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Banks Sell Loans to Private Credit in Balance Sheet Twist

(Bloomberg) -- For years, Barclays Plc struggled with what to do about its US credit-card business. It was a cash generator, cranking out a steady stream of revenue, and yet it was costly to run because of the way regulators force banks to set aside capital as a buffer against losses.Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesThe Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entir
United Kingdom United States Michael Zawadzki Randy Paine Aneek Mamik Kevin Alexander
Source: yahoo.com

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Atalaya Closes Eighth Special Opportunities Fund at $1.8B Hard Cap - News

Atalaya Capital Management announced the completion of fundraising for its eighth Special Opportunities Fund (“ASOF VIII”). The oversubscribed fund closed with $1.8 billion of commitments given significant support from both new and existing partnerships with investors. These partners include public and corporate pensions, endowments, foundations...
Ivan Zinn Opportunities Fund Atalaya Capital Management Special Opportunities Fund Chief Investment

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