Hints and tips:
Related Special Reports
...Under the EU’s proposal, the export credit agencies could only back fossil fuel projects if the OECD individual member countries each determined that the projects were aligned with the need to keep warming...
...Divecha, head of market development for climate credit risk at S&P, told me yesterday....
...Yet the London-listed company is well placed to deliver growth. Experian is the world’s largest credit bureau, with the heft to expand into adjacent markets....
...In all, banks’ share of private lending in the US economy has fallen from 60 per cent in 1970 to 35 per cent last year, according to a new National Bureau of Economic Research paper....
...The Consumer Financial Protection Bureau is set to finalise a rule aimed at cutting credit card late fees, the latest move by the Biden administration to tackle anti-competitive behaviour across the US economy...
...The FT’s deputy Washington bureau chief, Lauren Fedor, and US political editor Derek Brower join to discuss....
...Our friends at the Unhedged podcast discussed the GFSR’s private credit chapter last week....
...These revenues grew to more than $14bn in 2022 of the $130bn issuers charged consumers in interest and fees, according to the Consumer Financial Protection Bureau....
...And if he won in November and we saw an expansion of MLB baseball across the world, he’d be taking credit for it and saying it was all his idea....
...However, the share prices of the credit card companies tell you that not all card companies will be affected equally. Read more here....
...The bureau also said that smaller credit card issuers offered cheaper interest rates compared to larger rivals, including Capital One....
...Private credit is booming, nearing $2tn in assets globally. Most of that debt is being traded out of the public eye, a fact highlighted in the latest Global Financial Stability report from the IMF....
...The landslide victory by Muizzu’s People’s National Congress in the tourism-dependent archipelago nation, south-west of India, has brought into focus the ongoing India-China rivalry in the region....
...The recent strength of the BSL market has reduced some of the advantage that private credit previously held over public markets....
...The FT’s global business columnist, Rana Foroohar, and Washington bureau chief, James Politi, join to explain why....
...But clearly, the challenges faced by global companies entering Japan may be compounded by such invisible barriers. Takashi ShiraiKanto Bureau of Economy, Trade and Industry (Meti), Tokyo, Japan...
...So far, the strategy has mostly paid off, but will this risky gamble work in 2024? The FT’s deputy Washington bureau chief, Lauren Fedor, and US managing editor, Peter Spiegel, join to discuss....
...that the departures would “create a range of issues” for Barings and attaching a term sheet offering to buy the credit business....
...The bureau will not initially propose a specific figure for the cap, which it said could be anywhere from $3 to $14, but rather will seek industry and consumer feedback for what the upper limit on overdraft...
...Even still, the appeal of fishing for good credits is clear. Here’s Walsh: The primary factor supporting the credit opportunity narrative is the current allure of all-in credit yields....
...Now the problem is customer complaints about its subprime credit card business, via the Financial Ombudsman Service....
...The crowded corporate credit trade, part 2 Last week I looked at the boom in corporate credit and the accompanying tight credit spreads in high-yield and investment-grade bonds....
...Over the past decade, capital has steadily flowed into private credit, with a marked pick-up after the pandemic began....
...It is not just rising base rates that are to blame: credit card companies have increased the margin they add on to a record high, the Consumer Financial Protection Bureau found last month....
...One important difference between private credit and the public high-yield bond universe is that the latter pays fixed coupons, while the former is floating rate debt, with the interest payments ebbing and...
International Edition