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The article explores Kyle, Texas, one of the fastest-growing cities in the U.S., which faces significant challenges due to extreme heat and limited water resources. Topics discussed include the city's rapid expansion and its impact on water scarcity, efforts to manage heat and water shortages, and the increasing strain on infrastructure and resources due to the population boom.

Corporate bond prices and issuance are recovering after a recent market downturn. The rebound in stocks has boosted corporate debt markets, leading to tighter credit spreads and increased investor confidence. Despite the recovery, bankers are advising caution and recommending that companies wait for the right window to issue debt. The recent debt sales from companies have helped reassure investors that the stock turmoil is a normal market downturn rather than the start of a prolonged slump. [Extracted from the article]

Private equity firms such as Apollo, Ares, Blackstone, and KKR are expanding into asset-based lending, targeting the U.S. consumer. This form of finance includes auto loans, credit cards, mortgages, and loans backed by equipment. If private funds continue to grow in asset-based finance as they did in corporate lending, it could reach $900 billion in the next few years. Private funds are hiring teams to distribute asset-based finance to their investment clients, and they are also partnering with insurance companies and using complex instruments to buy risk from banks. The trend is still in its early stages, and banks still provide the majority of loans. However, private funds hope to capture about one-quarter of the estimated $25 trillion to $40 trillion asset-based finance market. The regulatory response to private credit has been mixed, and there are concerns about the potential risks it poses to the financial system. [Extracted from the article]

At the start of the year, many European leveraged finance investors expected the record breaking issuance of 2006 to give way to a rebalancing of risk. They were soon proved [...]

Keywords: wsjfinance; wsjfinance-markets; Banking; Banking/Credit; Financial Services; Drug/Substance Use/Abuse; Political/General News; Society/Community; Mood Disorders; Health EN wsjfinance wsjfinance-markets Banking Banking/Credit Financial Services Drug/Substance Use/Abuse Political/General News Society/Community Mood Disorders Health N.PAG N.PAG 1 07/14/23 20230712 NES 230712 Demand has exploded for his practice, which treats traders, fund managers and bankers who battle mental-health problems When titans of finance get addicted to drugs and alcohol, they sometimes end up on the couch of Dr. Sam Glazer. Alcohol dependence is the most common condition Glazer treats, while widespread addiction to other substances ebbs and flows, he said. [Extracted from the article]

Keywords: wsjfinance; wsjfinance-markets; Banking; Commercial Banking; Banking/Credit; Financial Services; International Banks; Regulation/Government Policy; Regulatory Bodies; Corporate/Industrial News EN wsjfinance wsjfinance-markets Banking Commercial Banking Banking/Credit Financial Services International Banks Regulation/Government Policy Regulatory Bodies Corporate/Industrial News N.PAG N.PAG 1 03/24/23 20230321 NES 230321 Deal would write down more than $17 billion of the bank's riskiest bonds Graph: Credit Suisse is one of the largest issuers in the AT1 market. There are about $254 billion AT1 bonds outstanding and the securities are often banks' most actively traded bonds because of their large size, according to data from Lazard Frères Gestion. [Extracted from the article]

With Mexico's decoupling from Latin America becoming more pronounced, the country's corporate debt is finding its way back into a growing number of crossover portfolios. As a result, new paper [...]

Charles Ergen is using $EchoStar Corp. and DISH Network Corp., his two private firms, to acquire $800 million of loans and bonds in DBSD North America Inc. and TerreStar Networks Inc., two satellite companies that have gone to bankruptcy, in order to trade them for controlling interests and control of the broadband spectrum they have. In this he is competing with Phil Falcone and his Harbinger Capital L.P., who has built his own wireless network with a $3 billion investment.

Company cut earnings forecast by more than 60% weeks after borrowing $600 million from the banks' investment clients; audit committee says it is investigating a whistleblower letter. [Extracted from the article]