The market has reached the stage of mania, says Jeffrey Gundlach, founder of DoubleLine Capital, an investor. Of particular concern is the situation in the private credit market, which he says could cause the next major financial crisis. What assets does he advise investors to protect their capital?

The "bond king" has named the cause of the next crisis. What does he advise to invest in?

Zions Bancorporation, National Association

The legendary investor on the early signs of overheating in the private credit market, cycles of carelessness and why mistakes are made at the best of times

'It's not a judgment': why Howard Marks isn't afraid of 'cockroaches' in the debt market

Former top managers of Tinkoff raised $200 mln through equity investments and debt instruments, built a bank in the Philippines and within 2 years became one of the five largest retail lenders in this country. In an interview with Oninvest editorial director Elena Tofanyuk, Salmon co-founder Georgy Chesakov described how to launch a neobank where there are no credit histories, scoring and financial literacy.

Between stool and TikTok: How former Tinkoff tops are building fintech in the Philippines


Consumer Portfolio Services, Inc.

Zacks Small-Cap Research (Zacks SCR) has slashed its target price for Consumer Portfolio Services (CPS), a smaller specialty finance company <a href="https://finance.yahoo.com/news/cps-announces-first-quarter-2025-200000392.html#:~:text=Consumer%20Portfolio%20Services%2C%20Inc.%20%E2%80%94%20%D0%BD%D0%B5%D0%B7%D0%B0%D0%B2%D0%B8%D1%81%D0%B8%D0%BC%D0%B0%D1%8F,%D0%B2%20%D1%82%D0%B5%D1%87%D0%B5%D0%BD%D0%B8%D0%B5%20%D0%B8%D1%85%20%D1%81%D1%80%D0%BE%D0%BA%D0%B0%20%D0%B4%D0%B5%D0%B9%D1%81%D1%82%D0%B2%D0%B8%D1%8F.">operating</a> in the auto loan market, by almost 17% after it posted disappointing first-quarter financials: EPS missed Zacks’ expectations by a third.

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