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...The Spac was helmed by Adam Gishen, Thiam’s top lieutenant at Credit Suisse, who served as chief executive....
...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...
...The credit rating agency confirmed it has selected a new space near St Paul’s Cathedral, subject to completing the deal for the new premises....
...The grand Zurich hotel — which dates back to 1838 and sits proudly on Paradeplatz — came into UBS’s possession when it took over Credit Suisse....
...“Everyone is losing sight of the fact that this market is too big for just private credit or banks.” Additional reporting by Sun Yu...
...The merger would reduce the ranks of the top 10 US credit card companies, leaving fewer options for consumers....
...Since the collapse of several large US regional lenders last March, Blackstone has been buying assets from banks and managing them on behalf of its credit and insurance clients....
...Capital One and Discover are two of the biggest credit card lenders, behind JPMorgan Chase and Citigroup....
...Instead, the 62-year-old Weightman is, in his own words, seeking to “redefine the private credit landscape”....
...Israeli leaders have hit back at a credit rating downgrade from Moody’s, the first in the country’s history according to a finance ministry official, with Prime Minister Benjamin Netanyahu arguing it was...
...Still, buyers’ remorse often sets in when the credit card bill arrives....
...It downgraded China’s credit rating from Aa3 to A1 in 2017, citing concerns that efforts to support growth would spur rising debt in the economy....
...“A very strong labour market means, all else equal, strong consumer credit,” Barnum said....
Takeover set to unite two of the US’s largest credit card companies and reshape industry
...Now that there are these other sources of credit, from non-bank lenders to private credit, is the fact that banks are losing market share to other credit providers bad news for the American economy?...
...— Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...The statement followed a downgrade from rating agency Moody’s on Tuesday, which cut the bank’s overall credit rating to junk....
...It said it expected the company’s “credit metrics, financial flexibility and liquidity buffer” to weaken over the next 12 to 18 months....
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...Job moves The former head of Credit Suisse’s wealth management business, Francesco de Ferrari, has become the latest executive of the fallen bank to leave UBS....
...It had said it expected to further benefit from US Treasury tax credits that would allow it to write off up to 25 per cent of that investment....
...It also promoted Tom Lazaridis to lead a new private credit team within its relationship management arm....
...Delinquencies in credit card and commercial real estate loans were on the rise, the FDIC said, and were now at the highest level in almost a decade....
...Manulife is buying CQS, the UK credit investor founded by Lord Michael Hintze, as the Canadian insurer and money manager seeks to bulk up in the fast-growing area of private credit....
...And sector-wide, Barclays says regional-bank credit spreads are pretty tight relative to the SPDR S&P Regional Banking ETF....
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