The private credit sector is experiencing a rush of redemptions that has led to comparisons with the sub-prime mortgage crisis in 2008. Can it sink the financial system?
Lloyd Blankfein,who led Goldman Sachs through the 2008 financial crisis,says the world is “due for a kind of reckoning”.
The JPMorgan Chase CEO thinks the impact of artificial intelligence on software companies might be the trigger for a wave of loan defaults,and sees parallels to the GFC.
As receivers move in on Peter Crown’s $150 million property empire,questions are raised about how much his lenders knew about the enigmatic entrepreneur. Not much,as it turns out.
Corporate cop Joe Longo says capital markets are the “lifeblood” of the economy and ASIC wants them to grow,but emerging risks needed attention.
The failure of two little-known US companies has raised questions about a booming yet opaque part of finance,in which most of us are invested in via super.
A recent spate of corporate failures has raised concerns of a financial bubble created by non-bank lenders.
Investors are piling into the private credit market to fill the gap left by banks,but a new report warns the funds are concentrated in higher risk lending.
Before receivers descended on tech entrepreneur Peter Crown’s Berrima property empire he had some fairly grand plans that included flipping much of it,and proposing a technology park called Silicon Highlands.
Peter Crown’s property play for one of the largest land holdings in the Southern Highlands offers a lesson in what can go right - and wrong - amid a boom in private credit.