Hints and tips:
Related Special Reports
...Advisers at the UK’s biggest wealth manager St James’s Place owe £920mn in business loans through a scheme facilitated by the company that allows them to buy clients from other advisers....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...They worked quicker and work was of a higher quality....
...Widespread difficulties among SJP advisers in paying back their loans could put pressure on the company’s business model, which relies on these “business sale and purchase scheme” loans to retain clients...
...A lack of competition in Britain’s audit market and a regulatory drive for better quality have pushed up fees for London-listed companies by 75 per cent over the past five years, according to a new report...
...Legal services AI that can automate data collection and analysis is also much in demand — and legal services providers have been early adopters....
...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”....
...In the first quarter, 28 companies arranged bank loans to refinance $11.8bn of debt that was previously provided by private credit firms, according to PitchBook data....
...Instead, they said consumer spending remained strong, and much of the drop in lending came from large companies, which have used their excess cash, or better markets, to pay down debt....
...quality control process....
...Deutsche is bracing for Postbank-related loan losses of €40mn and warned that some of the hit “may be permanent” as the impaired loans may not be recovered....
...By “volatility shield”, of course, they mean “infrequent updates of often-subjective loan marks”....
...MainFT has previously reported the company’s history of run-ins with regulators....
...But companies, it said, did not report rising quality of their audits along with the fees....
...The period of cheap money also fuelled a borrowing frenzy, with buyout firms loading businesses up with low-quality debt....
...The CQC said: “We hold private and publicly funded services to account in the same way....
...Chang’s and business technology provider Computer Services Inc....
...Lloyds, which is seen as a bellwether for the UK economy, indicated that overall credit quality was “stable” and in line with pre-pandemic levels....
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...The head of Indian IT company Tata Consultancy Services has said artificial intelligence will result in “minimal” need for call centres in as soon as a year, with AI’s rapid advances set to upend a vast...
...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....
...But here’s the catch: Interest rates have climbed quite a lot in the past couple of years, and it’s not just one company that’s feeling stress in the leveraged loan market....
...Its founder, Hui Ka Yan, was placed under “mandatory measures” on suspicion of involvement in unspecified crimes, according to a company statement in September....
...In 2015, the US Consumer Financial Protection Bureau ordered two of Hankey’s companies, Westlake Services and Wilshire Consumer Credit, to collectively pay nearly $50mn in restitution and fines....
...The hard questions from public market investors will be about earnings quality....
International Edition