Worldcrunch
A week of record highs flipped to panic with new China tariff talk, exposing fragile nerves as experts warn that a fast growing $2.2 trillion private credit market with light oversight, risky PIK structures, and bank and insurer exposure could turn the next shock into a chain reaction.
Is capitalism coming to Kim Jong-un’s North Korea? According to South Korean daily Chosun Ilbo, North Koreans who got rich thanks to state-backed monopolies are being encouraged by the regime to open small banks across the capital in a bid to boost the free economy. Some of the money-lenders even have installed ATMs, though these […]
China’s investments and loans in Latin America ensure the flow of raw matericals to China and products back to the American continent. The lender has the long view in this formula.
For Renaud Laplanche, it all began with a credit card statement that seemed all wrong. Now, after helping to bring banking into the digital era, it’s time for a major IPO for his SF-based firm.