Rise in credit card and other unsecured debt in S’pore even as card billings fall
The Straits Times Business News The growth in credit card debt contributed to an increase in personal loans. Go to Source 31/05/2024 – 12:04 / Twitter: @hoffeldtcom
Julius Baer CEO steps down, bank to exit private debt business and cut 250 jobs
The Straits Times Business News February 01, 2024 5:10 PMIt reported net credit losses of 586 million Swiss francs (S$910.3 million) Go to Source 01/02/2024 – 12:02 / Twitter: @hoffeldtcom
Credit Suisse shares slide 24%, trading halted after Saudi backer rules out further assistance
US Top News and Analysis Shares of embattled bank Credit Suisse hit another all-time low for a second consecutive day as the bank’s biggest backer says it can’t provide more financial help. Go to Source 15/03/2023 – 12:03 / Twitter: @hoffeldtcom
Adani Group says has secured $4 billion credit from sovereign wealth fund: Sources
The Straits Times Business News March 01, 2023 4:55 PMThe credit line from the unidentified sovereign wealth fund could be upsized to US$5 billion, said the sources. Go to Source 01/03/2023 – 12:02 / Twitter: @hoffeldtcom
Credit Suisse exits distressed-debt trading as bank cuts risk
The Straits Times Business News February 16, 2023 9:42 AMLONDON – Credit Suisse is exiting distressed debt and special-situations trading, as part of its broader exit from risky and capital-intensive businesses. Go to Source February 16, 2023 – 6:04 am / Twitter: @hoffeldtcom
Credit Suisse in talks to sell SPG assets to Apollo, Pimco
The Straits Times Business News October 27, 2022 9:44 AMNEW YORK – Credit Suisse Group, lining up the pieces of a sweeping overhaul, is in advanced talks with a group of investing giants including Apollo Global Management to sell at least part of its securitised products business, according to sources with knowledge of the matter. […]Continue reading