11 h. ago Apollo shrugs off rate fears with surge in private credit loans

Lender originated $75bn in new loans in the third quarter, up 21% on last year

Politics

17 h. ago UBS chair warns of ‘looming systemic risk’ from private credit ratings

Colm Kelleher says insurers are shopping for ratings as banks did before 2008 financial crisis

Events

4 d. ago Experts warn of looming London drugs crisis as deaths climb to new high

Experts warn of looming London drugs crisis as deaths climb to new high  South West Londoner

Events

4 d. ago Air traffic controller shortages cause delays at major airports as Vance warns of looming ‘disaster’ if shutdown drags into November

Trump has ordered Congressional Republicans to use the ‘Nuclear Option’ to end the shutdown as the chaos rages on

Events

5 d. ago Walk to stave off bowel cancer: Experts pinpoint how many hours of exercise a week can help to prevent deadly disease

Walking for just five hours a week could dramatically reduce your risk of developing or dying from deady digestive system cancers, including bowel, liver and pancreatic cancer .

Events

6 d. ago Cricketers warned of looming 'emergency' as MCC demand action on overlooked topic

MCC recently hosted a conference to address the issue, with prices spiralling as demand soars – particularly in the sub-continent – for a product reliant on English willow.

Events

6 d. ago Deregulation will pour extra fuel on the private credit bonfire

The Trump administration’s looser rules could breed more ‘cockroaches’ in the lending market

Events

7 d. ago Picture of health: going to art galleries can improve wellbeing, study reveals

Viewing original works of art can relieve stress, cut heart disease risk and boost immune system, first study of its kind findsEnjoying original works of art in a gallery can relieve stress, reduce the risk of heart disease and boost your immune system, according to the first study of its kind.Researchers measured the physiological responses of participants while viewing masterpieces by world-renowned artists including Manet, Van Gogh and Gauguin in a gallery. Continue reading...

Politics

1 week ago Storm Benjamin: Met Office issues new weather warnings across UK as travel chaos looms

The Met Office issued new weather warnings for much of the country with Storm Benjamin expected to whip up gales and rain across the UK that will blight millions of Brits

Events

1 week ago Bank of England boss warns 'shadow banking' has echoes of the 2008 financial crisis

Bank of England governor Andrew Bailey (pictured) said 'alarm bells' were ringing over risky lending in the unregulated private credit market.

Events

1 week ago Alarm bells ring over risky lending: Bailey orders stress test into 'shadow banking' amid fears of a new financial crisis

Bank of England governor Andrew Bailey (pictured) said 'alarm bells' were ringing over risky lending in the unregulated private credit market.

Events

2 w. ago The Amazon meltdown was a glitch. The next will be catastrophic... and delayed flights will be the least of your worries

Experts say the AWS outage was more than a technical glitch - it was a warning shot about the fragility of global technology infrastructure and the looming disaster if the system truly breaks.

Politics

2 w. ago Andrew Bailey warns ‘alarm bells’ ringing over private credit market

BoE governor draws parallel with practices before 2008 financial crisis

Events

2 w. ago Bank should take concerns over private finance ‘very seriously’, says Bailey

The Governor of the central bank also confirmed that the Bank is planning to run a ‘stress test’ with private equity and credit firms.

Economics

2 w. ago BoE’s governor says ‘alarm bells’ ringing over private credit market

Andrew Bailey draws parallel with practices before 2008 financial crisis

Economics

2 w. ago BoE governor warns ‘alarm bells’ ringing over private credit market

Andrew Bailey draws parallel with practices before 2008 financial crisis

Events

2 w. ago JPMorgan warns First Brands fallout driving up banks’ funding costs

Concerns mount about hidden exposure to private capital firms and hedge funds in wake of credit market wobbles

Economics

2 w. ago What is private credit, and should we be worried by the collapse of US firms?

First Brands and Tricolor failures raise concerns for wider financial sector, including traditional banksThe collapse of two US firms, First Brands and Tricolor, has shone a light on private credit and its growing influence in the global economy.The failures have led to ballooning losses at traditional banks, and, coupled with worries about the health of US regional banks, have raised concerns about weak lending standards and potential threats from an opaque corner of the so-called shadow banking sector. Continue reading...

Economics

2 w. ago Bank shares lead global market fall amid jitters over US private credit

Signs of credit stress send markets in Europe and Asia down, while investors turn to safe haven assetsEuropean stock markets fell on Friday and gold hit a record high after two US regional banks said they had been exposed to millions of dollars of bad loans and alleged fraud.Signs of credit stress rattled markets across Europe and Asia. In London the FTSE 100 fell 0.9%, Germany’s Dax fell 1.8%, Italy’s FTSE Mib fell 1.5%, the Ibex in Spain was off 0.3% and France’s Cac 40 dropped 0.2%. Continue reading...

Economics

2 w. ago Stock markets hit by US regional bank worries and trade tensions – business live

Rolling coverage of the latest economic and financial newsFears are swirling today that we could be facing a repeat of the US regional banking crisis of 2023.That episode led to the demise of US bank SVB and then Europe’s Credit Suisse.An initially positive risk mood turned during the US session yesterday after news that Zions Bancorp (-13.14%) made a $50m charge-off while Western Alliance (-10.81%) alleged it also suffered from fraud on loans to the same borrowers linked to distressed commercial mortgages.While this was an ostensibly isolated story at two banks each less than $10bn market cap, the event drew inevitable comparisons to the regional bank stress that followed the collapse of SVB in March 2023 and raised broader questions over potential credit quality issues after a lengthy period of elevated rates and expansion in private credit, following also the bankruptcy of subprime auto lender Tricolor last month. Continue reading...

Economics