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...Credit Suisse sold the majority of its securitised products unit to Apollo in November 2022, just a few months before the Swiss bank was rescued by its rival UBS in March 2023....
...According to a CFPB report published last year, more than 80 per cent of the credit card market is controlled by 10 of its approximately 4,000 issuers....
...of Discover’s Pulse electronic payments network....
...Son soon decided to rebuild Friedman’s mansion, landing his SV Projects LLC at the centre of controversy in the little town of Woodside....
...The reshuffle comes ahead of Google’s first-quarter earnings on 25 April and its annual I/O developer conference on 14 and 15 May at its headquarters in Mountain View, California....
...It has been forced to pause new investments in some of its funds because of clauses related to the departure of key executives, while its US-listed private credit vehicle was last week deemed by Fitch Ratings...
...including California and Wyoming....
...But over the past few years, a steady stream of cutting-edge galleries have opened in its distinctive low-rise 1920s buildings — and with more to come....
...California-based Silver Lake has focused on larger takeovers in recent years, with co-chief executive Egon Durban telling the Financial Times last year that the group was focused on “all-in bets”....
...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....
...When suspending Cruise’s driverless permit, the California Department of Motor Vehicles said the company had misrepresented the details of the accident by failing to disclose in meetings the day after it...
...At least one of them, and maybe two, applies to private credit, too: The fast growth of the private equity industry has led to greater competition for assets, and therefore higher purchase valuations....
...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...
...Ding was arrested on Wednesday in Newark, California, and charged with four counts of theft of trade secrets....
...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...
...We are forced to add upwards of 30 per cent tips to every encounter with those hideous credit card readers thrust at us, or face the accusing stare from the clerk....
...It cites examples of Kassan using the fund to pay for an apartment for his personal driver, and allowing his wife to have a company credit card “so she could shop for extravagant luxury goods”....
...California regulators have barred Cruise’s autonomous vehicles from the state’s roads and accused the company of misrepresenting details about an accident, dealing a sharp setback for the General Motors-owned...
...from receiving credit....
...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....
...There is better news for several of the southwestern cities, with our data showing a rise in populations in both Phoenix and Las Vegas....
...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....
...Speaking at an event at Stanford University, he claimed credit for recognising years ago how significant AI would be for all of Google’s products....
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