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...To get the merger approved, Capital One is making a case that there is little overlap between the two banks’ credit card businesses....
...Within weeks, a US regional banking crisis spurred a panic that ultimately contributed to Credit Suisse’s weekend takeover by UBS....
...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...In 2021, he hired three former Goldman partners — Paul Russo, Scott Rofey and Jeffrey Verschleiser — to lead the risk management of the firm’s equity, macro and rates, and credit divisions respectively....
...Last year, it acquired a footprint in credit investments by purchasing Iron Park....
...that the departures would “create a range of issues” for Barings and attaching a term sheet offering to buy the credit business....
...The deal allowed Credit Suisse to cut its holdings of such assets from $75bn to $20bn. Apollo rebranded the business as Atlas....
...The issue has become a hot topic in recent years, prompted in part by the 24/7 operation of cryptocurrency trading and the rise in retail investor activity first spurred by coronavirus pandemic lockdowns...
...The 1973-74 inflation and interest rate shock created more profound disintermediation from banks than the rise of private credit today, as investment grade companies switched to borrowing from the market...
...UBS put the business up for sale after taking control of Credit Suisse when it collapsed last year. It already has a securities unit in mainland China and cannot hold two licences....
...Fortnox’s unstoppable rise runs into short sellers Accounting software group Fortnox is the Swedish stock market sensation you have never heard of....
...Friday interview: Armen Panossian Credit markets are booming. Investor demand for public corporate credit seems insatiable and private credit is the asset class of the moment....
...UBS put the unit, which includes investment banking and brokerage services, up for sale after taking control of Credit Suisse when it collapsed last year....
...But for those in Miami for JPMorgan Chase’s annual credit conference this week, nothing was more enticing than a panel discussion on liability management exercises....
...“Everyone is losing sight of the fact that this market is too big for just private credit or banks.” Additional reporting by Sun Yu...
...The merger would reduce the ranks of the top 10 US credit card companies, leaving fewer options for consumers....
...obliviousness offered by private BDCs and other nontraded private credit vehicles....
...Capital One and Discover are two of the biggest credit card lenders, behind JPMorgan Chase and Citigroup....
...Edward Finley of Arrow Wealth Advisory LLC pointed out that from a certain point of view, the question “does private credit, as an asset class, generate excess return” is a sort of category mistake: An...
...A growing number of small companies have blamed naked shorting for share price falls, even though data does not suggest an overall rise in bets on falling stock prices....
...Still, buyers’ remorse often sets in when the credit card bill arrives....
...The industry’s rise comes during a period of tense US-China relations and a rise in trade barriers, including sweeping controls of American technology sales to China....
...The bank booked a $1.3bn provision for credit losses in the quarter, up from just under $1bn in the same period the prior year....
...Some analysts have noted Opec+ countries will ease their production restrictions if prices rise above $100 a barrel, in order to avoid further erosion of their market share....
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