Distressed Creditors Play Nice; Telecoms in F...

TCW’s $160 billion fixed-income group has slashed credit risk to the lowest in three decades amid valuation and contagion concerns. “Look back over the last 30 years — you would not find a period where we had less exposure to both investment-grade and high-yield bonds as we do to ...  Show more

Blackstone is looking to more than double its $40 billion systematic credit business, which uses models to crunch data and build portfolios. “This can and should be a $100 billion business if you look at us compared to other large traditional discretionary fixed-income managers,” ...  Show more

First Brands Group, a roll-up of car parts manufacturers, is preparing a bankruptcy filing after amassing as much as $10bn in debt. And last week, Tricolor, a subprime auto loan lender, ran into trouble. Today on the show, Rob Armstrong and Katie Martin ask if we are at a turning ...  Show more

From the BBC World Service: The world’s most indebted real estate developer, Evergrande, has been told it has weeks to avoid liquidation by agreeing a repayment plan for the money it owes. Then: Ecuador’s incoming interim President faces a number of challenges, including revitali ...  Show more

The financial burden facing the world’s poorest countries is growing. Spain wants rich creditor nations to do more. Host Carmel Crimmins talks to Spanish Economy and Trade Minister Carlos Cuerpo ahead of a meeting of world leaders in Seville that will set out the priorities for f ...  Show more

Bloomberg News Wall Street Reporter Sonali Basak talks about her interviews with Boaz Weinstein, Ida Liu and David Rubenstein about the next big risk for investors. Carvana CEO Ernie Garcia discusses restructuring debt and selling stock in a comeback attempt for the used-car reta ...  Show more