The European Investment Fund doubled its private credit fund activity to €711m in 2024, as it sought to provide finance to small and medium-sized businesses that would otherwise struggle to access finance. The EIF’s annual report was formally adopted at...
Castlelake, L.P., a global alternative investment manager specializing in asset-based private credit, and fintech lender TradeBridge, today announced Castlelake has agreed to provide a new financing facility of up to £70m to TradeBridge. The financing is provided by Castlelake...
Digital business banking platform Tide has secured a £100m securitisation debt facility from investment manager Fasanara Capital, which the platform said will support its provision of credit to customers. Tide said that the facility will help the platform in offering...
The UK-headquartered lender said rising net income and lower volatility were more than outweighed by higher operating costs and a higher impairment charge. Lloyds Banking Group today reported statutory profit after tax of £1.1 billion ($1.46 billion) in the first...
KKR’s assets under management across credit and liquid strategies increased by nine per cent year-on-year to $283.6bn to the close of the first quarter of 2025. The firm said that this figure was composed of $129bn of leveraged credit, $74bn...
Standard Chartered reported first-quarter profit that beat estimates as the bank weighs the impact of US President Donald Trump’s trade war. Adjusted pretax profit for the quarter ended March hit US$2.3 billion, largely driven by the bank’s financial markets and...
Including $806 billion invested in finance and insurance overseas. Canadian direct investment abroad was $2.47 trillion at the end of 2024, increasing 12% from 2023, the largest percentage rise since 2019, according to a Statistics Canada release. The top sectors that...
The US banking system’s reserves, a key factor in the Federal Reserve’s decision to keep shrinking its balance sheet, tumbled to the lowest in nearly four months. Bank reserves fell by about US$209 billion to US$3 trillion in the week...
Market optimism has waned in the face of tariffs, policy volatility. North American leveraged finance markets started the year hoping for stronger merger and acquisition activity but have since weakened due to tariff-related uncertainty, Fitch Ratings says. In a new report,...
The Bank of Thailand (BOT) cut its key interest rate and said it stands ready to ease monetary policy further as the global trade war prompts a sharp downgrade in the outlook for economic growth. The BOT’s seven-member Monetary Policy...
