Clarissa Bronfman News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In the realm of personal finance, debt is largely viewed as a necessary evil, one that should be kept to a minimum. But with interest rates at record lows and many assets appreciating in value, it’s one of the most important pieces of the billionaire toolkit and one of the hottest parts of private banking. Thanks to the Bronfmans, Howards and Sverdlovs of the world, the biggest U.S. investment banks reported a sizable jump in the value of loans they’ve extended to their richest clients, driven mainly by demand for asset-backed debt. Morgan Stanley’s tailored and securities-based lending portfolio approached $76 billion last quarter, a 43% increase from a year earlier. Bank of America Corp. reported a $67 billion balance of such loans, up more than 20% year-over-year, while loans at Citigroup’s private bank including but not limited to securities-backed loans rose 17%. Appetite for such credit was the primary driver of the 21% bump in average loans at JPMorgan’s asse

Clarissa bronfmanPhilippe laffontAlan howardDamien hirstDiego riveraDenis sverdlovJpmorgan chase coCitigroup incCoatue managementகிளாரிசா ப்ரான்ஃப்மேன்ஆலன் ஹோவர்ட்டேமியன் ஹர்ஸ்ட்டியாகோ ரிவேராஜுப்ம்ொர்கண் துரத்து இணைசிட்டி குழுமம் இன்க்கோட் மேலாண்மை