The findings highlight growing pressures from regulation, operational challenges, and shifting deal activity that are reshaping the sector.

The research found that 96% of private debt managers anticipate consolidation over the next five years, with 72% expecting it to be significant. The survey covered 25 senior executives at private credit managers, collectively overseeing $196bn in assets.

“Many managers are still playing catch-up operationally, a dynamic that’s driven consolidation across the industry. As regulation intensifies and talent thins, outsourcing has become a strategic must.”

Des Fullam, Carne Group

Recent moves by large asset managers have underlined this trend. Des Fullam, chief regulatory and client solutions…

A mother who started online gambling with 20p saw her debts spiral to £65,000 in just over a year.

Emma McLeod’s gambling habit nearly caused her to lose her home, almost resulted in her son being removed from nursery when she stole his childcare payments, and placed a “big burden” on her parents.

Now, after being in recovery for six years, the 41-year-old works with Blackpool’s Empowerment charity helping problem gamblers.

‘Horrific’

Speaking to the BBC, McLeod explained: “It started with a 20p bingo book, then £10 every other day and within four to six weeks it was hundreds of pounds every day. I got into £65,000 of debt in 14 months. It was horrific.”

“I used to do the banking…

Mr. Kris Chantanotoke, Chief Executive Officer of the Siam Commercial Bank Public Company Limited (SCB), made a comment regarding the economic situation in Thailand and trend of commercial banks amid fast-pace digital transformation.

The CEO stated that the company can maintain and cap its non-performing loans (NPL) at about 3.31% despite facing the volatility in the Thai economy. Additionally, the company also plans to downsize its organization, closing the number of its current branches from 651 to about 500 branches.

The CEO also stated that ever since he was appointed to this position on August 1, 2022, his primary goals for SCB are to build highest confidence among the customer while turning the company to a leading wealth…

Financial authorities failed to act on allegations of fraud at the jeweller Vashi before the company collapsed with debts of £170 million ($230 million), The National can reveal.

John Ames, a senior manager based in London, told the Insolvency Service he believed investors were being shown wildly exaggerated sales figures and were falling for false claims that the “disrupter” jewellery company held huge stocks of diamonds.

The whistleblower’s warnings were made in May 2022 but ignored, and investors, many of whom are from the Middle East, subsequently invested millions into the jeweller. The company’s founder, Vashi Dominguez, disappeared as his firm was wound up in April 2023.

An investigation by The National first revealed a £200…

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There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

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