Private credit is big and getting bigger. The practice whereby companies borrow directly from specialised funds, bypassing ...

I n 2020, when BBVA and Sabadell abandoned merger discussions, it was difficult to find investors with anything positive to say about European banks. A decade of near-zero interest rates, stiff ...

This proportion falls to 6 per cent over 10 years. Twenty years ago Huw van Steenis forecast that investors would gravitate towards passive funds for cheap benchmark performance, and to specialist ...

Some of this was both predictable and predicted. Almost exactly 20 years ago, Huw van Steenis, then head of the global financial research team at Morgan Stanley, came up with his “barbell ...

Some of this was both predictable and predicted. Almost exactly 20 years ago, Huw van Steenis, then head of the global financial research team at Morgan Stanley, came up with his “barbell ...

Some of this was both predictable and predicted. Almost exactly 20 years ago, Huw van Steenis, then head of the global financial research team at Morgan Stanley, came up with his “barbell ...

The Semiconductor Index surged 9.9%, more than recovering from last week's 9.2% drubbing. The earnings picture was mixed. Alphabet and Microsoft, of course, knocked it out of the park. The Bank of ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The author is vice-chair at Oliver Wyman Private credit firms have enjoyed a “golden moment”, as ...