Credit
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More People Are Only Paying The Minimum Payment As Credit Card Balances Rise
A collection of credit cards. FREDERIC J. BROWN/AFP via Getty Images Rising credit card balances and a record number of people making only minimum payments signal growing financial strain for…
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Asia private credit funding hits eight-year low on China slump – The Business Times
ASIA’S private credit market faces diverse challenges in 2025 after fundraising dropped to an eight-year low and concerns over China’s ailing growth hit sentiment. Fundraising of Asia Pacific-focused private debt…
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Apple in talks with Barclays, Synchrony to replace Goldman in credit card deal: sources
APPLE is in talks with Barclays to replace Goldman Sachs as the tech giant’s credit card partner, said two sources familiar with the matter, as the Wall Street giant steps…
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More Than 1 In 10 People Say Holiday Spending ‘Blew Up’ Their Credit Card Debt
Reuters The holiday season wasn’t just merry–it was costly, with 1 in 10 consumers admitting that they went over their budget holiday shopping. A WalletHub survey showed over 10% of…
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Credit Card Spending Accelerated In December As Americans Spent On Services And Retail
Consumers closed out 2024 strong as December credit card and debit card spending per household increased 2.2% over the same period a year ago. Analysis by the Bank of America…
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Credit Suisse’s Ray Farris named Prudential’s first chief economist
CREDIT Suisse veteran Ray Farris has been appointed chief economist of Prudential’s asset management arm, Eastspring Investments, to drive economic analysis and insights for both Eastspring and its parent company.…
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Credit Card Defaults Are At Highest Levels Since 2010
According to a report by the Federal Reserve Bank of New York, credit card debt in the United States has reached $1.13 trillion. Justin Sullivan/Getty Images) Credit card debt in…
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Swiss bank watchdog blundered on Credit Suisse, report finds
THE Swiss parliament heavily criticised the previous leadership of Switzerland’s financial regulator Finma in a landmark enquiry into last year’s collapse of Credit Suisse. Finma’s 2017 decision to grant Credit…
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Apollo says private credit may reach US$40 trillion by 2030
APOLLO Global Management said that a booming part of private credit is already a US$20 trillion industry and that the market as a whole may reach US$40 trillion within the…
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CLI to acquire Australian credit investment manager Wingate for A$200 million
CAPITALAND Investment (CLI) is acquiring the property and corporate credit investment management business of Wingate Group in Australia for A$200 million (S$173 million), to expand its private credit business and portfolio in the…
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Brokers’ take: Maybank says S&P’s credit watch negative on SingPost is ‘irrelevant’, maintains ‘buy’
The group’s equity story remains compelling and will gain from restructuring, says analyst MAYBANK securities continues on with its “buy” call on Singapore Post (SingPost), with a target price of…
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Australia moves ahead to scrap AT1 bonds after Credit Suisse hit
AUSTRALIA’S banking regulator is pushing ahead to scrap the market for contingent convertible securities, despite some concerns, becoming the first country to phase out the securities that were wiped out…
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Temasek unveils S$10 billion private credit entity
SINGAPORE’S state investment company Temasek said on Friday (Dec 6) that it has established a wholly owned private credit entity with an initial portfolio amounting to S$10 billion, consisting of…
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Temasek initiates wholly owned private credit platform of about S$10 billion
It will be led by Nicolas Debetencourt, head of credit and hybrid solutions at Temasek SINGAPORE investment company Temasek announced on Friday (Dec 6) the formation of a wholly owned…
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S&P places Singapore Post on credit watch negative following strategy reset, sale of Australia business
GLOBAL ratings agency S&P said on Thursday (Dec 5) it has placed Singapore Post (SingPost) on CreditWatch negative, following a change in its future strategy and the sale of its…
