Insurers’ $158 Billion CLO Bet Is Putting the Industry at Risk July 31, 2020 By Katherine Chiglinsky They’ve been billed as a solution to the rock-bottom interest rates weighing down the returns of America’s asset managers. Collateralized...
Dangers of Booming Securitized Loan Market Highlighted by Bank for Int’l Settlements September 23, 2019 By Saikat Chatterjee Lending standards in the rapidly growing loan market are deteriorating and complex financial products that mask risks to banks have...
Regulators Warn But Slow to Fix Blind Spots on Rising Risky Corporate Debt June 11, 2019 By Sally Bakewell and Thomas Beardsworth The steady drumbeat of warnings over the surge in risky corporate borrowing is growing louder and louder. Time and again,...
Federal Reserve Again Warns About Increase in High-Risk Company Debt May 7, 2019 By Jesse Hamilton and Craig Torres The Federal Reserve escalated its warnings about the perils ofleveraged loan Monday, saying firms with the worst credit profiles are...
AIG Arranges First CLO Deal Since Financial Crisis December 12, 2018 By Andrew G. Simpson American International Group Inc. has returned to the red-hot collateralized loan obligation market as an asset manager with its first...
Concerned Bankers, Investors Warn Federal Reserve About Leveraged Credit Market November 28, 2018 By Jonathan Spicer and Howard Schneider Bankers, executives and investors are warning Federal Reserve officials behind closed doors that record leveraged lending to companies from lightly-regulated...
CLO Fever: Small Insurer Bets Big on Booming Leveraged Loan Market November 27, 2018 By Sally Bakewell Advantage Insurance of San Juan, Puerto Rico, is no one’s idea of a financial colossus. But this little insurance company...