US asset manager says acquisition of European private credit firm will boost alternative credit assets to almost $90bn. Franklin Templeton, the $1.5tn US asset management group, has acquired a majority stake in European private credit firm Apera Asset Management, marking...
Bain & Company said the lack of firms raising more than $5bn underlines a drop both in the average fund size and the number of funds closing. No buyout fund closed with more than $5bn in the first three months...
Many digital payment platforms remain disconnected from each other. Regulatory differences, emerging digital assets, and outdated banking infrastructure are leading to a more fragmented financial world, with projected economic losses of as much as $6.5t by 2030, according to SWIFT. Whilst...
HSBC has announced a $4bn investment into its private credit funds, part of a broader push by banks to tap into the booming $2tn global private credit market. The capital will be channelled through HSBC Asset Management’s alternative credit funds,...
The Bank of Canada held interest rates steady for a second consecutive meeting, but officials said there may be a need to cut borrowing costs if the economy weakens and inflation remains contained as US tariffs make an impact. Officials...
Revenue rose to $15.7 billion as profit and loan loss provisions increased. Royal Bank of Canada’s cautious outlook on the future led to a notable build in its provisions for potential loan losses in the quarter, though profits also rose...
Dubai has maintained its first place as the world’s leading destination for greenfield foreign direct investment (FDI) in the cultural and creative industries (CCI), topping the Financial Times’ fDi Markets ranking for the third consecutive year. The 2024 report, which...
The bank’s provision for credit losses amounted to $1.05 billion. BMO Financial Group’s second-quarter profit rose from a year ago even as its Canadian banking and capital markets divisions saw income drop due to tariff-related uncertainty. The bank on Wednesday reported...
Trading revenues hit record levels as markets grapple with spike in uncertainty. The surge in first-quarter market volatility boosted the trading revenues of large European banks to record highs, Morningstar DBRS reports — and the trend is expected to continue...
Cross-border direct lending deals are on the rise, with 90% of private credit professionals across Europe reporting an increase, according to research from Nordic Trustee, part of global capital markets services provider Ocorian. The study, which surveyed private credit and...
