Ex-Credit Suisse bankers are shaking up the US$1.3 trillion CLO market

Ex-Credit Suisse bankers are shaking up the US$1.3 trillion CLO market
(Image: Bloomberg)
Bloomberg
By Lisa Lee and Carmen Arroyo(Bloomberg) -- A crowd of large global banks is starting to muscle in on the lucrative business of arranging collateralised loan obligations, another sign that life is returning to this crucial US$1.3 trillion (NZ$2.1t) corner of corporate finance.Credit Suisse used to be a big arranger of collateralised loan obligations (CLOs) – vehicles that buy junk-rated company loans, bundle them together, and sell them as bonds. But the Swiss lender’s demise has opened the door to a raft of new contenders, inc...

More Bloomberg

China floods the world with AI models after DeepSeek’s success
Technology

China floods the world with AI models after DeepSeek’s success

Long-dormant Chinese tech sector now fired up, and Western rivals may pay the price.

Bloomberg 29 Mar 2025
Thailand plans to cut tourists’ visa-free stays to 30 days
Travel

Thailand plans to cut tourists’ visa-free stays to 30 days

Govt cracking down on travellers exploiting the waiver to engage in illegal businesses.

Bloomberg 23 Mar 2025
Fears for 1,000 wind projects as German election nears
Energy

Fears for 1,000 wind projects as German election nears

Expansion of energy source is at risk of a drastic slowdown, industry group says.

Bloomberg 01 Feb 2025
UK burying Thatcher’s privatisation legacy
Policy Opinion

UK burying Thatcher’s privatisation legacy

Experience with privatised public services has soured.

Bloomberg 04 Jan 2025