Hints and tips:
Related Special Reports
...Finma has argued that without writing down the AT1s, nationalising Credit Suisse would have been the only alternative....
...To get the merger approved, Capital One is making a case that there is little overlap between the two banks’ credit card businesses....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Former Credit Suisse chief Tidjane Thiam has been embroiled in a bitter dispute with his Spac partner Edward Zeng after the Chinese entrepreneur’s firm sued Thiam’s company for allegedly refusing to pay...
...Speciality finance lending looks a promising new seam for private credit companies to mine....
...Rossi, who became chief executive in late 2022, highlighted the group’s investment performance across its funds and the contribution from the life insurance business as the reasons behind the company’s recent...
...Jeremy Hunt said he would increase the rate of tax credit for film production companies by 5 per cent and remove the 80 per cent cap for visual effects costs....
...Some insurance and pension companies have significantly expanded their investments in private credit and other illiquid investments....
...Private credit alpha Unhedged went through a period last summer during which we obsessed over what expected returns for private credit might be, and where those returns come from....
...Traditional private equity firms in the past five years have however raised mega private credit funds that can go head-to-head with the bank-originated syndicated loans extended to companies of in effect...
...Plug Power, a US hydrogen company, told Energy Source that the recently leaked hydrogen tax credit rules were “unworkable” and threatened to pause projects in New York and Texas if rules proved too stringent...
...Credit cards accounted for less than 5 per cent of total sales at the three companies in 2022....
...These should offer extra returns for holding complexity or illiquidity without adding credit risk....
...US plans for shutting down a global bank call for removing top management, wiping out the shareholders and imposing losses on creditors of its holding company....
...So I laid out private credit took market share in lending to companies in 2023....
...The catch is that companies — especially lower-rated ones borrowing in private credit markets — have less ability to cover interest payments as rates climb....
...Smaller, standalone credit card companies such as Bread Financial look most vulnerable, suggests S&P Global. Subprime borrowers account for about 43 per cent of Bread’s balances last year....
...At some point, the financial regulator will need to decide whether it wants the UK’s subprime consumer credit segment to survive the onslaught of professional claims companies — and if not, who should lend...
...and readily tap into follow-on financing . . . a de facto insurance policy in a downside scenario in that the sponsor / borrower can have a rational, constructive negotiation . . . without losing their company...
...Less than a year after UBS’s rescue of Credit Suisse, just a handful of Credit Suisse senior managers remain at the enlarged Swiss bank, including former chief executive Ulrich Körner....
...The bank is specifically focusing on private credit as one of its major engines of growth....
...Private credit is booming, nearing $2tn in assets globally. Most of that debt is being traded out of the public eye, a fact highlighted in the latest Global Financial Stability report from the IMF....
...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...
...According to Moneyfacts, a financial data company, as of February 2024, the average annual percentage interest rate (APR) was 34.7 per cent, compared with 26.2 per cent in December 2021....
...In 2016 it invested in credit investment firm Owl Rock Capital. Now known as Blue Owl Capital, it is among the most prominent lenders in credit markets....
International Edition