December 05, 2022 | Daily Business Review
Watch Leveraged Loans as Canary in Credit Coal Mine, Traders SayFor most of this year, buying loans seemed like a smart bet, because they carry floating interest rates and pay higher yields as central banks tighten the money supply.
By Olivia Raimonde and Sebastian Boyd
5 minute read
October 03, 2008 | Daily Report Online
Global credit crisis threatens Latin American boomLatin America's fastest economic expansion in 30 years may be coming to an end as the global credit crunch stunts investment and squeezes demand for the region's commodities. ''We're in a serious economic crisis,'' Colombian Vice President Francisco Santos said in an interview in his Bogota office.
By Joshua Goodman and Sebastian Boyd
5 minute read
August 08, 2008 | Daily Report Online
Henry the Great Paulson copies Frederick on bond planIn 1769, short of funds to rebuild Prussia after attacks by Russia, Sweden and Austria, Frederick the Great let aristocrats, churches and monasteries raise money by pledging their estates as security to investors. From those beginnings emerged what today is Europe's $3 trillion market for covered bonds-securities backed by assets such as mortgages as well as the seller's promise to pay.
By Sebastian Boyd and Jody Shenn
7 minute read
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