This Month
Fitch Ratings says Gupta’s InfraBuild faces default within months
The sprawling steel business is the British industrialist’s last good asset. The credit agency says a breach of its lending agreement “appears probable”.
March
Count Financial keeps some private credit in the family
Count took the bold step of telling advisers to sell off holdings in some private credit funds this month. But Realm products are still in favour.
Financial planning giant abruptly tells advisers to sell Metrics funds
Count Financial said it would also launch a wide-ranging review of private credit to assess whether the returns were still work the risk after recent turmoil.
August 2024
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.
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.
‘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.
April 2024
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.
March 2024
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.
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.
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.
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.
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.
May 2023
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.
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?
April 2023
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.
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.
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.
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.
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’.
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.