Scott Carpenter

Reporter at Bloomberg News. I write about how mortgages, car loans, credit card debt, etc, get packaged into bonds. 347-703-7241 (Signal)

[Scott Carpenter @ScottJourno]

@mu2myoc Hey m., I'm a reporter at Bloomberg, writing about syndications. Would love to chat. Give me a call sometime. My cell is 347-703-7241

[Paula Seligson @PSeligson]

A lawsuit that went unnoticed for years is getting attention after a US appeals court asked the SEC to weigh in on whether leveraged loans should be regulated more like bonds. By @ScottJourno @LisaLeereporter and me. https://t.co/MVC0wSUt49 #levfin

[Paula Seligson @PSeligson]

TO THE LEVERAGED LOAN MARKET -- I know there's a lot going on, but you're going to want to pay attention to this: https://t.co/LiNjRGChSj By @ScottJourno @BobVanVoris #levfin #leveragedloans #leveragedfinance Anyone have any thoughts? DM me!

[Javier Blas @JavierBlas]

This is the time of the year when Shell publishes its annual tax contribution report (this time, the 2021 edition) -- showing how **35** employees (yes, thirty five) make every year $500-plus million in tax-free profits in the Bahamas, via a little-known oil trading outfit.

[K. Oanh Ha @oanhha]

If you've tossed plastic Amazon shipping envelopes into the recycling bin, there's a chance it might end up in a dump site in India and being burned in an industrial furnace. I followed the 7,000 mile journey of America's plastic waste to India.

https://t.co/rMxvSydCSp

[Scott Carpenter @ScottJourno]

"That’s not $1 trillion of total revenue, it’s pure profit."

As tech and crypto suffer setbacks, this great story is a reminder that the post-GFC era has barely slowed the banking juggernaut.

https://t.co/95f1zC7OBR #banking @GoldmanSachs @JPMorgan @maxabelson @hannahlevitt

[Lucy Kellaway @lucykellaway]

Just about to do Christmas mass with my students in North East. Here is what I’ve written about my first term teaching here https://t.co/yQ3iCMIFlR

[Scott Carpenter @ScottJourno]

Watch out for falling loan prices.

Among the details in this story: Last week S&P downgraded Aventiv Technologies, which provides phone service to prison inmates, by one notch to CCC+. One of its loans fell from 84 to 77 cents in hours.

https://t.co/vuvtwQ2pq7 #finance

[Gurwinder @G_S_Bhogal]

There are over a billion websites on the internet, yet most people never use more than a dozen.

Here are 10 little-known websites that give you superpowers.

Thread:

[Scott Carpenter @ScottJourno]

"The U.S. bill would create a baseball-style arbitration process similar to Australia’s, enabling smaller publishers to negotiate for compensation when technology giants such as Facebook and Google use their content.

https://t.co/MbdVXcqYpF #news #tech #media

[Carmen Arroyo @ArroyoNieto]

NEW: at least one US bank is back in the market buying some CLOs. With @LisaLeereporter

[Carmen Arroyo @ArroyoNieto]

Today, on CLOs by @ScottJourno

As interest rates rise, so are concerns about the credit quality of the floating-rate debt that backs the $1.2 trillion market for collateralized loan obligations.
https://t.co/IBqlOz3FYE via @markets

[Carmen Arroyo @ArroyoNieto]

Today, on CLOS:

Prices for the highest-rated bonds backed by leveraged loans are creeping higher in trading markets, signaling that at least some investors are snatching up securities they see as cheap, and the debt may rally further. w/ @ScottJourno

https://t.co/URqa1jwjzH

[Steve Matthews @SteveMatthews12]

The idea that independent boards of directors decide on executive pay is kind of an open sham, not just at Tesla but everywhere: Elon Musk got a $55 billion pay package after telling a director what he wanted. https://t.co/oNvelSEpKV via @ScottJourno @business $TSLA

[Scott Carpenter @ScottJourno]

The largest executive-pay package in US corporate history was born in a text message from Elon Musk.

That's among the details revealed in a lawsuit against Musk and Tesla's board at the heart of a trial this week.

https://t.co/4wyIv5obQY @elonmusk #Tesla #TwitterTakeover

[Paula Seligson @PSeligson]

Subprime auto loan borrowers are increasingly falling behind on payments, and the value of used cars is dropping, two trends that are clobbering bonds tied to the debt. By @ScottJourno @ArroyoNieto https://t.co/pznBxbjGgi

[Simon Casey @sjcasey]

Some US oil and gas companies are relying on a new kind of bond to get the financing they need https://t.co/LML43XnUMs via @ScottJourno

[Scott Carpenter @ScottJourno]

Banks are starting to lend less money to oil and gas projects. So some oil and gas companies are side-stepping banks altogether, pledging income from their oil wells in exchange for up-front cash from investors. #Oil #ESG

https://t.co/tlMNSP8j3k

[Scott Carpenter @ScottJourno]

Latest for @business: Bonds sold to help US utilities recoup losses from natural disasters are experiencing a surge in sales, particularly after the deadly February 2021 winter storm that paralyzed Texas.

https://t.co/ST6Hr9RjeS #ClimateCrisis #bonds

[Carmen Arroyo @ArroyoNieto]

Today, we have a story on how Wall Street is expecting a commercial mortgage bond slowdown as real estate M&A activity drops.

w/ @ScottJourno & edits @Taryana_Odayar More on @TheTerminal