Credit
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UBS CEO Sergio Ermotti plans to step down in April 2027 after completing Credit Suisse project: FT
The report comes at a time when UBS is trying to fight the Swiss government’s proposals to strengthen banking rules [ZURICH] UBS CEO Sergio Ermotti, who oversaw the Swiss bank’s…
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How Trump’s proposed cap on credit card rates could reshape consumer lending
It could wipe out billions of dollars in interest income for banks and card issuers, and result in them tightening credit boxes [NEW YORK] A proposed one-year cap on credit…
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Vietnam central bank cuts credit growth target to 15% this year
The new target is lower than the 16% the bank initially set for 2025 before raising it during the year [HANOI] Vietnam’s central bank has cut its target for credit…
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Trump calls for one-year cap on credit card interest rates at 10%
Lawmakers from both the Democratic and Republican Parties have raised concerns about high rates and have called for those to be addressed [WASHINGTON] US President Donald Trump said on Friday…
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UBS offers first AT1 since Credit Suisse ruling, capital plans
[ZURICH] UBS Group is selling Additional Tier 1 debt for the first time since Swiss lawmakers floated changes that could expand its use to meet capital requirements, and as courts…
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2025 Was the Record Year for Holiday Sales: Finelo Reviews How to Recover from Your Credit Card Hangover
(Reviewed by Finelo) This year, holiday giving has reached new heights. Americans are spending now more than ever. In 2025, U.S. holiday spending surpassed $1 trillion for the first time.…
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China to scrub small overdue debts from credit records to help spur lending
[BEIJING] China’s central bank on Monday unveiled a one-off credit repair scheme to allow overdue personal debts of up to 10,000 yuan (S$1,835) incurred since 2020 to be removed from…
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S&P Global shifts Genting companies’ outlook to negative on weaker credit quality forecasts
Group capital expenditure could double in 2026, with earnings ‘unlikely’ to keep pace [SINGAPORE] S&P Global Ratings revised its outlook for the Genting group of companies to “negative”, citing expectations…
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January Capital’s private credit fund marks final close at over US$130 million
The fund offers growth-stage, sponsor-backed tech firms in Apac less-dilutive financing through senior secured loans [SINGAPORE] Singapore-headquartered investment firm January Capital on Monday (Dec 15) announced the final close of…
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Axa warns on data centre ‘gambles’ as private credit risks rise
[PARIS] French insurer Axa is exercising greater caution on the artificial intelligence build-out when backing financing for the sector, amid growing awareness of emerging risks in private markets. “We are…
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You Might Get Hit by a $500+ AI Identity Theft Trap That’s Wrecking Americans’ Credit Scores
The number of identity theft victims in America has skyrocketed from 43% to 78% within a single year—and the consequences are devastating. Credit scores are plunging, and over half of…
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Temasek-owned SeaTown raises about US$900 million as of second close of third private credit fund
This comes four months after its first close of over US$612 million back in August [SINGAPORE] SeaTown, owned by Temasek’s asset management group Seviora, has raised about US$900 million as…
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Private credit, core-plus infrastructure could offer ‘good risk-reward’ in 2026: Temasek CEO
[ABU DHABI] Private credit and core-plus infrastructure assets could put investors looking to diversify from equities in a “good risk-reward” position in 2026, said Dilhan Pillay, executive director and chief…
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Drew & Napier, Withers to collaborate on claims against Switzerland over Credit Suisse AT1 losses
The Singapore firm has filed arbitration for Japanese claimants; expects to file for Singapore, Hong Kong groups by Q1 2026 [SINGAPORE] Drew & Napier, one of Singapore’s largest law firms,…
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Gambling, prediction markets create new credit risks, Bank of America warns
The bank says that there are already worrisome signs in some indicators of consumer stress, citing a US News survey [NEW YORK] Bank of America (BOA) is sounding the alarm…
