UK Banks Expect Corporate Loan Availability To Shrink Most Since Early 2008: BoE

UK lenders expect the availability loans to the corporate sector to fall in the next three months to end-November, at the fastest rate since early 2008, survey data from the Bank of England showed on Thursday. Bank expect the availability of credit provided to the corporate sector to fall 13.5 percent in the next three months, which is the worst decline since the first quarter of 2008, when they forecast a 30.7 percent slump, data from the Credit Conditions Survey showed. Lenders expect the availability of secured credit for households…

WeWork: Fund managers waiting out high-profile unicorn IPOs after string of flops

NEW YORK: A deep disconnect between private market valuations of companies and the prices their shares fetch on the open market is pushing more mutual fund managers to the sidelines during high profile IPOs, anticipating the newly listed stocks will inevitably fall. The war over what a company is worth comes as a generation of Silicon Valley darlings exit the insulated world of venture capital, where investors are more focused on a company’s growth and potential, and enter the public markets, where fund managers and analysts put a premium on…