Finance

Come new year, and Diageo, the UK-based alcohol giant, will toast the arrival of Sir Dave Lewis, its new CEO. After the abrupt departure of Debra Crew in July, Diageo board members looked for the rare candidate who could revive the maker of Guinness beer, Johnnie Walker whisky, Don Julio …

As the global business landscape grows riskier, the product is no longer just a ‘nice to have.’ Perils can include terrorism, currency inconvertibility, forced divestiture, and expropriation. It’s pricey. It takes several months to iron out the intricate policy details. And it usually requires a broker able to weave together …

Grayscale Investments, a crypto-focused asset manager, has filed an S-1 registration form with the US Securities and Exchange Commission for a proposed initial public offering (IPO). The company will offer an undisclosed number of Class A shares and list them on the New York Stock Exchange. The IPO is subject …

BAC Credomatic has announced plans to purchase Panama’s Multibank, potentially making it the largest bank in Central America by market share. Through BAC Holding International Corp. (BIC), the purchase is subject to approval by the respective banks’ directors, shareholders and regulatory authorities. BIC would look to buy 99.7% of Multi …

Saudi Arabia’s November pledge to invest nearly $1 trillion into the US economy brought positive statements from executives representing key sectors expected to benefit. But the promise also raised questions about real—as opposed to headline—commitment, the kingdom’s financial capacity, regulatory and geopolitical risk, and its human rights record.  In a …

The AI research firm OpenAI is collaborating with Stripe to launch Instant Checkout, a facility that authorizes single-item purchases via ChatGPT. ChatGPT Plus, Pro, and Free users can purchase items directly from Etsy sellers and Shopify merchants, including cosmetics firm Glossier and clothing brands SKIMS and Spanx. The longer-term aspirations …

Three major Emirati institutions are betting that India’s banks and nonbanking financial companies (NBFCs) will bring the country’s financial sector into the global spotlight in 2025. In October, Dubai-based Emirates NBD Bank (ENBD) PJSC—the UAE’s second-largest lender—agreed to acquire a 60% controlling stake in India’s RBL Bank Ltd. through a …

Russia’s invasion of Ukraine has profoundly altered how Europe conceives of war. Gone are the days when a handful of defense conglomerates waited on ministers to greenlight billion-euro programs before daring to manufacture. Amid uncertainty about US military support, leaders in Germany and other states have recognized they need to …

As the United States and China escalate their tariff standoff, Japan’s electronics industry is reconfiguring its global production footprint to minimize exposure to geopolitical risks. Leading component makers, such as Murata and TDK, are shifting manufacturing to Southeast Asia and Mexico. At the same time, Tokyo Electron plans to expand …

Home Private Credit Private Credit: 5 Key FAQs Private credit has grown into a major force in corporate finance, serving as an alternative to traditional banks. From senior, cash-flow-based direct lending to mezzanine, venture, distressed, and asset-based finance, proponents argue that these more tailored solutions give companies flexibility, speed, and …