What Caused the Collapse of Silicon Valley Bank?

Iran has been exporting more oil through the Strait of Hormuz over the past week than it was before the US and Israel launched the war against the Islamic Republic on February 28, The Wall Street Journal has reported. The report cited data from Kpler, a tanker-tracking firm, which found that since February 28, seven […]

'I Did Not Have Relations With That Man, Jeffrey Epstein': Bill Clinton Tries Ol' Lewinsky Trick On American Public Former President Bill Clinton on Friday told lawmakers that he had no clue about crimes carried out by Jeffrey Epstein, the late sex offender who visited the Clinton White House at least 17 times while Bill was president, before letting Clinton fly on the 'Lolita Express' dozens of times.  "I saw nothing, and I did nothing wrong," Clinton said in a statement prepared for a closed-door deposition in Chappaqua, New York. "I know...

Private Credit Firesale Begins: World's Largest Asset Manager Gates Investors In $26 Billion Fund Three weeks ago, when the largest US Private Credit-focused asset manager Blue Owl, was faced with a flood of redemptions due to its outsized exposure to software loans (which are very rapidly being repriced to zero thanks to the disruption from AI), the firm opted against reinstating quarterly redemptions on a retail fund and decided to return investor capital through assets sales instead (effectively also freezing the money in it and gating investors ) announcing a massive...