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UBS to Move Bankers, Traders to Credit Suisse’s New York OfficesUBS Group AG plans to house its investment-banking and trading operations in Credit Suisse’s New York offices as the Swiss banking giant continues to integrate its former rival.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
UBS Cuts About a Dozen US Bankers as Part of Its Credit Suisse IntegrationUBS Group AG this week eliminated about a dozen jobs in its US investment bank as part of its integration of Credit Suisse, according to people with knowledge of the matter.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Banks Rush to Gain Foothold in $1.5 Trillion Private Credit MarketBanks are increasingly muscling in on the $1.5 trillion private credit market in a move that further blurs the lines between private-lending funds and their traditional banking rivals.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
China Property Jumps to Top Credit Risk in Bank of America Global SurveyChinese real estate is now seen as the number one source for the next global credit event among investors surveyed by Bank of America Corp., even as President Xi Jinping’s government rolls out stimulus measures to stabilize the world’s second-largest economy’s ailing property sector.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
How student loan pause impacted credit scoresMillions of Americans are going to start repaying their student loans in October. Equifax Risk Advisory Leader Tom Aliff notes that during the deferral period, there was some improvement in credit scores because borrowers could use that money to pay down other debts. Aliff also notes that stimulus payments provided borrowers with a bit of a buffer to pay down some bills too. Aliff says 'the greatest impact to a credit score is definitely going to be payment history,' however, with delinquency reporting being delayed, credit scores won't necessarily see an immediate impact from a late payment. Click here to watch more of Yahoo Finance's special coverage 'Student Loans: Smarter Strategies.'
Source: YahooFinanceCA - 🏆 47. / 63 Read more »