Who’s the real cockroach: bankers, lawyers or private equity?
Wall Street firms are pointing fingers over credit issues, with tensions boiling over at Altice USA
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Europe is also at risk from credit cockroaches
Lenders should brace for US-style legal action over acting in co-operation over debt restructuring
Kirkland & Ellis quits as counsel to Altice USA amid Wall Street pressure
Investors including Apollo and Ares had been upset by an antitrust lawsuit
Year in a word: cockroaches
Jamie Dimon’s deft summary of the bankruptcies that have rattled finance
BofA pitches bets against European private credit
US bank told clients that European stocks exposed to private credit had 30 per cent ‘downside risk’
Private capital titans convene in London
Plus, bumper earnings for Wall Street banks and how a chipmaker got seized by the Dutch government
Altice USA accuses creditors of forming ‘illegal cartel’
Defendants who own large chunks of $26bn distressed debt pile include Apollo, Ares, BlackRock and Oaktree