European private loan market falters as corporate credit stress mounts
By Naomi Rovnick and Chiara Elisei LONDON (Reuters) – Direct lending, a key but expensive source of credit for riskier European firms that banks often shy away from, is running…
By Naomi Rovnick and Chiara Elisei LONDON (Reuters) – Direct lending, a key but expensive source of credit for riskier European firms that banks often shy away from, is running…
WALL TOWNSHIP, NJ – Jonathan T. Balbosa, 25, of Neptune, was arrested on charges of theft and fraudulent use of a credit card following a joint investigation by local police…
NEW YORK (Reuters) – Wells Fargo hired former Credit Suisse banker Jill Ford as its head of equity capital markets, the bank said in a statement. Ford is based in New…
(Reuters) – Credit Suisse clients withdrawing their money as the bank headed for collapse likely accounts for the first significant balance sheet contraction in a decade for all banks in…
NEW YORK CITY, NY – On Saturday, August 19, at around midnight, a robbery occurred at Amsterdam Billiards located at 110 East 11th Street. The New York City Police Department…
CAMBRIDGE, MD – James Cecil McCoy, a 45-year-old resident of Cambridge, was served a Criminal Summons by the Cambridge Police Department last Friday at approximately 6:30 am. Officers located McCoy…
ZURICH (Reuters) – UBS expects around 1,000 jobs to go from integrating Credit Suisse’s Swiss business, Credit Suisse (Schweiz), and an additional 2,000 redundancies in Switzerland over the next couple…
ZURICH (Reuters) – UBS and Inside Paradeplatz have settled a lawsuit initially brought against the popular Zurich based finance blog by Credit Suisse, the publication said on Tuesday. As part…
BERLIN (Reuters) – Credit Suisse, which is now a subsidiary of UBS, posted a loss of 3.5 billion Swiss francs ($4.0 billion) in the second quarter of 2023, according to…
LAUREL, DE – On Thursday, the Delaware State Police arrested Ernest Ashlet, 19, and Sebastien Mombes, 30, both from Orlando, Florida, for attempting to purchase car parts with fraudulent credit…
By Katherine Masters and Ananya Mariam Rajesh (Reuters) – Major U.S. department stores including Macy’s and Nordstrom are flagging delays in store credit card repayments, another risk to revenues as…
STATEN ISLAND, NY – The New York City Police Department is looking for information regarding an incident involving grand larceny that occurred on Monday, July 31. A 26-year-old female reported…
Another Major Credit Agency Downgrades Several US Banks Will Kessler on August 22, 2023 A major U.S. credit agency cut the ratings of multiple banks following a string of credit…
TRENTON – In a move aimed at enhancing transparency and fairness for consumers, Governor Phil Murphy has signed A4284/S3508 into law, a legislation that prohibits certain surcharges for credit card…
(Reuters) – Ratings agency Moody’s Investors Service downgraded utility Hawaiian Electric Industries’s credit rating to junk status on Friday, the second such cut this week as investors worried about the…
By Chris Prentice and Brenna Hughes Neghaiwi NEW YORK/ZURICH (Reuters) – Swiss lender Credit Suisse did not review all available records when it conducted an internal probe into the historical…
By Matt Tracy WASHINGTON (Reuters) – The credit quality of U.S. middle market collateralized loan obligations (CLOs), major sources of debt funding for mid-sized companies, has worsened only slightly even…
By Milana Vinn (Reuters) – Jefferies has hired Credit Suisse investment banker Jon Gegenheimer in its latest efforts to boost its U.S. technology dealmaking franchise, according to people familiar with…
GAMBRILLS, MD – Officers responded to a robbery report on Monday, at approximately 4:15 p.m. outside the Navy Federal Credit Union situated at 1356 Main Chapel Way in Gambrills. The…
CAMP HILL, PA – On Thursday, August 3, at approximately 6:40 p.m., a local resident’s wallet was reportedly stolen. The incident occurred in the photo booth at the Capital City…
By Valentina Za and Pablo Mayo Cerqueiro LONDON (Reuters) -U.S. hedge fund Davidson Kempner Capital Management (DK) said on Friday it had agreed to sell Prelios to fintech firm ION…
LONDON (Reuters) – Credit distress at Chinese private developer Country Garden is likely to spill over to the country’s property and financial markets, weakening sentiment and delaying the recovery of…
(Reuters) – U.S. bank Wells Fargo said on Monday Malcolm Price has joined its corporate and investment bank (CIB) as the head of financial sponsors, after 35 years at Credit…