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...Discover would have been more difficult to get through regulators than the tie-up Discover ultimately struck with Capital One last month, because JPMorgan is already the biggest US credit card lender by loans...
...Meanwhile, a political and public outcry has erupted over service quality and pollution. “Thames Water is a canary in a coal mine,” said one water company investor....
...Results at BofA, like its large competitors, were also dragged down by costs tied to last year’s regional banking crisis after the Federal Deposit Insurance Corp imposed another round of fees on the nation...
...And while demand for high quality properties remains high, the outlook for low quality buildings is grim....
...The writer is founder of Fox Legal Training Much ink has been spilled about the degrading quality of investor protections in high-yield bond and leveraged loan agreements, also known as “covenants”....
...While it has a credit card loan book of $137bn, it also has issued a significant volume of auto and commercial loans....
...“Asset quality in commercial remains in a very, very good place, outside of the office sector,” said BofA’s Borthwick....
...Hot wage growth contributed to keeping services inflation elevated at 6.1 per cent in February....
...Worries have persisted as banks disclose exposure to losses on commercial real estate loans as work from home leaves offices underused....
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome loans in favour of a cheaper alternative, according to data from Bank of America....
...These customers carry lower costs of capital than banks, making them a good home for many loans, Gray told the FT last May....
...Moody’s expects business services, healthcare and “high-tech industries” to have the most defaults this year....
...The advisory committee also recommended single-stock ETFs, which have exposure to only one security that is often leveraged or inverse, be renamed because they do not have the diversified qualities of other...
...Bloomberg looked at the huge range of valuations being put on loans in the private market....
...“Loan growth saw yet another weak quarter [from October to December] due to a common focus on quality given elevated household debt and challenged small and medium enterprises, amid a still sluggish and...
...So, if you are wondering whether the economy is improving or degrading, look at bank results, particularly credit quality....
...His next company, started in a local hotel room, sold computers and software, along with printing and photocopying services....
...Chang’s and business technology provider Computer Services Inc....
...PBs are one of the main links between traditional banks and shadow banks, offering services like custody, margin loans, derivatives, research and introduction to companies and investors....
...“This will cause pricing, terms and credit quality to erode, fuelling systemic risk.”...
...And they may as well be fed by the highest-quality, independent fact-based content. We have done a number of those deals, and we’re exploring the potential there.”...
...News round-up Re-merger of Boeing and Spirit AeroSystems pits quality control against value creation (Lex) Stephen Schwarzman given honorary British knighthood (FT) The JPMorgan banker tasked with reviving...
...Separately, it paid a $25mn penalty to the CFPB related to private student loan servicing practices. “Capital One is a healthy, well-managed, well-capitalised bank....
...IFR reports that Morgan Stanley is currently marketing its Morgan Stanley Direct Lending Fund at the moment — eyeing a pricing next Tuesday — while Nuveen Churchill Direct Lending Corp is likely too list...
...Some have suggested that finance could play the role of enforcer by approving long-term loans for retrofit work as part of a mortgage....
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