Credit crunch
- Analysis
- Companies
Australia’s $1.8b bankruptcy case might be a taste of things to come
The collapse of the pub empire owned by playboy entrepreneur Jon Adgemis offers a glimpse of the massive risks for investors caught up in the opaque world of private credit.
- Colin Kruger
Latest
- Analysis
- Private equity
The next financial bubble is hidden in the shadows. Is it about to pop?
It’s not a soaring gold price or the crazy sharemarket valuations of anything connected to artificial intelligence that will push financial markets over the edge. It’s the murky world of shadow banking.
- Matthew Lynn
‘What’s going on here?’: ASIC probes fast-growing private debt markets
The head of Australia’s corporate regulator wants more visibility when it comes to the private credit market, where companies go if the banks won’t lend.
- Millie Muroi
‘The only avenue left’: Buy now, pay later used for food, bills
New research has found Australians are increasingly using buy now, pay later products for their essentials.
- Anna Patty
- Opinion
- Federal Reserve
US bank woes could help spark a global credit crunch
The Federal Reserve Board has warned of a tightening supply of credit that could undermine global growth and send asset prices lower around the world.
- Stephen Bartholomeusz
- Opinion
- Opinion
‘It’s spooky’: Half of America’s banks are already insolvent
There’s $13.5 trillion uninsured deposits in the US banking system. Such deposits can vanish in an afternoon in the cyber age.
- Ambrose Evans-Pritchard
- Opinion
- Inside China
China’s response to bank protests hints at a wider problem
China’s financial stresses are bubbling to the surface, with a heavy-handed response by the authorities to protests at the weekend by bank depositors whose funds have been frozen since April.
- Stephen Bartholomeusz
- Opinion
- World markets
Great unknown: Markets brace for turmoil as the Fed unwinds its 14-year experiment
The Fed didn’t just raise US interest rates with its biggest hike since 1994. It also made another move that is set to put vulnerable markets under more stress.
- Stephen Bartholomeusz
- Opinion
- Bonds
The world’s riskiest debt sector is booming
There’s something quite perverse and disconcerting about seeing banks and other institutions flooding into the riskiest segment of debt markets as investors elsewhere start to head for the exits.
- Stephen Bartholomeusz
- Opinion
- Global economy
Does China know something the rest of the world doesn’t?
China’s change to its monetary policy has raised questions about just how concerned it is about its slowing economy.
- Stephen Bartholomeusz