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The Federal Reserve Bank of New York's Center for Microeconomic Data recently released concerning data on credit card delinquency, particularly among millennials. According to the report, while baby boomers, Gen X, and Gen Z credit card delinquency rates remain unchanged, millennials are experiencing a surge in delinquency, reaching pre-pandemic levels...

As the economic landscape continues to evolve, Wall Street banks are divided on their predictions for the Federal Reserve's interest rate policy in 2024. UBS Group AG and Morgan Stanley anticipate more aggressive rate cuts, citing concerns about falling inflation and a lagging economy, while Goldman Sachs takes a more moderate stance...

In the face of challenges in the private equity fundraising landscape, French buyout group PAI Partners has successfully closed its latest fund, PAI Europe VIII, raising an impressive $7.59 billion. This exceeded the company's initial target and stands as a testament to investor confidence in PAI's Real Economy strategy and its consistent performance throughout economic cycles...

Finance and Investing is pleased to announce The Top 25 CFOs of Iowa for 2023. Known throughout the world as America's heartland, Iowa is a favorable destination for businesses and the executives who run them. The state, which was named after the Native American Ioway people who once inhabited the region, has long been the heart of U.S. food production and continues to grow its role as a producer for the world, exporting $18 billion worth of goods in 2022...

Federal Reserve Chair Jerome Powell's recent remarks at an IMF meeting in Washington, DC, reflected the central bank's commitment to addressing inflation concerns. Powell acknowledged the uncertainty surrounding the achievement of the 2% inflation goal, emphasizing the potential need for further interest rate hikes to tighten policy...

In the ever-evolving landscape of global finance, 2023 brings forth a dynamic interplay between investors, cash funds, and the shifting currents of bond markets. According to the Bank of America (BoFA) and EPFR, an anticipated $1.3 trillion is poised to find its way into cash funds over the course of the year, signaling a strategic move by investors seeking stability amid market uncertainties...

It was revealed that activist investor Elliott Investment Management has acquired a stake of over $1 billion in BioMarin Pharmaceutical, a California-based biotech company specializing in the treatment of rare and hereditary disorders. The investment comes at a pivotal moment for BioMarin, coinciding with a leadership change as Chairman and CEO Jean-Jacques Bienaimé prepares to retire on December 1, with Alexander Hardy set to take the helm as the new President and CEO...

Swiss banking giant UBS has made a significant move by resuming the issuance of Additional Tier 1 (AT1) notes, marking its first foray into this controversial financial instrument since the tumultuous Credit Suisse bailout. According to reports from the LSEG news service IFR, UBS is currently in the process of selling two tranches of U.S. dollar-denominated AT1 bonds. The offerings consist of a non-call five-year tranche with a yield of 10% and a non-call 10-year tranche offering a yield of approximately 10.125%. Notably, non-call bonds pay out solely at maturity...

In a significant move towards addressing global challenges and promoting sustainable development, leading investment firm KKR recently closed its $2.8 billion Global Impact Fund II ("GIF II"). The fund, succeeding its predecessor, is designed to invest in companies whose products and services contribute to advancing the United Nations Sustainable Development Goals (SDGs)...

In the face of regional banking crises and economic instability, a recent study by decision analytics business Morning Consult reveals a surprising trend: customer trust in financial institutions has remained remarkably stable. The study indicates that 66% and 65% of U.S. adults continue to trust banks and credit unions, respectively, showcasing a resilience in consumer confidence despite recent challenges...