Hints and tips:
Related Special Reports
...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...
...Moody’s Investors Service advised staff in China to work from home ahead of its cut to the outlook for the country’s sovereign credit rating, a suggestion staff believed was prompted by concern over Beijing...
...Slow, steady and humdrum is having its day in the sun. sujeet.indap@ft.com...
...Pension funds are now taking a more cautious approach to private credit....
...better than rivals who stayed in the sector and suffered as dozens of Chinese developers including Country Garden defaulted on dollar bond payments last year amid plunging home sales and a loss of access to credit...
...The private equity giant allegedly set up a web of sham trusts — using a secretive affiliate called Financial Credit Investment — to hold a portfolio of stranger-originated life insurance policies worth...
..., just as Sun’s can be measured by his SEC charge sheet...
...that the departures would “create a range of issues” for Barings and attaching a term sheet offering to buy the credit business....
...“Everyone is losing sight of the fact that this market is too big for just private credit or banks.” Additional reporting by Sun Yu...
...(Credit Slips)...
...The Fortress deal will propel Mubadala, which is run by chief executive Khaldoon al-Mubarak, into the ranks of the world’s largest credit investors....
...The deal allowed Credit Suisse to cut its holdings of such assets from $75bn to $20bn. Apollo rebranded the business as Atlas....
...“Frequently, the weaknesses of new products, in this case private credit loans, may only be seen and exposed in bad markets, which private credit loans have not yet faced,” he warned in his annual shareholder...
...Liability management draws in Miami crowds The sun was shining, the ocean beckoning....
...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....
...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....
...Chelsea co-owner Todd Boehly’s Eldridge Industries is in advanced talks to buy European private credit firm Hayfin Capital Management....
...Four bankers said they were reluctant to participate in the programmes, which focus on industries with considerable credit risks....
...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....
...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....
...The merger would reduce the ranks of the top 10 US credit card companies, leaving fewer options for consumers....
...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....
International Edition