Santander UK has warned that macroeconomic challenges in the United Kingdom could impact credit quality. In its 2022 results announced on Thursday (Feb. 2), Santander UK revealed that it put aside 321 million pounds last year to cover potential defaults, compared with 233 million pounds...
The Bank of England (BoE) has reported an increase in small businesses defaulting on loans. In the findings of a survey of lenders in the U.K., the BoE found that default rates across most forms of lending remained stable in Q4 2022. The one exception,...
Corporates across China have reached a record high for loan defaults in 2019, according to a Financial Times report from Thursday (Dec. 26). Corporate defaults spiked to about $18.6 billion this year, up from $17.44 billion last year, new data from Bloomberg found. Reports also...
China’s $9.1 trillion shadow banking industry is on the decline, which has led to a rise in private corporate defaults. The country’s regulators have gotten tough on the shadow banking market in recent years. As a result, outstanding loans in the sector fell to ¥61.3...
April 18, 2018
There is hardly a more difficult conversation to be had, CreditRiskMonitor CEO Jerry Flum told Karen Webster in a recent conversation, than the one the finance guys have with a sales guy about why they can’t approve shipping out a big order to a big buyer – especially if that buyer has a long-term relationship with the supplier. It is, nonetheless, a conversation that more and […]
September 27, 2023
Leveraged loans were a popular method of financing during the pandemic. Now, with interest rates set to stay high, they’ve turned into a major headache, The Wall Street Journal reported Wednesday (Sept. 27). According to that report — which cites the ratings firm Fitch — close to $270 billion of leveraged loans have weak credit profiles […]
February 02, 2023
Santander UK has warned that macroeconomic challenges in the United Kingdom could impact credit quality. In its 2022 results announced on Thursday (Feb. 2), Santander UK revealed that it put...
January 20, 2023
The Bank of England (BoE) has reported an increase in small businesses defaulting on loans. In the findings of a survey of lenders in the U.K., the BoE found that...
