Direct lending rush

The economist John Kenneth Galbraith once quipped that “there can be few fields of human endeavour in which history counts for so little as in the world of finance.” This show sets out to prove the opposite. Each week, FT columnist Gillian Tett and FT Alphaville editor Robin Wigg ...  Show more

For our final episode: Education start-up Byju’s quickly became the pride of India during the Covid-19 pandemic. But almost as fast as the company rose, it collapsed. The fallout has already resulted in millions of dollars’ worth of US court sanctions and allegations of witness t ...  Show more

The $8 trillion mortgage-bond market plunged to levels rarely seen since the global financial crisis as Treasury yields surged. To analyze why and what’s next, we’re joined by Christopher Maloney, mortgage strategist at BOK Financial Capital Markets, and Bloomberg News reporte ...

Hedge funds are jumping into the collateralized loan obligation market in pursuit of fat and steady returns, according to Bloomberg News’ Lisa Lee. CLOs are meanwhile menaced by the lingering threat of recession and higher rates — while increasingly repackaging private debt — Lee ...  Show more

In the last month or so, two macro risks have become top of mind for investors. One is the stability of regional banks. The other is the weakness in the commercial real estate market. On some level, they're separate stories, but they're also linked, since regional banks tend to d ...  Show more

Leveraged finance has sprung back to life with jumbo buyout deals and dividend loans, according to Bloomberg News’ Claire Ruckin. Credit investors are increasingly hungry for risk and companies are piling on debt amid hopes of a soft landing and lower rates ahead, Ruckin says. In ...  Show more