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Regulators spent the last few years demanding that banks, crypto exchanges, and fintech apps collect face scans, ID photos, and biometric templates from every customer.
When Wells Fargo told the fintech Bilt that it would no longer be the lender for its rent-rewards credit card, Bilt scrambled to find another large bank partner. When that failed, Bilt wound up with private-credit funding.
Cross-border repos are roughly a third of the $13 trillion market. Half of bilateral repo is cross-border. A quarter of bilateral repo is foreign-currency-denominated - and almost all of that is cross-border.
I've been saying this for months: despite "experts" just sounding the alarm moments ago: the private credit unwind that started months ago and has now spiraled into a very real liability for the economy wasn't some unknowable tail risk lurkin
Howard Marks, Oaktree Capital Management, L.P.'s CEO, just published a timely memo on what's happening in private credit.
...and annuity company portfolios.
'Tokenisation' has been the word on everyone's lips for a few years now. Referring to the representation of assets on blockchains, it promises instant, cheaper settlement, greater efficiency and improved liquidity management.
"…The fund is paying out less than a third of what investors asked for, capping withdrawals at 5%, which means investors who asked to redeem an estimated $750 million only received about $240 million…"
Treasury Secretary Scott Bessent and Federal Reserve Chairman Jerome Powell convened the session at Treasury headquarters in Washington, DC on Tuesday to address Mythos, a new model from AI giant Anthropic.
For months the industry has been debating why.
It doesn't really matter because the point is the same
Cliffwater's Corporate Lending Fund (CCLFX) had $921M in shares of Barings Private Credit Corp as of 9/30/25.
JPMorgan Chase boss has warned that losses for lenders to highly indebted companies will be higher than many expect because of weakening lending standards, as concerns grow around the health of the $1.8tn private credit industry.
JPMorgan CEO Jamie Dimon began his annual shareholder letter on Monday by tying the bank's legacy to the nation's history: "In 2026, America is celebrating its 250th anniversary. This year, we are also celebrating the 227th anniversary of JPMorgan Ch
Many investors assume a listed credit vehicle is broadly aligned with them: if shareholders do well, the manager does too. But that is not how most BDCs are built.
You know what we aren't hearing much about yet? - Quality of loans on the books of private credit lenders.
Private credit reporting has been so universally bad that it makes me wonder if financial reporters are purposely hiding the ball or don't really understand what they are reporting on.
Investors are hedging against corporate defaults at a record pace: Trading volume in the world's largest credit default swap (CDS) indexes surged +69% in Q1 2026, to $4.5 trillion, the highest on record.
Blue Owl Redemptions Explode: The Squeeze is on
In this episode, I sit down with precious metals expert Micah Haince to break down what the war with Iran has done to silver, gold, and the dollar, and whether the chaos is being used to fast-track a financial reset and usher in a CBDC beast system.
We're starting to see some scary sh*t in private credit.
Blue Owl Gates After Shocking 41% Of OTIC Investors Ask For Their Money
Markets hate uncertainty, and war is uncertainty with missiles.
The Dutch Finance Ministry informed members of Parliament in a letter on Monday about "unauthorized access" to several of its banking systems, including the digital portal for treasury banking.
As Bloomberg noted on Friday: "Almost nothing in their standard defensive toolkit has worked to stall the declines. At least three of the four asset classes at the core of a diversified portfolio have fallen in unison for four straight weeks, matchin
This is exactly what happened right before SVB collapsed in 2023
Not rounding errors. Not methodology differences. LYING.
...informing investors that they may not have access to their funds for up to three years.
Sometimes it helps to get beaten down by the system early so that lessons can be learned and strategies formed.
Another hour, another fund suspending redemptions. This one, a real estate fund.
