Bank of America Jumps On Record Equity Trading Revenue, Net Interest Income Forecast Increase, Offset By FICC Miss

Blackstone's Flagship Private Credit Fund, World's Largest, Posts First Monthly Loss Since 2022 It only took a constant barrage of negative news surrounding the private credit space, including a surge in redemptions, investor gating, questions about loan markets as well as outright fraud, not to mention relentless criticism from of some of the biggest luminaries in credit, including Saba's Boaz Weinstein and Diameter's Scott Goodwin, for Blackstone to concede that its private credit book may have been mismarked. According to Bloomberg, Blackstone's flagship private credit fund - and the world's largest...

Data Shows Where ICE Has Been More Effective... And Why Last week, The Wall Street Journal reported that President Donald Trump “is seeking to lower the profile of his mass deportation effort, and has directed his top advisers to adopt a new approach on one of his central campaign promises.” According to the report, Trump has had conversations with his top advisors and First Lady Melania Trump in which he’s indicated that he’s “become convinced that some of his administration’s deportation policies have gone too far, and voters don’t like the...

Ukrainian President Volodymyr Zelensky said he was asked by some allied nations to halt attacks on Russian oil infrastructure amid the US and Israeli war against Iran. The Middle East conflict has resulted in damage to energy infrastructure in a number of countries, and Tehran has closed the Strait of Hormuz.  Speaking with reporters via […]