Private Credit Stress Brings Anxiety and Opportunity to Milken bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
New York Community Bancorp slashed its dividend flagging $798 million in credit loss provisions. Japanese lender Aozora later warned of similar issues.
Interest-rate hikes may be peaking in Europe, but for the consumers, companies and governments that borrowed trillions of euros during the era of ultra-low borrowing costs, there’s still plenty of pain in store. Through the end of this decade, borrowers across the continent face repayment on a mountain of debt…
(Bloomberg) Interest-rate hikes may be peaking in Europe, but for the consumers, companies and governments that borrowed trillions of euros during the era of ultra-low borrowing costs, there’s still plenty of pain in store.Through the end of this decade, borrowers across the continent face repayment on a mountain of debt sold when financing costs were many times lower. Although the adjustment is painful in many places, including the US, it’s a particular shock in Europe, where interest rates