In this article DBK-FF BNP-FR Follow your favorite stocks CREATE FREE ACCOUNT A screen is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. Andrew Kelly | Reuters A global finance watchdog is demanding national regulators better scrutinize private credit, warning that banks, asset managers, insurance and private equity firms are exposed to an assortm...
In this article DBK-FF BNP-FR Follow your favorite stocks CREATE FREE ACCOUNT A screen is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. Andrew Kelly | Reuters A global finance watchdog is demanding national regulators better scrutinize private credit, warning that banks, asset managers, insurance and private equity firms are exposed to an assortment of growing risks in the near $2 trillion sector. In a wide-ranging study published Wednesday, the Financial Stability Board said the industry's lack of standardized, transparent data, along with opaque valuation practices and complex funding structures and vehicles, is bringing vulnerabilities to broader markets. It comes amid growing jitters surrounding private credit in the U.S. — spanning software exposures , business development companies , and individual corporate blow-ups . The FSB — which is made up of central bankers, regulators and finance ministers from the G20 countries — sounded the alarm on the sector's increasing interconnectedness with banks, insurance companies and investment managers through bank credit lines, revolving facilities and strategic partnerships. The FSB's statistics showed $220 billion of drawn and undrawn credit lines from banks but commercial data suggested the amounts could be twice as large. While that's a relatively small share of banks' total CET1 capital, other linkages could heighten risks, the FSB said. watch now VIDEO 4:21 04:21 Private credit fears hang over Europe’s banks this earnings season Europe Early Edition "This includes riskier fund portfolio financing, banks providing revolving credit facilities to companies that are simultaneously borrowing from private credit funds, and private credit-focused partnerships between banks and asset managers becoming more common." 'Deteriorating credit conditions' The deep-dive report suggested that these links could amplify market stress, noting that the sector's high leverage, which is ...
US president pauses ‘Project Freedom’ to work on ‘final agreement’ with Tehran; stocks also ride high on AI euphoria Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Asian stock markets hit record highs, following in Wall Street’s footsteps, and oil prices retreated after Donald Trump hailed “great progress” towards a “final agreement” wit...
US president pauses ‘Project Freedom’ to work on ‘final agreement’ with Tehran; stocks also ride high on AI euphoria Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Asian stock markets hit record highs, following in Wall Street’s footsteps, and oil prices retreated after Donald Trump hailed “great progress” towards a “final agreement” with Tehran. on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally, the fact that Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran”. Investors bought and continue to add to positioning in the 2026 winners. There has been some buying in S&P 500 materials stocks, but it’s tech that continues to attract the bulk of flows, notably in Apple and the memory plays. 9am BST: Eurozone services and composite PMIs for April 9.30am BST: UK services and composite PMIs for April 1.15pm BST: US ADP employment change for April Continue reading...
The BBC’s Nawal Al-Maghafi has been piecing together what happened on 8 April 2026, after one of the deadliest chapters in the country’s recent history.
The BBC’s Nawal Al-Maghafi has been piecing together what happened on 8 April 2026, after one of the deadliest chapters in the country’s recent history.
Rush Street Interactive priced a secondary offering of 10M Class A shares at $26.00 per share, sold by trusts tied to Neil Bluhm, Richard Schwartz, and Mattias Stetz. The offering is expected to close on May 7, 2026. The underwriters will have a 30-day option to purchase up to an additional 1.5M shares of RSI’s Class A common stock from the selling stockholders. Upon completion of the offering, Ne...
Rush Street Interactive priced a secondary offering of 10M Class A shares at $26.00 per share, sold by trusts tied to Neil Bluhm, Richard Schwartz, and Mattias Stetz. The offering is expected to close on May 7, 2026. The underwriters will have a 30-day option to purchase up to an additional 1.5M shares of RSI’s Class A common stock from the selling stockholders. Upon completion of the offering, Neil Bluhm and trusts and other entities beneficially owned by him will continue to own over 40% of RSI’s stock, remaining RSI’s largest shareholder by a significant margin. The stock price slumped about 8.4% on Wednesday during market hours. More on Rush Street Interactive Rush Street Interactive, Inc. (RSI) Q1 2026 Earnings Call Transcript Rush Street Interactive, Inc. 2026 Q1 - Results - Earnings Call Presentation Rush Street Interactive: The Casino Strategy Is Working Rush Street Interactive launches 10M share secondary offering, plans buyback Rush Street rallies to an all-time high after strong earnings
A foundation set up by Chang Yung-fa , the late billionaire founder of Taiwan’s Evergreen shipping and aviation empire, said it will seek a share of his more than $3 billion estate, reigniting a long-running family dispute over the inheritance. The Chang Yung-fa Foundation said it recently learned that a portion of the estate has been transferred into the executors’ joint account, according to a s...
A foundation set up by Chang Yung-fa , the late billionaire founder of Taiwan’s Evergreen shipping and aviation empire, said it will seek a share of his more than $3 billion estate, reigniting a long-running family dispute over the inheritance. The Chang Yung-fa Foundation said it recently learned that a portion of the estate has been transferred into the executors’ joint account, according to a statement on its website Tuesday. The charitable entity “filed a ‘gift upon death lawsuit’ against the executors, seeking to use the assets to help more people in need and carry out his final wishes,” it said. The foundation did not specify the amount involved. The move marks the latest twist in a decade-long legal battle over Chang’s estate, with rival claims by heirs and the foundation competing to reshape how one of Taiwan’s largest family fortunes may ultimately be divided. Chang died in 2016 at the age of 88 with a fortune of at least $1 billion, according to the Bloomberg Billionaires Index, after building Evergreen Group from a single second-hand bulk carrier into a global shipping, aviation and hospitality empire. Read More: Chang Yung-fa, Taiwan’s Evergreen Group Founder, Dies at 88 (1) An inheritance battle erupted after Chang’s death. His will named youngest son Chang Kuo-wei as group leader and primary beneficiary to key assets. Within months, his three half-brothers moved to oust him from leadership roles and challenged the will in court, setting off years of litigation that culminated in a 2024 Supreme Court ruling upholding the will’s validity. After his father’s passing, Kuo-wei founded Starlux Airlines Co. , a rival to Evergreen Group’s Eva Airways Corp. Richard Lin, a lawyer for Chang Kuo-wei , said the estate’s distribution is already clearly set out and leaves no basis for a deathbed gift. The scion will defend his interests, he said. A gift upon death is a legal arrangement which becomes effective only after the donor’s death. The latest portion of the e...
(RTTNews) - Wolters Kluwer N.V. (WTKWY.PK), a Dutch provider of information, software, and services, reported Wednesday a 3 percent drop in first-quarter revenues, while adjusted operating profit and revenues increased in constant currencies. Further, the firm maintained fiscal 2
(RTTNews) - Wolters Kluwer N.V. (WTKWY.PK), a Dutch provider of information, software, and services, reported Wednesday a 3 percent drop in first-quarter revenues, while adjusted operating profit and revenues increased in constant currencies. Further, the firm maintained fiscal 2