Investment banks are reportedly trying to win back leveraged finance deals from the private credit space. Banks such as Goldman Sachs, Citi and Barclays are among the banks in talks with buyout firms about loans issued during more volatile periods, Bloomberg News reported Monday (Jan 22), citing sources with knowledge of...
The Biden Administration has approved an additional $4.9 billion in student loan debt relief for 73,600 borrowers. This brings the total loan forgiveness approved by the administration to $136.6 billion for over 3.7 million Americans, the Department of Education said in a Friday (Jan. 19)...
The adoption of working capital solutions has seen a rise among growth corporates, commonly referred to as middle-market firms, in North America. Their popularity stems from their ability to address a spectrum of needs, making them a resource for firms seeking comprehensive support in navigating...
Citi and LuminArx have introduced a financing tool for the private lending market. Cinergy, launched Thursday (Jan. 18) by the banking giant and the investment manager, will offer a wide range of private credit solutions to companies, including Citi’s client base, the companies said in a news release....
The chair of India’s biggest bank said his country was right to restrict unsecured loans. That crackdown, the State Bank of India’s Dinesh Khara told Bloomberg Tuesday (Jan. 16), helped hinder “unhealthy growth” following a surge in consumer loans he said was a “sign of...
PNC Financial Services Group saw delinquencies, total non-performing loans (NPLs) and net loan charge-offs increase during the fourth quarter. One notable contributor to the increase was the commercial real estate (CRE) portfolio, Robert Q. Reilly, executive vice president and chief financial officer at PNC, said Tuesday...
Traditionally, consumers rely on their primary financial institutions (FIs), such as banks or credit unions (CUs), for credit products like credit cards, mortgages, auto loans and personal loans. However, research indicates a shift in consumer behavior, with more individuals actively seeking better deals and turning...
About 30% of consumers have low credit scores — 650 or less — that have denied them access to credit products. These consumers and others are considered to be credit marginalized, according to “The Credit Accessibility Series: The Credit Insecure Need More Education,” a PYMNTS...
While this wasn’t a good year for commercial real estate, banks saw commercial loan growth. These loans — known as CRE loans — were up 3% year over year, while general commercial-industrial loans were down 1%, The Wall Street Journal (WSJ) reported Tuesday (Dec. 26),...
