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...The top US consumer finance watchdog has raised doubts about megamergers in the credit card industry, just as Capital One attempts to close its $35.3bn takeover of card issuer Discover Financial Services...
...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...
...The pair had partnered in a multibillion-dollar unsolicited takeover attempt of annuity specialist American Equity Investment Life, which the latter fended off....
...Merchants are currently able to charge an extra fee for consumers who use American Express cards, but Visa and Mastercard have blocked sellers from doing so for their users....
...Another 50 cents is collected by the merchant acquirer, or companies such as Block or Stripe that provide the shop’s point-of-sale service system....
...Firstly, approximately 30% of the Global and North American totals are made up of ‘dry powder’, i.e. undrawn capital commitments....
...Many banks, she reckons “are unable to uniquely identify and systematically aggregate or measure their combined credit and counterparty risk exposures to the private equity sector”....
...About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
...Capital One Financial, which is buying rival Discover Financial Services, is up 50 per cent. Americans held more than $1.1tn on their credit cards at the end of 2023, an all-time high....
...Americans have gorged on billions of dollars of credit card debt over the past three years....
...We hope our fellow American eclipse-watchers emerged with spirits high and without fried corneas....
...Barings, a subsidiary of US life insurer MassMutual, filed on Monday for a temporary restraining order and preliminary injunction against Corinthia Global Management in a North Carolina court....
...Capital for the loans would come from overseas credit funds and local banks, Arora said....
...Investors will be interested in its artificial intelligence services and the new technology’s effect on its cloud segment Azure....
...It was unbelievable,” said Alisha Alaimo, Biogen’s North America head....
...Many passengers only fly once a year and thus may not understand how services once included in a traditional airfare now cost extra, or how to navigate an airline’s website to find more pricing information...
...power, access, capability, control in the hands of TikTok’s parent in [the] Chinese government, and ultimately in the Chinese intelligence service,” Wray told NBC television on Tuesday....
...Internet service providers would be compelled to block access to TikTok on the web....
...The ascendance of private credit into mainstream finance has reached its logical endpoint: a courthouse in Mecklenburg County, North Carolina....
...Fink said at the time that the debate references were “a sad commentary on the state of American politics”....
...In its North Carolina lawsuit, Barings has accused Weightman of trying to buy its private credit operation “for pennies on the dollar”, citing an email he sent to MassMutual’s chair Roger Crandall warning...
...Some firms were adapting fund settlement cycles to T+1 at the umbrella level, while others were making decisions at the sub-fund level based on their level of North American holdings, he added....
...The deal includes an additional interest-only security tied to nation’s credit score or an IMF deal....
...The biggest US banks believe American consumers have weathered the Federal Reserve’s cycle of interest rate rises in good shape, but a new poll shows Joe Biden is getting no credit ahead of November’s election...
...Full-service banks such as JPMorgan are built for scale — ie getting as many deals through the door as possible — so there’s only so much impact any one individual can make. That’s intentional....
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