Distressed Creditors Play Nice; Telecoms in Focus

Distressed Creditors Play Nice; Telecoms in F...

Up next

Citi Warns of Private Debt Risk as ‘Tourists’ Are Forced to Sell

Rookie private lenders that have to sell in a downturn are a potential threat to credit markets, according to Citi. “If the cycle turns and these tourists, rather than working out loans, just start selling them at below the economic value — what happens to the rest of the market? ...  Show more

Sycamore Tree Tips Chemicals in Iran Jam

Middle East shipping disruptions are boosting US companies bruised by cheap Chinese supply, according to Sycamore Tree Capital Partners. “It really slows down the ability for some of those Asian-based chemical companies to produce,” Trey Parker, the asset manager’s co-founder and ...  Show more

Recommended Episodes

US Retail Sales Barely Increase in Sign of Consumer Strain
Bloomberg Businessweek

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg News Economics Editor Molly Smith and Bloomberg News Rates Reporter Michael Mackenzie break down news that US retail sales barely rose in May and prior months were revised lower, pointing to greater f ...  Show more

Minutes Show Officials Rallying Around Higher-for-Longer Rates
Bloomberg Businessweek

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg News International Economics & Policy Correspondent Michael McKee reports on Federal Reserve officials earlier this month coalescing around a desire to hold interest rates higher for longer and “many” ...  Show more

Return of the covenant light loan, BNP Paribas boss interviewed, Russian ramifications and more Co-op chaos
FT Banking Weekly

Patrick Jenkins is joined by Anne-Sylvaine Chassany, private equity correspondent, for a look at how debt investors are abandoning normal creditor protections and snapping up riskier "cov-lite" loans at a faster rate and in greater proportions than at the peak of the credit bubbl ...  Show more

VW Latches Onto Rivian in $5 Billion EV Pact to Regain Momentum
Bloomberg Businessweek

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Technology Co-Host Ed Ludlow reports on Volkswagen plowing $5 billion into a partnership with Rivian Automotive. Bloomberg News Senior Reporter Tom Randall explains why Tesla is poised to lose its six ...  Show more