Bloomberg A group of former Credit Suisse Group AG staff, led by Australian investment banker John Wylie, has started an Asia-Pacific credit investment fund to take advantage of banks reining in lending. Tanarra Credit Partners has raised more than A$285 million ($216 million) for its Asia-Pacific Fund I, which will invest in senior and mezzanine debt, and is targeting as …

Bloomberg It may well be the lowest interest rate ever set on the riskiest bank debt, and investors wanted seven times as much as was offered. Nordea Bank AB’s issuance of so-called additional Tier 1 notes, which act much like equity if a lender gets into trouble, got a good deal of attention this week as it became clear the …

Bloomberg A new assault by Chinese authorities on the country’s cash micro-lenders threatens to stymie any new listings in New York, as regulators in Beijing escalate their campaign to reduce risks in China’s $40 trillion financial-services sector. According to the International Financial News, China plans to purge the country’s 157 online micro-lenders, leaving only large state-owned companies and the biggest …