defaults

Defaults on leveraged loans are rising as the BoE warns of the ‘challenges’ of private equity

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Stay informed with free updates Simply log in to the Private assets myFT Digest – delivered straight to your inbox. Defaults on loans to risky borrowers, a lifeline for private equity-owned firms, have risen by 250 percent, according to the Bank of England, which warned that the sector “faces challenges in the higher interest rate … Read more

Starling takes legal action against debtors amid defaults and FCA investigation

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Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Starling Bank is pursuing several debtors who never showed signs of active trading, while the fintech that relied on government-backed Covid-19 loans faces rising defaults and an investigation into its financial crime controls. Since May, … Read more