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Wall Street's stealth lending boom, primarily driven by the rise of private markets and multi-strategy hedge funds, is emerging from the shadows as it faces increased scrutiny and falling interest rates. This lending activity, known as FICC Financing, has been a booming business for big investment banks, particularly Goldman Sachs, although it has been largely hidden within their bond trading arms. Few banks report numbers for FICC Financing.
The secular rise of private markets and multi-strategy hedge funds have driven a lending boom for Wall Street too, although that hasn't been obvious because it's buried in the bond trading arms of big investment banks. This is FICC Financing @opinion https://t.co/xLwGncXKIp https://t.co/t5anXSIBOB
OPINION – Is India the new China for investment banks? Not when it comes to fees A reality check from @ghose77 for banks betting on India "Banks got paid 2.43% in fees for money raised via ECM for Chinese issuers, and just 0.83% for those from India" https://t.co/ctz1X8fEzp https://t.co/j6uFEId7VV
Wall Street’s stealth lending boom is coming out of the shadows only as it runs out of steam, writes @PaulJDavies https://t.co/c7mF0b9GOE via @opinion
