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...out when Credit Suisse collapsed last year....
...however, has claimed releasing the files would undermine confidence in it and strengthen potential legal claims against the Swiss state, according to a letter the regulator wrote last month to the Swiss Federal...
...JPMorgan’s emphasis below: How big really is the private credit asset class? Naturally the answer to this question depends upon your definition of what constitutes ‘private credit’....
...Put another way, banks have been able to claw back just over half of the $20bn that shifted in favour of private credit firms in 2023. So, have we reached peak private credit?...
...CREDIT: UAW Read a transcript of this episode on FT.com...
...the chair of the Federal Deposit Insurance Corporation has warned....
...Divecha, head of market development for climate credit risk at S&P, told me yesterday....
...The crowded corporate credit trade, part 2 Last week I looked at the boom in corporate credit and the accompanying tight credit spreads in high-yield and investment-grade bonds....
...The move came after the US Federal Reserve cut borrowing costs to near-zero during the early stages of the coronavirus pandemic, which Samorajski said made it difficult for the scheme to hit its 7 per cent...
...UAW’s landslide victory in Chattanooga raises its hopes that it can repeat its success at Mercedes-Benz in Alabama, where federal labour officials have scheduled a union election next month....
...More US credit card accounts were past due on their payments to the largest banks at the end of 2023 than at any time since 2012, according to data from the Federal Reserve Bank of Philadelphia....
...Even still, the appeal of fishing for good credits is clear. Here’s Walsh: The primary factor supporting the credit opportunity narrative is the current allure of all-in credit yields....
...“It’s every single federal agency that uses administrative law judges.”...
...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....
...The market reaction came after the Federal Open Market Committee voted unanimously to leave rates unchanged at a 23-year high of 5.25 per cent to 5.5 per cent....
...US Federal Reserve chair Jay Powell has said it is likely to take “longer than expected” for inflation to return to the central bank’s 2 per cent target and justify cuts to interest rates....
...Private credit’s “golden age” might’ve not lasted very long*....
...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....
...More and more market participants and pundits are betting that stalling disinflation might stop the Federal Reserve from cutting rates at all in 2024....
...Private credit did not. And, you know, public credit markets just totally froze up....
...The FT notes all of the slow-burning lawsuits related to Credit Suisse (“Finma seeks to prevent release of Credit Suisse AT1 debt files”, Report, April 5)....
...The DoJ also advises federal banking agencies on what impact deals will have on competition....
...The federal government would “pay for the entire cost” of reconstructing the bridge, the president said in a news conference on Tuesday, and was preparing to send the state of Maryland “all the federal resources...
...Nearly 10 per cent of this balance was in serious delinquency (defined as 90 days or more late), according to the Federal Reserve Bank of New York....
...Jay Powell said the Federal Reserve’s job of bringing down inflation was “not yet done” and the US central bank needed “greater confidence” that price pressures were easing before cutting interest rates,...
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