 | | | | Insurers want to put more money into private equity this year as they contend with rising inflation and its effects on monetary policy, a survey by Goldman Sachs Asset Management showed on Monday. | | | | | | Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did not plan to pay out on the policies and would "vigorously defend" itself against any legal claims. | | | | | | JPMorgan has warned that the combination of Russia's war in Ukraine and China's ongoing property crash could see the worst wave of corporate defaults since the global financial crisis. | | | | | | The European Union said on Monday it has widened access for U.S. exchanges and clearing houses to investors in the bloc, a move which contrasts with Brussels' intention to shut off clearing houses in London in 2025. | | | | | | When buyout firm Thoma Bravo LLC was seeking lenders to finance its acquisition of business software company Anaplan Inc last month, it skipped banks and went directly to private equity lenders including Blackstone Inc and Apollo Global Management Inc . Within eight days, Thoma Bravo secured a $2.6 billion loan based partly on annual recurring revenue, one of the largest of its kind, and announced the $10.7 billion buyout. The Anaplan deal was the latest example of what capital market insiders see as the growing clout of private equity firms' lending arms in financing leveraged buyouts, particularly of technology companies. | | | | | | Australian venture capital firm Square Peg is raising $550 million to expand its commitment to back startups in its key markets of Australia and Israel, with a growing focus on Southeast Asia's booming tech markets. | | | | | | Closing arguments are set to begin on Monday in the U.S. trial of a former Goldman Sachs banker accused of helping loot hundreds of millions of dollars from Malaysia's 1MDB development fund. | | | | | | JPMorgan boss Jamie Dimon warned on Monday that the bank could lose about $1 billion on its Russia exposure, the first time it has detailed the extent of its potential losses resulting from the conflict in Ukraine. | | | | | | Jamie Dimon, CEO of JPMorgan Chase & Co , published his closely watched annual letter to shareholders on Monday, covering critical issues including the war in Ukraine, the energy crisis, sanctions, inflation and interest rates. | | | | | | U.S. two-year Treasury yields climbed to their highest level since early 2019 on Monday, continuing to push higher on expectations that the Federal Reserve will deliver bigger rate hikes in the months ahead to tame inflation. | | | | | |
