Ongoing armed conflict in Ukraine and Iran, Dimon wrote, have him concerned about an economic “skunk at the party.”
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Investors asked to yank 21.9% from Blue Owl’s $20 billion Credit Income Corp. fund between January and March.
The bank says it will increase access to capital, advice and training for 10 million small businesses, up from the 7 million it serves today.
Shares of major private-credit lenders are down significantly this year: Apollo has lost 26%, KKR 31%, Blackstone 30%, and Ares 35%.
BlackRock’s writedown of a $25 million loan is fueling concern that much larger defaults are lurking in private credit.
BNY says it works with 92% of the Fortune 100 companies and 94% of the top 100 investment managers worldwide.
Disclosures by two regional lenders last week set off a mini-panic about bad loans on the books of small and medium cap banks.
While the pain to building owners has been deep and long-lasting, the predictions of Office Armageddon are proving somewhat premature.
The bank downgraded JPMorgan, Goldman Sachs, and Bank of America, citing a classic case of macroeconomic uncertainty.
JPMorgan CEO Jamie Dimon and BlackRock CEO Larry Fink sounded off last week about higher deficit spending in the US.
The dollar decline comes just as a couple of other key US economic indicators have begun blinking red, too.
The bank’s CEO said clients can trade bitcoin, but remained outspoken about the dangers.
ISS, Glass Lewis face criticism from an oil giant engaged in a bitter proxy fight just as Congress renews scrutiny of advisory firms.
Advisors are calling for an economic slowdown. The million-dollar question is how hard it will hit.
Moody’s analysts predict, as of last week, that the private credit market will double to $3 trillion by 2028.
The leader of America’s largest bank also cautioned bullish optimists that US stock markets are overvalued.