enforcement officers....
...These vehicles are called business development corporations, or BDCs....
...They also expect the corporations with which they interact as shareholders, consumers and employees to be equally proactive....
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