The industry is taking advantage of banks’ newfound interest in offloading some of the consumer debt on their books.
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The total reflects big banks’ increasing use of alternative financial institutions that are using the funds for riskier bets.
There were plenty of business losers in 2024, but only one for whom the sky was literally falling. In short: Boeing had a bad year.
Luxury brands were riding the subway instead of lounging in limos this year, though a couple of brands were able to buck the trend.
As the dealmaking environment improved in 2024 thanks to the bull market and interest-rate cuts, investment bankers reaped a windfall.