Rachel McGovern
A total of 25 banks failed the comprehensive assessment carried out the by the European Central Bank, new European Banking Authority and national regulators.
The New York-based asset manager reported solid results for the first nine months of 2014.
The private equity and credit firm will provide rescue financing via a loan package and equity capital for the Aussie-listed drill manufacturer.
P+L Systems will use most of the financing for a new European acquisition.
The credit line provides Alpha Insurance with fresh capital ahead of the industry’s new Solvency II capital requirements.
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Cheong, a new investment manager hired by Bowmark, joins from the debt team at DC Advisory.
Regulation loomed large again this week, as the Financial Stability Board announced new haircut requirements for repurchase operations between banks and non-banks. The moves shouldn’t have a big impact on most lenders in the private credit space, but it is another step by regulators towards more oversight of non-bank lenders.
The UK-based financial services private equity and credit firm has bought a portfolio of NPLs from Italy’s largest banking group.
Private equity-backed Trident University has signed a $35m leveraged loan with a Chicago-based debt fund.
Paris-based Access Capital Partners has made two promotions and a new hire after the first close of its latest fund.