More pain is coming in private credit as defaults ramp up, creating "significant" risks, according to Morgan Stanley. The ...
Investors are offloading software loans in debt vehicles at a discount, in the latest sign of pain in the software industry, ...
In June 2023, the Bank of Ghana named 97 unlicensed loan apps operating illegally. By July, a joint taskforce had arrested over 420 operators. By 2025, complaints had risen 65%. The crackdown is real.
Morgan Stanley sees a coming wave of direct lending defaults in private credit, driven largely by AI's disruptive effects on the software sector.