U.S. and European small and medium-sized (SME) firms may be next to feel the pain of rapid interest rate rises, with analysts and investors warily watching for the impact of tighter credit conditions exacerbated by recent banking turmoil.
Apollo Global Management Inc has been telling investors and analysts in the last few days that its reinsurance business Athene does not face the risk of a run on its annuities akin to how deposits fled some U.S. regional banks.
China spent $240 billion bailing out 22 developing countries between 2008 and 2021, as more have struggled to repay loans spent building "Belt & Road" infrastructure, according to a study.