Private credit market reports few ripples from Signa fallout
Add BT as a preferred source
Joan Ng
JULIUS Baer’s decision to exit the private debt business is unlikely to prompt similar moves across the financial sector. But, market watchers said that greater caution is inevitable as the impact of Signa’s collapse continues to unfold.
Private debt products may face greater scrutiny, and lending rates may rise. Focus may also shift to new markets.
When European luxury property group Signa filed for administration late last year, Julius Baer was among the banks flagged for exposure. There are reportedly over 100 others, not including various insurers and asset managers.
TRENDING NOW
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
Employers want AI-fluent employees. Hiring them is the challenge
