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Barclays Sells $1.1 Billion US Credit Card Debt to Blackstone to Boost Lending Capacity

Private Equity Insights

billion worth of credit card debt in the US to private equity firm Blackstone , to expand its lending capacity and reduce balance sheet risk. Barclays Bank Delaware (BBDE) has signed the agreement with insurance accounts managed by Blackstone’s asset-based finance group, to sell the credit card debt.

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These 2 Dow Stocks Are Set to Soar in 2024 and Beyond

The Motley Fool

defaulting on its debt. The company is leveraging cutting-edge generative AI technology in Copilot to automate and manage diverse business tasks. Visa has managed to differentiate itself from the competition based on its extensive global payment network , which includes 130 million merchants and nearly 14,500 financial institutions.

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Carvana's Bet on Debt Restructuring

The Motley Fool

How debt restructuring sent shares of Carvana up 30%. Now, loans don't move as quickly as assets do, obviously because that's how leverage works, but I would suggest that there may be more pain than it is really hard to contemplate why there would be such a disparity between the two. The debt is more expensive.

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Dechert adds fund finance Partner in London

Private Equity Wire

Dechert LLP has appointed Anthony Lombardi as a fund finance partner in London to help expand its fund leverage capacity across asset classes, including private equity funds, hedge funds and private credit funds, and bolster its presence in Europe.

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Here's Why You Should Avoid Your Bank's Chatbot

The Motley Fool

Image source: Getty Images Technology is transforming the way we interact and conduct our day-to-day activities, including our financial transactions. More and more financial institutions are adopting this innovation every day. As such, it is essential that financial institutions exercise caution when utilizing this technology.

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Forget Bank of America; Buy This Magnificent Bank Stock Instead

The Motley Fool

trillion, Bank of America is undoubtedly one of the largest financial institutions out there. This company went from focusing solely on refinancing student debt to now becoming a full-on digital banking powerhouse. With a market cap approaching $300 billion and total assets on the balance sheet of $3.3

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HSBC builds team for global private credit push

Private Equity Wire

UK-based bank and financial services group HSBC Holdings is putting together a team to tap its relationships with mid-sized companies across the globe to expand its brokering, arranging and financing of private debt deals, according to a report by Bloomberg.