Business
Norinchukin ekes out small profit, flags risks in private credit market
The bank reported a net profit of 26 billion yen (S$217.3 million) for the months of July to September Japan’s Norinchukin Bank, hit hard…
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credit
Business
AI bubble and growth fears are creeping into US credit markets
The malaise sweeping financial markets globally is creeping into credit markets. Risk premiums on everything from investment-grade…
Business
KKR targets December close for second Asia private credit fund
Asian borrowers remain highly price-sensitive, often opting for bank loans that are typically 200 basis points to 400 basis points cheaper…
Business
More private credit firms now accept higher-risk ‘payment in kind’ in direct-lending deals
PIK used to be associated with distressed or mezzanine segments of private credit With higher-for-longer interest rates, regulatory…
Business
Apollo, KB Securities team up to expand private credit in South Korea
The South Korean firm says that it plans to expand its global private credit footprint and enhance its capabilities in deal sourcing,…
Business
Japan’s US$132 billion borrowing binge reshapes global credit
The end of an era of essentially free money in Japan, a flurry of dealmaking and the artificial intelligence (AI) boom have unleashed…
Business
Apac private credit to reach US$92 billion in 2027 on wealth boom
The growth of Asia Pacific’s private markets comes against the broader backdrop of mounting headwind The Asia-Pacific private credit…
Business
Singapore's Lighthouse Canton to invest over US$1.5b in India; eyes private credit, real estate
Singapore-based asset manager Lighthouse Canton plans to invest over US$1.5 billion in India in the next few years, with a focus on…
Business
Singapore's Lighthouse Canton to invest over US$1.5 billion in India; eyes private credit, real estate
Singapore-based asset manager Lighthouse Canton plans to invest over US$1.5 billion in India in the next few years, with a focus on…
Business
UBS reshuffles leadership as Credit Suisse integration nears end
The lender is in the middle of a battle with the Swiss government over how much capital it needs to set aside to prevent another similar…
Business
Blackstone profits soar but lower rates bring scrutiny to credit
The expectation for lower interest rates is also a double-edged sword for the firm, threatening the profits of the company’s largest…
Business
Rivian to cut 600 jobs as loss of EV tax credit hits demand: source
[IRVINE, California] Rivian Automotive will lay off employees as the electric-vehicle maker contends with weakening demand following the…
Business
Withers to take action against Switzerland on Credit Suisse AT1 losses in Asia
The law firm is acting for investors across the region, including in Hong Kong and Singapore International law firm Withers is commencing…
Business
Wells Fargo CEO says credit is strong, sees no cracks in banking system
Credit among consumers and businesses remains strong, despite recent concerns about loan losses that have weighed on bank stocks, Wells…
Business
Gold holds drop as traders focus on US-China trade, credit woes
Gold steadied following a sharp drop for precious metals on Friday (Oct 17), with traders weighing the latest developments in trade…
Business
Banking shares’ wobbles reveal growing unease over credit risks
The markets have weathered a string of credit scares and surprise write-downs over the past two years A clutch of bad loans at banks in…
Business
Asia: Stocks fall with Wall Street as US credit fears add to worries
ASIAN stocks tracked losses on Wall Street on Friday amid fresh credit market fears that compounded worries about trade tensions, a…
Business
Banks and private credit clash after Dimon’s cockroach barb
The bickering underscores what’s at stake as a tidal wave of change sweeps across the financing landscape On Wall Street, everyone’s a…
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Swiss court says 16.5 billion Swiss francs bond write-off in Credit Suisse rescue was unlawful
A Swiss court on Tuesday (Oct 14) said the Swiss financial market regulator’s 2023 decision to write off 16.5 billion Swiss francs (S$26.7…
Business
Vingroup seeks US$500 million private credit for EV charging ports
China dominates the global public charging market with over 850,000 installations last year, more than double the installations in the…
Business
French trade credit insurer Coface eyes growth in South-east Asia amid rising trade risks
As the global economy fragments and supply chains shift, Coface is leaning into its market intelligence and analytics In a world where…
Business
Surge in interest, capital into private credit as investors retool portfolios
A large majority of them are intending to make an allocation to a private debt fund: Preqin More capital has been flowing into private…
Business
Vietnam central bank vows to push growth, limiting credit risks
The trade levies are putting upward pressure on inflation and adding pressure on the currency The State Bank of Vietnam plans to keep…
Business
Tesla sales surge to record on rush to snag US tax credit
The deliveries tally offers a preview of the earnings results the company will report Oct 22 Tesla reported a surprise increase in…