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...Other investment outfits inside Brookfield’s credit group include European credit manager LCM Partners, a stake in music royalty group Primary Wave, and a technology-focused lender called Pinegrove, in which...
...But it is department stores, rather than lenders, that may have most to lose as the credit cycle sours. The biggest of these — Macy’s, Nordstrom and Kohl’s — do not own their credit card portfolios....
...They can also charge different prices to consumers based on which credit card they use. Credit card holders accustomed to fancy perks are in for a rude awakening....
...and small banks as merchants gained the ability to steer customers to preferred credit cards....
...The move by Fitch, which maintained the country’s A plus credit rating, follows a similar outlook downgrade from rival Moody’s Ratings in December....
...Job moves Credit Suisse’s final chief executive Ulrich Körner is set to leave UBS in the coming weeks....
...But equity and credit investors failed to perceive this difference three years ago. For 15 months, Carvana has been steadily cutting back more than $1bn in annual overhead costs....
...And in recent years, the securitisation market has become a welcoming home to deals backed by everything from music rights to software companies’ private credit loans....
...By September 2023, Weightman began assembling a private credit team, said Corinthia....
...Tesla’s price per vehicle, excluding regulatory credits and leasing or finance income, was $38,924....
...Likewise, the technology can offer personalised financial advice to Credit Karma users and help generate marketing content for customers at MailChimp....
...The launch is also a fresh stimulus for the nascent carbon credit market. The Intercontinental Exchange, Nasdaq and other exchanges have all launched products for carbon credit trading....
...“As a concept, credit-backed gilt repo is really exactly the same as having credit-backed swaps,” said Simeon Willis, chief investment officer at consultancy XPS Pensions....
...Then came a private credit fund....
...Those close to the group give credit to Myhren, who reports directly to chief executive Tim Cook: Apple has topped Interbrand’s Best Global Brands every year since Myhren joined in 2016 and has won 105 Cannes...
...The lack of deals and an avalanche of money that has poured into credit markets is beginning to relieve headaches across the private equity world....
...And there are few hotter fads in finance today than private credit. What artificial intelligence is to tech, private credit is to Wall Street....
...Chief among them: the airline’s long-standing credit card deal with American Express....
...That trend holds more broadly, reports Bloomberg: Blackstone Inc. recently sought a $250 million loan at a rate of around 4.75 percentage points over the US benchmark to finance its planned purchase of...
...Several of the bank’s businesses — including credit cards and corporate transaction services — did better than expected in a quarter that many thought would be marred by the upheaval of the restructuring...
...Then, GLP-1 anti-obesity drugs hit the market, long-time spokesperson and board member Oprah Winfrey announced her departure, and the company’s credit rating was downgraded....
...Last week, it became the first to take advantage of a feature of the so-called “Section 45x” programme which allows it to sell the credit for immediate proceeds....
...Midway through May 2023, the group signed a $200mn four-year credit facility with a group of banks....
...Archegos — the family office run by former hedge fund manager Bill Hwang — but its investment banking business had to deal with the ripples from the banking crisis in the US last year and the collapse of Credit...
...Market makers and brokers need capital and credit to cover the gross sum of their risks so they need to borrow money and have something of quality as collateral....
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