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Long seen as adversaries, banks and private credit lenders are getting used to working together
Fahy will also lead asset-based finance origination
Direct lending default rates tick higher amid notable distressed situations
A Swiss borrower has already closed books and Austria's Egger will soon
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Credit fund manager appoints Ross Curran as head of responsible investing -
Direct lenders are shedding mainstream protections but they should look at other options
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Barings has hired Magnus Lilja, SEB's head of leveraged finance for Germany, as a managing director for European private finance in Frankfurt.
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Banks are staffing up to capitalise on fintech opportunities
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Italian companies, accustomed to playing lenders off against each other, are looking for alternatives
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Alternative lender spies opportunity in undervalued commercial real estate
