Credit

Asset managers are selling loans to individuals at high returns, but risks abound in this less-liquid market, experts warn.

Unsecured personal lending has fallen as many consumers have stashed away cash and paid down credit card balances during the pandemic. The trend probably won’t reverse course anytime soon.

The Democrats’ presumptive presidential nominee called for a public credit reporting agency and for the Postal Service to offer financial services, among other proposals issued through a unity task force with Bernie Sanders. But analysts suggest the recommendations are more about electoral politics than pushing for real reforms.

The central bank is now the third largest holder of the $54 billion iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).

Asset managers are targeting massive amounts of capital to benefit from credit market stress as the coronavirus leaves many companies in need of support.

The firm expects a second wave of opportunities, particularly in commercial mortgage-backed securities and collateralized loan obligations.

Its prediction that business conditions will remain weak this year — and into next year — stands in stark contrast to forecasts from political leaders that the economy will rebound quickly from the coronavirus pandemic.

Though hopeful for a second-half bounceback in the economy, JPMorgan Chase is prepared for 20% unemployment, lackluster GDP and losses in its loan portfolio that could reach tens of billions of dollars.

Direct lenders, including hedge funds and buyout firms, are prepared to spend billions to lure borrowers away from the $1.2 trillion leveraged loan market.

The leading TAMP partnered with an exchange to offer advisors access to prequalified loans for clients.

The document further complicates an ongoing lawsuit that has already led to lost revenues at the leading turn-key asset management platform.

The firm plans to focus on raising money for products that lock up capital for several years, according to people with knowledge of the matter.

The JPMorgan chief executive said he couldn't understand why Wells Fargo could have CEO Tim Sloan step down without a successor ready to go.

The hiring will “reflect the changing nature of fund management,” a company spokeswoman said.

The firm scaled back its investment bank after the financial crisis to reduce risk and focus on its large wealth-management business.

While these locations may pose challenges for lenders, they are more accessible to buyers.

Western states dominated the top five slots on the list.

Three funds tracking the debt products attracted a combined $2.3 billion in one week.

The iShares fund reported $4.36 billion in new money as yield rose and the Federal Reserve prepares to shrink its balance sheet.

The $814 billion Beijing-based investment firm has more than a third of its portfolio in alternative assets.