Credit

Asian Dollar Credit Experiences Significant Declines Amid Tariff Disputes

2 days ago

In a surprising turn of events, Asian dollar credit has encountered its most severe losses in five years, driven largely by rising tariff tensions and broader global economic uncertainties. Analysts observed a sharp downturn in the value of dollar-denominated bonds across Asia as investors reacted to increasing trade barriers and the potential for further economic fallout.

FTX to Begin Paying Main Creditors Amid Ongoing Bankruptcy Proceedings

17 days ago

In a significant move for stakeholders of the beleaguered cryptocurrency exchange FTX, the company has announced plans to commence payments to its primary creditors in May. This development comes as part of FTX's efforts to navigate its complex bankruptcy proceedings following a tumultuous collapse that sent shockwaves through the crypto industry.

BC Partners Aims to Raise $1.4 Billion for New Private Credit Fund

18 days ago

In a significant move within the private equity landscape, BC Partners, a leading global investment firm, is reportedly set to raise $1.4 billion for its new private credit fund. This ambitious fundraising plan signals the firm’s commitment to expanding its footprint in the private credit market, which has seen immense growth in recent years.

S&P Downgrades Vista-Backed Solera's Credit Rating Deep into Junk Territory

29 days ago

In a significant development for the financial health of Solera Holdings Inc., S&P Global Ratings has announced a further downgrade of the company's credit rating, pushing it deeper into junk territory. This revision reflects growing concerns about Solera's ability to meet its financial obligations amid rising pressures from its business operations.

Brex Aims for $500 Million in Revenue by 2025 Amid IPO Speculations

2 months ago

Brex, the rapidly growing fintech company that specializes in corporate credit cards and expense management solutions, is setting ambitious financial targets for the next couple of years. The firm is projecting to achieve $500 million in revenue by the end of 2025. This forecast emerges as Brex contemplates the possibility of going public, which indicates strong growth momentum and could attract significant investor interest.

FTX Estate Initiates Cash Repayments to Creditors Amid Bankruptcy Proceedings

2 months ago

In a significant move for the beleaguered cryptocurrency exchange FTX, the estate managing its bankruptcy has commenced the process of repaying creditors in cash. This development marks a crucial step for those affected by the collapse of the exchange, which has been embroiled in legal and financial turmoil since its downfall.

Nissan's Credit Default Swaps Surpass Rakuten and SoftBank in Japan

2 months ago

Nissan Motor Co. has recently seen a significant rise in its credit default swaps (CDS), reaching the highest levels among corporations in Japan, even surpassing industry giants such as Rakuten and SoftBank. This development is noteworthy as it points to increasing concerns among investors regarding the company's financial stability, amidst a challenging economic environment and shifting market dynamics.

Amundi-Backed AirFund Appoints Ex-CS and UBS Executives to Boost UK Presence

2 months ago

In a significant move aimed at enhancing its operational capabilities in the UK financial sector, AirFund, an investment entity backed by Amundi, has announced the recruitment of several high-profile executives. This strategic hire includes former leaders from Credit Suisse (CS) and UBS, reflecting AirFund’s ambition to tap into the robust UK market and expand its investment strategies.

Telecom Italia Engages UniCredit Amid Wave of Acquisition Interest

2 months ago

Telecom Italia, one of Europe's leading telecommunications companies, has recently enlisted the financial services expertise of UniCredit to provide guidance as it navigates through a complex landscape of potential acquisitions. This strategic move comes in the wake of renewed interest from various suitors looking to capitalize on the Italian telecom firm’s market position and assets.

KKR Declares Credit Market’s Evolution as Its "iPhone Moment"

2 months ago

In a significant shift within financial markets, KKR, a leading global investment firm, has heralded the current convergence of public and private credit markets as a transformative phase that it likened to the launch of the iPhone in 2007. This analogy reflects the rapid advancement and integration of traditionally separate sectors of finance, suggesting that profound changes are forthcoming in how capital is accessed and allocated.