Private-Credit Firms Clamp Down on Loan Sweeteners in Fear of 'Shadow Defaults'
Borrowers have delayed interest payments on billions of dollars of loans, raising concerns that defaults are higher than reported.
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Insurance Risks Remain High as Wildfire Threat Rises, Swiss Re Institute Says
Wildfire risk is the fastest-growing weather peril globally, according to the insurer, which added that estimated natural-catastrophe losses fell sharply in the first half of the year.
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America's Mortgage King Lost $600 Million and Needed a Rescue
Billionaire Mat Ishbia was in trouble after a failed takeover and mistimed bets on interest rates.
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Reserve Bank of Australia Holds Rates Steady but Remains Worried About Inflation
Australia's central bank continued to warn that inflation remains too high, especially against the backdrop of war in the Middle East.
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RBA Governor's Hawkish Tone Could Be a Slow Burn for Markets
Gov. Michele Bullock appeared determined to challenge the view in money markets that the Australian central bank is done raising rates after three increases earlier this year.
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Morgan Stanley to Facilitate $1.5 Trillion in Infrastructure Initiative
The company said the initiative would support clients building and scaling companies, technologies and infrastructure central to the economic and national security of the U.S.
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Private-Markets ETFs for Ordinary Savers See Big Flows from Institutions
Funds offering Main Street investors access to private markets are instead being used by professional money managers-in some cases, for access to hot IPOs.
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Revolut Secures French Banking License to Expand European Operations
Europe's most valuable startup is pushing to expand its banking products and services and is seeking regulatory approvals to enter new markets elsewhere.
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Indonesia Names Destry Damayanti as Sole Candidate to Lead Central Bank
Indonesian President Prabowo Subianto has nominated acting Bank Indonesia Gov. Destry Damayanti as the sole candidate to lead the central bank.
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U.S. Regulator Rejects Dutch Fintech Bunq's Banking License Application
They cited supervisory and compliance concerns, adding that Bunq's application didn't clearly explain how the company would have sufficient capital in the U.S.
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Financial Services Roundup: Market Talk
Find insight on BNP Paribas, Plus500, St. James's Place and more in the latest Market Talks covering financial services.
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Private Credit Is Under Growing Strain, Despite Industry's Upbeat Tone
Default rates are hitting recent highs, and internal reviews of loan health point to tougher times ahead, a WSJ analysis shows.
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If You Get in a Car Crash, the Risk Is Growing Your Insurance Won't Pay
Auto insurers didn't pay out on 45% of auto liability and medical claims they resolved last year, according to a Wall Street Journal analysis.
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How Liquid Are Private-Credit Funds? It Depends How You Define 'Liquidity'
Private-credit managers report the metric differently, with some using aggressive math to project strength.