World Bank Warns of Record Debt Costs for Developing Countries
The New York Times: Banking
DECEMBER 3, 2024
The World Bank warned in a new report that poor countries will be stuck in economic “purgatory” without debt relief.
Gov. Jim Justice Faces Heavy Business Debts as He Seeks Senate Seat
The New York Times: Banking
MAY 12, 2024
The Justice companies have long had a reputation for not paying their debts. But that may be catching up to them.
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How to Pay Off Credit Card Debt and Deal With Rising Bank Fees
The New York Times: Banking
AUGUST 23, 2024
More borrowers have been falling behind on their credit card bills and are paying more for basic banking services, like A.T.M.
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How China’s Property Crisis Is Testing Its Too-Big-to-Fail Banks
The New York Times: Banking
SEPTEMBER 29, 2023
Banks hold enormous amounts of real estate debt, and regulators are nervous. But a fast-moving crisis is unlikely because the government has extensive control of the system.
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Distressed Debt Hedge Funds: How to Become a Vulture Capitalist
Mergers and Inquisitions
SEPTEMBER 13, 2023
Ask anyone interested in distressed debt hedge funds for “the pitch,” and they’ll probably mention one of the following: “It’s like long/short equity or credit , but more interesting!” Distressed debt investing offers advantages over other hedge fund strategies , but the marketing often oversells the benefits.
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Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World
The New York Times: Banking
AUGUST 27, 2024
Crushing obligations to foreign creditors that have few precedents have sapped numerous African nations of growth and stoked social instability.
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Charting a path for European carve-outs
JD Supra: Mergers
JUNE 3, 2024
As central banks continue their campaign to cool inflation, interest rates remain at elevated levels not seen in well over a decade. For companies, this makes funding growth initiatives and refinancing existing debt much more expensive. By: White & Case LLP
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SBI to raise up to Rs 50,000 crore in FY24 by issuing debt instruments
Business Standard - FInance
JUNE 9, 2023
State Bank of India plans to raise up to 50,000 crore rupees ($6.06 billion) this financial year by issuing debt instruments, as lenders look to meet rising demand for credit
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Real Estate Crisis Triggers New Alarms Over China’s Shadow Banks
The New York Times: Banking
SEPTEMBER 21, 2023
A financially troubled firm has stopped paying investors, risking panic and testing the Chinese government’s resolve to take on debts from its property crisis.
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Barclays details plans to revamp investment banking returns
Financial Times - Banking
OCTOBER 1, 2024
Co-heads of British lender’s investment banking arm seek to reduce reliance on debt underwriting
Credit Card Debt Hits New Peak as Some Borrowers Face Financial Strain
The New York Times: Banking
AUGUST 18, 2023
Debt rose to more than $1 trillion in the second quarter, a report found — a sign of financial strain for some, even before student loan payments resume.
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A $1 Trillion Borrowing Binge Looms After Debt Limit Standoff
The New York Times: Banking
JUNE 7, 2023
The government has avoided default, but the effects of the debt-ceiling brinkmanship may still ripple across the economy.
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‘Zombie Offices’ Spell Trouble for Some Banks
The New York Times: Banking
FEBRUARY 8, 2024
Bank tremors serve as a reminder: Just because a crisis hasn’t hit immediately doesn’t mean commercial real estate pain isn’t coming.
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Americans May Be Taking on Too Much Pay-Later ‘Phantom Debt’
The New York Times: Banking
DECEMBER 20, 2023
Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.
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Africa Needs Its Debts Paused So It Can Prepare for Climate Catastrophe
The New York Times: Banking
OCTOBER 8, 2023
Instead of receiving funds to address the climate crisis, Africa is borrowing money at a cost up to eight times higher than the rich world to rebuild.
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Can Ghana’s Debt Trap of Crisis and Bailouts Be Stopped?
The New York Times: Banking
SEPTEMBER 18, 2023
The government of Ghana is essentially bankrupt, and has turned to the International Monetary Fund for its 17th financial rescue since 1957.
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FOCUS Investment Banking and FOCUS Capital Partners Strengthen Ties Alongside Ownership Transition
Focus Investment Banking
JANUARY 21, 2025
and Dublin, Ireland January 23, 2025 FOCUS Investment Banking based in the US (the Company) and FOCUS Capital Partners (FCP) based in Ireland have combined ownership and operations to provide best in class investment banking services for middle-market clients. Washington, D.C.
Bulge Bracket Banks: 2024 Edition
Mergers and Inquisitions
NOVEMBER 22, 2023
I never expected to revisit the topic of bulge bracket banks so quickly because the full list changes slowly, and we updated it a few years ago. What is a “Bulge Bracket Bank”? The name “bulge bracket” (BB) comes from the prospectus for an IPO or debt issuance, which lists all the banks underwriting the deal.
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The Debt Problem Is Enormous, and the System for Fixing It Is Broken
The New York Times: Banking
DECEMBER 16, 2023
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.
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Banks' reliance on AI to handle customer service worries consumer watchdog
Business Standard - FInance
JUNE 6, 2023
That's what the Consumer Financial Protection Bureau is asking in a report released Tuesday, where the bureau lays out a number of concerns about the growing use of chatbots by banks to handle routine customer service requests. For several years, banks have been handling more and more customer service requests with chatbots, of
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It’s OK to Have Amber Flags on Your Vendor Due Diligence Report
Beyond M&A
FEBRUARY 19, 2025
Theres a version of Tech Due Diligence that is inherently collaborative because it involves working openly with the target company and the investment bank. Resilience and scalability risks Especially common in fast-growing startups where technical debt is accumulating. At Beyond M&A, we prefer to call it Pre-Emptive Due Diligence.
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Investment banking for positive impact and sustainability
World Finance
JULY 17, 2023
Alpen Capital has built an impressive reputation for structuring unique and innovative solutions for its clients across the areas of debt, M&A and equity. The company now looks to build on its success
If Your Debt Is Ballooning, There Are Steps You Can Take
The New York Times: Banking
AUGUST 23, 2024
More borrowers have been falling behind on their credit card bills and are paying more for basic banking services, like A.T.M.
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How the Growth of Private Credit is Impacting Private Equity
OfficeHours
AUGUST 25, 2023
Following the GFC, the government enacted new regulations that limited banks’ abilities to underwrite highly leveraged financing. Over time, private credit providers with greater financial flexibility stepped in to fill the void left by the banks’ retreat. However, this business can be risky for banks.
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More Regulation? Big Banks Say They’re Safe Enough Already.
The New York Times: Banking
JANUARY 22, 2024
With unlikely allies, big banks are resisting regulators’ plan to strengthen them.
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The Collapse of Silicon Valley Bank: The Start of Great Financial Crisis 2.0?
Mergers and Inquisitions
MARCH 13, 2023
In 24 hours, it went from “We’re fine, but we took some losses and need additional capital” to “The FDIC is taking over, the government has guaranteed uninsured deposits, and there might be additional bank runs and a financial crisis or three.” It’s the second-biggest bank failure in U.S. Silicon Valley Bank did not “fail” in 24 hours.
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Global debt surges past $320 trillion as risk appetite returns- IIF
Global Banking & Finance
DECEMBER 3, 2024
By Libby George LONDON (Reuters) – The world’s debt stock surged by over $12 trillion in the first three quarters of 2024 to a fresh record of nearly $323 trillion, thanks to falling borrowing costs and rising risk appetite, a report by a banking trade group showed on Tuesday.
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Debt Ceiling Crisis: How a Default Could Unfold
The New York Times: Banking
MAY 26, 2023
Here’s a look at what markets are expecting and planning for, and how a default might happen.
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Chase to Bar Customers From Using Credit Cards for ‘Pay Later’ Loans
The New York Times: Banking
JULY 26, 2024
Financial regulators and consumer advocates frown upon using credit cards to pay off installment loans because of the risk that consumers will dig themselves further into debt.
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Collateralized Debt Obligation (CDO)
Wall Street Mojo
JANUARY 15, 2024
What is a Collateralized Debt Obligation? It happens when capital borrowers like banks, big companies, and other financial institutions lose capital provider's trust like depositors, investors, and capital markets. Table of contents What is a Collateralized Debt Obligation? How does Collateralized Debt Obligation (CDO) Work?
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Government debt glut could rock markets in 2025, BIS says
Global Banking & Finance
DECEMBER 10, 2024
By Naomi Rovnick LONDON (Reuters) – The threat of soaring government debt supply destabilising financial markets has intensified, the world’s top central banking advisory body said on Tuesday, as it urged policymakers to act swiftly to prevent economic damage.
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Why Investment Banking? How to Answer the Most Boring But Persistent Interview Question of All Time
Mergers and Inquisitions
OCTOBER 16, 2024
“Why investment banking?” and there’s now an overwhelming amount of information online about investment banking. I’ll explain these points here and suggest specific answers to “Why investment banking?” but I’ll start with the short version: Table Of Contents Why Investment Banking: The Short Version “Why Investment Banking?”
China’s GDP Grew in 2023, but Economic Strains Lurk
The New York Times: Banking
JANUARY 16, 2024
percent, as China worked to export more to make up for weak demand, high debt and a steep property contraction at home. Gross domestic product expanded 5.2
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Barclays reaches $19.5 million settlement over $17.7 billion debt sale blunder
Global Banking & Finance
DECEMBER 3, 2024
million to settle a lawsuit in Manhattan by shareholders who accused the British bank of securities fraud after it sold $17.7 billion more debt than regulators allowed. NEW YORK (Reuters) – Barclays agreed to pay $19.5
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Investment Banking in Singapore: The Best Gateway to Asia for the Non-Chinese?
Mergers and Inquisitions
MAY 10, 2023
I’ve found that two main groups care about investment banking in Singapore : Students who are from Southeast Asia and are considering whether they want to work in Singapore, NY, London, or other places. It’s just that it’s smaller than you might expect, which means a lower investment banking headcount than true financial centers.
Why learning the LBO model trains you for the PE or Debt fund infusion analysis/models?
Wizenius
SEPTEMBER 28, 2024
Leverage Buyouts (LBO) are a strategic financial maneuver where a financial sponsor, typically a private equity firm, acquires a target company by utilizing a substantial amount of debt alongside a smaller portion of equity. In an LBO scenario, both debt and equity investors commit capital to the target company.
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Panmure Gordon and Liberum agree merger to create new investment banking giant in the UK
The TRADE
JANUARY 16, 2024
Panmure Gordon and Liberum are set to merge to create the UK’s largest independent investment bank, with ex-Barclays executive Rich Ricci stepping into the chief executive role of the combined entity. The deal comes just three months after Deutsche Bank completed the acquisition of institutional broker Numis for £410 million.
LCH RepoClear merges euro debt and €GCPlus services
The TRADE
JULY 5, 2023
LCH RepoClear has merged its RepoClear Euro debt service, which includes specials and general collateral, with its tri-party basket repo clearing service €GCPlus. As a result, members are now able to settle Dutch government bonds at Euroclear Netherlands as well as Austrian and Spanish government bonds at Clearstream Banking Frankfurt.
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Stocks Rally and Bond Yields Slide as Fed Signals Rate Cuts in 2024
The New York Times: Banking
DECEMBER 13, 2023
The Fed’s rate increases since March 2022 have sent shock waves through financial markets, raising borrowing costs on things like mortgages and government debt and weighing on the stock market.
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‘Do You Even Want Us to Exist?’ A Bank Chief Fights to Survive.
The New York Times: Banking
JUNE 14, 2023
The banks at the center of the recent crisis, like Western Alliance, are engaged in collective soul-searching.
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Bank of America Reports Big Jump in Profit on Higher Interest Rates
The New York Times: Banking
JULY 18, 2023
One of the nation’s largest banks reported across-the-board strength in its latest quarter, with sales and earnings that surpassed analysts’ expectations.
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Mastering Technology Due Diligence and Integrations
Midaxo
OCTOBER 12, 2023
Operational debt is as serious as tech debt. Additional Q&A with Mart Lumeste: Q: How Do You Uncover and Evaluate the Extent of Technical Debt? Organizations usually incur technical debt when the cost of adding additional features increases (e.g., Reducing the debt requires a plan and management buy-in.
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