Tag: Default (finance)

BusinessFintech

Australian Banking Sector Faces Scrutiny Over Inadequate Hardship Response Systems

Australian financial institutions are facing renewed criticism for allegedly failing to properly respond to customer hardship requests. According to regulatory data, nearly 2,900 complaints were filed regarding unaddressed assistance pleas during 2024-25.

Banking Hardship Response Failures Worsen Despite Regulatory Pressure

Australian banks are reportedly failing to adequately respond to a growing number of financial hardship requests from struggling customers, according to exclusive data from the country’s financial watchdog. Sources indicate that automated systems have generated generic responses that fail to account for individual circumstances, while some institutions allegedly provide no response at all.

by Emma Langford
BusinessEconomy

Leveraged Loan Market Faces Scrutiny Following Major Corporate Defaults

The sudden bankruptcy of First Brands Group has triggered warnings about systemic risks in the leveraged loan market. Analysts suggest hurried due diligence and aggressive CLO growth may be masking underlying credit problems that could impact the broader economy.

Market Tremors After Major Corporate Failure

Investors in the $2 trillion leveraged loan market are sounding alarms after the abrupt collapse of First Brands Group, with sources indicating this could signal broader troubles in credit markets. According to reports, the manufacturer’s rapid bankruptcy just weeks after subprime auto lender Tricolor’s failure has raised concerns that these may not be isolated incidents.

by Ava Winslow