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.
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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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Mergers and Inquisitions
DECEMBER 4, 2024
This partially explains why sports investment banking has become a hot field, with JP Morgan and Goldman Sachs launching their own sports coverage groups. For a long time, sports teams and franchises were not worth that much, so banks rarely put their “A-Teams” on these deals. What is Sports Investment Banking?
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.
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.
Global Banking & Finance
OCTOBER 16, 2023
Italy unveils tax-cutting 2024 budget amid debt worries By Giuseppe Fonte and Gavin Jones ROME (Reuters) -Italy’s government on Monday approved a budget for next year with measures worth around 24 billion euros ($25.3 billion) in tax cuts and increased spending, despite market concerns over the country’s strained public finances.
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.
Global Banking & Finance
SEPTEMBER 27, 2023
Sizes of European government debt trades halve in 2023-ICMA By Yoruk Bahceli (Reuters) – Investors are having to put on much smaller trades more frequently in Europe’s government bond markets this year, trade body ICMA said on Wednesday, against a backdrop of declining liquidity as markets adjust to sharply tighter monetary policy.
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.
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
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.
Financial Times - Banking
OCTOBER 1, 2024
Co-heads of British lender’s investment banking arm seek to reduce reliance on debt underwriting
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
Mergers and Inquisitions
JANUARY 22, 2025
People are convinced that financial modeling in equity research is vastly different from investment banking and that research requires different or more specialized skills. Traditionally, banks gave away equity research reports for free to incentivize large clients to trade with the bank.
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.
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.
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.
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.
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.
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.
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.
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.
Global Banking & Finance
NOVEMBER 16, 2024
(Reuters) – Intrum, Europe’s biggest debt collector, on Friday said it had filed for Chapter 11 bankruptcy in the United States in a bid to restructure its debt.
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
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.
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
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.
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.
The New York Times: Banking
JANUARY 22, 2024
With unlikely allies, big banks are resisting regulators’ plan to strengthen them.
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.
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.
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.
Global Banking & Finance
NOVEMBER 26, 2024
million) debt which a London court found was unlikely to be paid. LONDON (Reuters) – ArcelorMittal won a bid on Tuesday to put a subsidiary of Liberty Steel, owned by commodities tycoon Sanjeev Gupta, into administration due to a 140 million euro ($147.4
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.
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.
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?”
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
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
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.
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.
Global Banking & Finance
DECEMBER 18, 2024
OSLO (Reuters) -Swedish real estate group SBB will have greater flexibility to divest property and to reduce its overall debt after completing a bond exchange offer on Wednesday, the company’s CEO told Reuters. The group said bondholders had agreed to an exchange of debt valued at 2.78 billion euros ($2.92
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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