Weekly Reading List: Finance Articles 2025/11/17 ~ 23

Note:

• Some links might not link to the exact article that I read. This is because I read some articles in the print edition. The title of the same article is different in the online and print editions. So it’s difficult to find the exact article online unless I read its content, and that’s too time-consuming, so I don’t.

The Economist

• In defense of personal finance
• Crypto got everything it wanted. Now it’s sinking
• Recessions have become ultra-rare. That is storing up trouble

Financial Times

Note: I read the UK edition of the FT Digital Edition. I subscribe to the FT Digital Edition and cannot read articles on its regular web pages. So, I am not sure that the links below match exactly what I read.

• Investors face hefty losses as Blue Owl shuts exit on fund (11/17)
• Red flags at First Brands allowed savvy investors to avoid big losses (11/15)
  • bridging loan
  • open credit facility
  • letter of credit
  • inventory finance
  • repo transaction
• Top ECB official warns on stablecoin threat (11/19)
• DoJ probes businesses that borrowed $400mn from private credit giant HPS (11/18)
  • receivables
• The case for stablecoins has a dangerous Möbius strip logic (11/20)
• Walmart rings bell on battle of the bourses (11/22)
• Foreign investors snap up Japanese debt as yields surge (11/22)
• We should make insider trading a thing of the past (11/22)
• Blue Owl’s clever private-to-public deal makes investors see red (11/21)
• Blue Owl ends merger plan for its private credit funds (11/20)
• Private credit pushing reinsurers into riskier business, industry chiefs warn (11/21)

Hankyung (한경)

• Yuanta Securities issues 170 billion won in hybrid bonds.
  (유안타증권, 1700억 규모 신종자본증권 발행)
  • hybrid bond(신종자본증권)
• Insurance industry in ‘shock’ over claims ratio… “Boomerang” of cutthroat competition.
  (‘예실차 쇼크’ 빠진 보험업계…출혈경쟁 ‘부메랑’)
  • claims ratio
  • Contractual Service Margin(CSM, 보험계약마진)
  • K-ICS ratio(지급여력 비율)

Nikkei (日本経済新聞)

• ‘Magnificent 10’ futures to list in Chicago next month, adding three stocks to the ‘Magnificent 7.’
  (「マグ１０」先物　シカゴ上場　来月、「マグ７」に３銘柄追加)
• Disclosure of agreements with specific shareholders and financial covenants is expanding, covering over 200 companies due to mandatory reporting in asset securities reports, making investment decisions easier.
  (特定株主との契約や財務特約　有報義務化で開示広がる、２００社超に　投資判断しやすく)
  • asset securities reports(有価証券報告書)
  • covenants(コベナンツ)