Credit
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BlackRock is near deal to buy private credit manager HPS
BLACKROCK is nearing a deal to buy HPS Investment Partners, a purchase that would vault the firm into the top ranks of private credit as it seeks to become a…
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HSBC pulling back from China credit card business after struggling to expand: sources
HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world’s…
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UBS acquitted over Credit Suisse criminal money laundering case
CREDIT Suisse’s 2022 conviction for failing to prevent the money laundering of a cocaine dealer’s profits was overturned by a Swiss appeals court following the death of one of its…
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BlackRock Nears Deal To Acquire Private Credit Manager HPS: Report
BlackRock had a verbal agreement to acquire a private credit manager, HPS Investment Partners. The deal was first reported by the Financial Times, stating that the value of the deal…
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BlackRock has deal to buy private credit manager HPS: report
BLACKROCK has a handshake deal to buy private credit group HPS Investment Partners, the Financial Times reported on Wednesday (Nov 27). The final deal value would be closer to US$12…
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California Vows To Step In If Trump Kills US EV Tax Credit
California will revive its own subsidy programs for electric vehicles if Donald Trump guts US federal tax breaks for such cars, the state’s governor said Monday. The president-elect has said…
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Global banks weigh halting fresh credit to India’s Adani after US indictment
Some global banks are considering temporarily halting fresh credit to India’s Adani Group but staying put with existing loans following US prosecutors’ indictment of its billionaire founder Gautam Adani for…
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Global banks weigh halting fresh credit to India’s Adani after US indictment
Some global banks are considering temporarily halting fresh credit to India’s Adani Group but staying put with existing loans following US prosecutors’ indictment of its billionaire founder Gautam Adani for…
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Tesla, Rivian drop on report Trump wants to end EV credit
US automaker stocks fell after Reuters reported President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric-vehicle (EV) adoption. Trump’s transition team has been discussing…
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Risk Management Expert Nitesh Khullar Drives ML/Al Adoption in Credit Modeling
Photo Credit by Nitesh Khullar “The future of credit risk modeling is, undeniably, in the hands of artificial intelligence,” declares Nitesh Khullar, senior vice president of scoring, modeling & strategic…
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Rivian reassures investors with cost cuts, green credit sales amid weak EV demand
RIVIAN said on Thursday (Nov 7) it was on track to turn a gross profit in the fourth quarter helped by cost cuts and a sharp increase in sales of…
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BlackRock readies US$1.3 billion private credit continuation fund
BLACKROCK is setting up a private credit loan fund that will allow it to raise as much as US$1.3 billion it can distribute to existing investors, people with knowledge of…
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Banks tout all-night US credit trades as election results come in
BANKS are gearing up for late-night US credit trades as results trickle in from presidential and legislative elections that could impact company profits. JPMorgan’s derivatives trading desk will be staffed…
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Australian lender Westpac sees solid credit demand in 2025, posts 3% annual profit fall
AUSTRALIA’S Westpac Banking on Monday (Nov 4) reported a fall in annual profit, and said it expects solid demand for housing and business credit in 2025 as the country’s central…
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Moody’s Cuts France Outlook, Opening Door To Credit Downgrade
Ratings agency Moody’s downgraded France’s outlook Friday, opening the door to a potential credit rating cut as it cited concerns over the country’s finances. The shift reflects “increasing risk that…
