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A slow destruction of misallocated investment is more likely than a sudden stop
LBO financing includes $5.75bn term loan to be priced early next week
Investors eye 2028, 2031, 2032 as big years for loan maturities
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CEO’s plan to disband the bank’s institutional securities group leaves a skills gap and raises questions about the universal model at the heart of its investment banking business -
The Swiss bank posted the biggest quarterly profit on record thanks to an accounting gain related to its acquisition of Credit Suisse, but weak performance at its former rival hints at a long road back to growth
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Ronnie Jaber, co-head of Onex Credit, in an interview with GlobalCapital
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KBRA says delinquency was up by 23bp in August, on the heels of July's 34bp increase
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