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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....
...Likewise, the technology can offer personalised financial advice to Credit Karma users and help generate marketing content for customers at MailChimp....
...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....
...By September 2023, Weightman began assembling a private credit team, said Corinthia....
...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....
...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....
...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....
...It expects gross margin excluding regulatory credits could hit just 14.6 per cent, which would be a 2.6 percentage point deterioration from the previous quarter....
...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...
...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....
...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...
...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....
...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....
...WW has attractive, long-term debt agreements with no maturities due before 2028, $109mn of cash as of the end of 2023, and an undrawn $61mn revolving credit facility....
...rule that could cap the amount of late fees credit cards can charge consumers....
...“A very strong labour market means, all else equal, strong consumer credit,” Barnum said....
...🔥 🔥 🔥 While we can understand credit managers finding themselves making the best of a bad situation in a distressed exchange refinancing, buying these things off-the-shelf is not for the faint-hearted...
...A new owner solves the problem of the junk credit rating instantly and, Kelly believes, the mark-to-market losses on the loan portfolio are unlikely to be so large as to make a sale impossible....
...Interchange fees are levied by Visa and Mastercard on behalf of lenders for debit or credit card payments carried out through their network....
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