Excess Spread — Mucky business, where’s WALy, welcome to winter

Private credit can’t have the best of both worlds anymore

One silver lining of the recent turbulence in private credit should be that people come to understand capital markets better.

LatAm Weekly — The stakes are high for Raízen’s restructuring

Forged docs, double-pledging and misappropriation of funds… MFS allegations pile up

Court documents obtained by 9fin shed new light on the schemes allegedly used by Paresh Raja, the director of collapsed UK bridging lender Market Financial Solutions, to defraud institutional and high-net-worth funders — including loans to companies secretly controlled by Raja, forged loan documents, and double-pledged collateral.

Asia weekly — Bond yields spike on crude, China keeps primary busy

US IG Wrap — Amazon, Salesforce, Airbnb, Honeywell drive record breaking week

Excess Spread — Vibes v code, CAULIFLOWER

9fin | The investment banks exposed to MFS aren’t saying much, but institutions that weren’t have some stories. Asif Godall, formerly CIO of Cairn Capital (Polus), latterly head of EMEA markets at Mizuho, gave a long account of his engagement with MFS.