August 2024
- Exclusive
- Responsible lending
Melbourne private capital firm lands in ASIC’s line of sight
Oak Capital describes itself as a “mid-tier” non-bank lender and specialises in real estate financing. The regulator has stepped up it scrutiny of the sector.
- Primrose Riordan and Aaron Weinman
July 2024
PGIM hops on private credit boom with $750m fund
The global fund manager’s first local private credit fund has raised $300 million and received an additional $300 million in commitments so far.
- Campbell Kwan
- Investigation
- Investment banking
‘Marking their own homework’: Inside Australia’s $200b unregulated private credit boom
Credit products are being launched a mile-a-minute, promising plenty of returns buoyed by high rates. But behind the euphoria, there’s plenty of disquiet.
- Aaron Weinman and Jonathan Shapiro
April 2024
- Exclusive
- Cromwell Property Group
This Australian executive is taking on a US private investment giant
As chairman of Cromwell Property Group, Paul Weightman saw plenty of corporate jousting. Now the Corinthia Global Management founder is staring down Barings.
- Primrose Riordan
March 2024
- Opinion
- Chanticleer
Liontown buys time for lithium resurgence with shrunken debt deal
Less money, fewer banks and a lot less time. Liontown’s new debt deal is very different, but it buys the lithium miner time to start up its new mine and pray for better prices.
- Updated
- James Thomson
January 2024
The lone Aussie riding US credit monopoly sensation FICO
US credit growth has hit the brakes as higher interest rates bite, but the American credit rating agency’s share price has jumped 87 per cent this year.
- Matthew Cranston
October 2023
Stocks to suffer in new regime of higher bond yields
Citi’s macro strategist Jim McCormick says markets have changed forever, and while it will be dramatic, it won’t all be bad.
- Jonathan Shapiro
August 2023
The owners of these businesses are most likely to default on their home loan
Owners in the retail and construction sectors are more likely than other company directors to miss repayments on their home loan and personal credit cards.
- Michael Read
- Opinion
- Chanticleer
Stumbling China adds shadow banking mess to a property crisis
Beijing’s latest rate cuts will do little to soothe growing concerns about contagion from the property sector spilling into the broader economy.
- Updated
- James Thomson
May 2023
- Opinion
- Chanticleer
What if Jamie Dimon is right on higher interest rates?
Stocks and bonds are priced for the number to fall as inflation fades. But JPMorgan’s CEO says banks, firms and investors should prepare for a different result.
- Updated
- James Thomson
How a credit crunch starts: Half of US banks are already insolvent
Across America, thousands of banks are already underwater - and many more are vulnerable to a collapse. Is the entire banking system on the brink?
- Ambrose Evans-Pritchard
April 2023
- Opinion
- Chanticleer
Ten investment ideas for choppy markets
The Alpha Live conference provided a plethora of ideas about what investors should buy and what they should avoid. Here are 10 of the best.
- James Thomson
January 2023
Citi claims supply chain finance ‘more important than ever’
Almost two years after Greensill Capital collapsed, Citigroup is pitching supply chain finance schemes as a tool for tackling rising inflation and interest rates.
- Jenny Wiggins
- Exclusive
- Investment banking
ANZ traders’ travel budget capped as banks weigh expenses
The bank’s credit sales and trading desk was slapped with a $150,000 budget to see clients for this financial year, leaving traders fuming over fiscal prudence.
- Aaron Weinman
October 2022
Nano pushes pause on new loans until funding costs fall
Nano is waiting for funding costs to normalise before writing any more home loans.
- Ayesha de Kretser
March 2022
Energy traders call for ‘emergency’ central bank intervention
Industry body says traders need ‘time-limited emergency liquidity support to ensure that wholesale gas and power markets continued to function’.
- Claire Jones, Neil Hume and Martin Arnold
October 2021
Evergrande shares halted amid report of unit stake sale
Hopson Development Holdings plans to acquire a 51 per cent stake in Evergrande’s property services unit, Cailian is reporting.
- Russell Ward
September 2021
- Opinion
- Opinion
China’s housing market engine is dead
Beijing will dip into its deep pockets to ring-fence the financial fallout from Evergrande’s bankruptcy. But it’s the end of relying on a massive real estate boom to drive economic growth.
- Kenneth Rogoff
- Opinion
- Opinion
Look to Japan for lessons on Evergrande
The Evergrande crisis is less ‘Lehman moment’ and more domestic property and bank asset bubble, like the one which dogged the Japanese economy for decades.
- Updated
- Gillian Tett
March 2021
China’s war on the credit boom
A campaign led by Vice-Premier Liu He to reduce the danger of uncontrolled lending could strangle the private sector.
- Tom Mitchell