Category: Credit

  • How Dividend Seekers Are Riding Private Credit Wave to Attractive Yields By Investing.com

    Yassin Ibrahim Investing.com – Business development companies, or BDCs, are taking the investment world by storm as income-seeking investors flock to this asset class that has earned a reputation for generating attractive dividend-like returns by filling a middle-market funding gap. left behind by traditional banks. The BDC sector has seen…

  • Consumer credit and Fed speeches highlight Monday’s economic calendar By Investing.com

    As traders approach another pivotal day for the financial markets, a series of critical decisions and economic data releases that could impact market dynamics are expected on Monday, October 7, 2024. The economic calendar for the day includes important speeches from Federal Reserve officials and consumer data releases. Credit data,…

  • Connect First and Servus Credit Union begins a new era benefiting from merger

    This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Published on October 3, 2024 • 3 minutes…

  • S&P cuts Israel’s credit rating as “conflict intensifies”

    International rating agency Standard & Poor’s downgraded Israel’s sovereign credit rating for the second time in a few months and reiterated its negative outlook, meaning a further downgrade is expected in the next 18 months. The rating was lowered from A+ to A – which is a medium to high…

  • Citi joins hands with Apollo for $25 billion private credit program By Reuters

    (Reuters) – Citigroup Inc and Apollo Global have teamed up for a $25 billion private credit and direct lending program, illustrating a growing alliance of banks and non-banks looking to grab a share of the lucrative $2 trillion market. Abu Dhabi’s sovereign wealth fund Mubadala Investment Company and Apollo’s retirement…

  • Swiss regulator investigating Credit Suisse’s final months, report says By Reuters

    ZURICH (Reuters) – Switzerland’s financial market regulator has ordered an audit into Credit Suisse’s handling of the events that led to its collapse in 2023, when it was taken over by old rival UBS, the SonntagsZeitung newspaper reported on Sunday. According to the newspaper, the Swiss Financial Market Supervisory Authority…

  • Credit Agricole: GBP emerges as a high-yielder post-BOE meeting

    GBPUSD Daily Following the Bank of England’s decision to hold interest rates, Credit Agricole highlights the emerging status of sterling as a high-yielding currency, supported by the possibility of future easing. Key points: Bank of England decision and future guidance: The Bank of England left interest rates unchanged in September,…

  • British journalist accuses Barclaycard of anti-semitism over credit card dispute

    Martin Blackham, a UK-based radio journalist who reports on the Gaza conflict from Israel, has filed a formal complaint against Barclaycard, alleging anti-Semitic behaviour by the company’s staff. Blackham’s complaint, addressed to Barclays CEO CS Venkatakrishnan and seen by Business Matters, centres on the bank’s refusal to maintain his credit…

  • Time to turn negative on European credit, says BCA Research By Investing.com

    BCA Research issued a warning about the outlook for European credit markets in a note on Tuesday, telling investors it is time to shift to a negative view of the asset class. Analysts see European credit spreads as having “little room to narrow further from current levels,” leaving investors with…

  • Positioning credit portfolios for the US election By Investing.com

    As the US presidential election approaches, credit portfolio managers face the delicate challenge of dealing with potential impacts on both macro and micro credit markets. According to analysts at UBS, while the broader macro credit environment is expected to see minimal disruption from the election, the micro-level impacts, particularly within…

  • Trump says he may end EV tax credit; is open to naming Elon Musk as an adviser By Reuters

    By David Shepardson YORK, Pennsylvania (Reuters) – Republican presidential candidate Donald Trump said on Monday that if elected he would consider ending the $7,500 tax credit for electric vehicles and would be open to appointing Tesla Inc Chief Executive Elon Musk to a cabinet or advisory position. “Tax credits and…

  • Carvana is on watch after S&P boosted its credit rating by a notch (NYSE:CVNA)

    Joe Raedle/Getty Images News Standard & Poor’s Global has upgraded Carvana’s credit rating to A+.NYSE: CVNA) to B- from CCC+. The rating agency noted that Carvana (CVNA) has continued to grow revenue and earnings. Standard & Poor’s sees these improvements as sustainable and enabling meaningful free earnings. Operating cash flow.…

  • Fitch cuts Israel’s credit rating with negative outlook

    Fitch Ratings announced last night that it has downgraded Israel’s credit rating from A+ to A with a negative outlook. Fitch’s downgrade of Israel’s credit rating follows a similar move by the other two major international credit rating agencies – Moody’s and Standard & Poor’s. In its announcement, Fitch said:…

  • Viola Credit closes $600m of $1.5b credit fund

    Viola Credit, a global asset fund that provides credit to emerging companies, today announced the first close of its $600 million third fund, designed to provide asset-backed credit to global fintech companies. Viola Credit says this is the first phase of a $1.5 billion deal, which will fully close in…

  • Hedge fund investor appetite hit by high fees and private credit, says Goldman Sachs By Reuters

    By Neil Mackenzie LONDON (Reuters) – Global investors’ appetite for more expensive multi-strategy hedge funds has declined, Goldman Sachs said in a report to clients seen by Reuters on Friday, even though more investors plan to add hedge funds to their portfolios. Goldman Sachs data from a survey of more…

  • Senate Democrats tee up vote on child tax credit in election-year pitch to families

    Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Kevin Freaking Published on August 1, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. FILE – Senate Majority Leader Chuck Schumer, D-N.Y., delivers remarks…

  • Budget delay, canceling VAT hike jeopardize Israel’s credit rating

    The Finance Ministry is busy preparing the state budget for 2025, but the work is getting more complicated every day. While the ministry’s top officials are trying to promote a balanced financial plan to deal with high defense spending, politicians, led by Prime Minister Benjamin Netanyahu and his economic adviser,…

  • Top 10 Apps To Buy Crypto With Credit Card In 2024

    In today’s fast-paced digital world, the ability to buy crypto with a credit card represents a pivotal bridge between traditional finance and the burgeoning cryptocurrency ecosystem. This convenience not only simplifies the process for newcomers eager to explore the crypto space but also caters to seasoned investors looking for swift…

  • Credit Agricole: GBP remains a best G10 FX bet despite risk aversion

    GBPUSD Daily Credit Agricole sees sterling as one of the best performing G10 currencies, despite recent setbacks due to a return to risk aversion and firmer-than-expected UK inflation. Sterling’s relative strength is driven by expectations that the Bank of England will hold interest rates steady, cementing its position as the…

  • Credit Agricole: GBP remains a best G10 FX bet despite risk aversion

    GBPUSD Daily Credit Agricole sees sterling as one of the best performing G10 currencies, despite recent setbacks due to a return to risk aversion and firmer-than-expected UK inflation. Sterling’s relative strength is driven by expectations that the Bank of England will hold interest rates steady, cementing its position as the…