Private credit
- Opinion
- Opinion
Private credit’s ‘naked swimmers’ are surfacing
The private credit sector is experiencing a rush of redemptions that has led to comparisons with the sub-prime mortgage crisis in 2008. Can it sink the financial system?
- Stephen Bartholomeusz
Latest
I can smell another financial crash coming, says former Goldman Sachs chief
Lloyd Blankfein, who led Goldman Sachs through the 2008 financial crisis, says the world is “due for a kind of reckoning”.
- Todd Gillespie and Sridhar Natarajan
- Opinion
- Sharemarket
‘People doing dumb things’: Wall Street boss Jamie Dimon warns of AI frenzy
The JPMorgan Chase CEO thinks the impact of artificial intelligence on software companies might be the trigger for a wave of loan defaults, and sees parallels to the GFC.
- Stephen Bartholomeusz
- Exclusive
- NSW
The many lives of the mysterious businessman trying to build his own town in NSW
As receivers move in on Peter Crown’s $150 million property empire, questions are raised about how much his lenders knew about the enigmatic entrepreneur. Not much, as it turns out.
- Lucy Macken
Fresh warning to a $200 billion industry loaded with danger
Corporate cop Joe Longo says capital markets are the “lifeblood” of the economy and ASIC wants them to grow, but emerging risks needed attention.
- Clancy Yeates
- Opinion
- World markets
The $4.6 trillion market that has watchdogs nervous
The failure of two little-known US companies has raised questions about a booming yet opaque part of finance, in which most of us are invested in via super.
- Clancy Yeates
- Opinion
- Private banking
‘Cockroach’ warning by America’s top banker sparks fears about the financial system
A recent spate of corporate failures has raised concerns of a financial bubble created by non-bank lenders.
- Stephen Bartholomeusz
Warning to DIY super funds over booming $200 billion sector
Investors are piling into the private credit market to fill the gap left by banks, but a new report warns the funds are concentrated in higher risk lending.
- Clancy Yeates
- Exclusive
- Property development
‘Legacy project’: New private school, hospital and uni plans hang by a thread
Before receivers descended on tech entrepreneur Peter Crown’s Berrima property empire he had some fairly grand plans that included flipping much of it, and proposing a technology park called Silicon Highlands.
- Lucy Macken
- Exclusive
- Investigation
The cautionary tale of the man who borrowed $120m with interest rates of up to 72 per cent
Peter Crown’s property play for one of the largest land holdings in the Southern Highlands offers a lesson in what can go right - and wrong - amid a boom in private credit.
- Lucy Macken