Taking the Credit — BDC withdrawals ease competition in Europe

AI warning signs, Part Two — It’s IPO o’clock, do you know where your credit returns are?

Europe IG Wrap — New issue market on fire ahead of ECB rate rise

LatAm Weekly — Early winners and losers in LatAm as World Cup kicks off

Asia weekly — Shapoorji trims refi, seeks relief extension

US IG Wrap — Is the peace rally on? Data center supply never sleeps, Citi joins the party

Excess Spread — Pontiffs and Pontification

His Holiness Pope Leo XIV sadly didn’t take time out of a busy schedule that included the blessing of the Sagrada Familia (which now has its final tower) to attend any of the parties or sessions at FT Live’s Global ABS event this week. Rumours that he’d been booked as a keynote turned out to be unfounded, leaving Mohamed El-Erian, former Pimco boss, and Lord Mark Sedwill, former UK cabinet secretary, to fill in instead.