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The interventionist approach of the US government in forcing Anthropic to pull cutting edge model should worry Europeans
I thought the grass would be greener in fintech land, but it’s patchy and dreary
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Investcorp said on Tuesday it had raised a new €318m loan fund to acquire "high performing loans at discounted levels" from large cap issuers in the European market. The fund will be leveraged and aim for returns in the mid teens. -
UniCredit has appointed a new head of non-investment grade syndicate, after Carlo Fontana was promoted to global head of syndicate in March.
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The US Office of the Comptroller of the Currency (OCC) is urging local officials to ease their Covid-19 lockdown measures, warning that some banks are now suffering delinquency rates in the mid-double digits on their small business loan books.
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The People’s Bank of China said it will buy Rmb400bn ($56bn) of inclusive loans given by banks to small and micro enterprises. The move can spur the country’s lenders to boost new lending to small businesses by as much as Rmb1tr.
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Moody’s Investors Service downgraded the government of India to Baa3 from Baa2 on Monday, triggering bonds from the country to widen in the secondary market.
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The Financial Conduct Authority expects that a court case determining whether UK insurers have to pay out on business interruption claims as a result of Covid-19 will be settled by the end of July.
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