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SDNY Prosecutors Looking At Valuation Discrepancies In Private Credit Market
SDNY Prosecutors Looking At Valuation Discrepancies In Private Credit Market
In a move that is long overdue, Jay Clayton, the US attorney for the Southern District of New York, said his office is looking at possible valuation discrepancies in the private credit marketplace.
Wall Street’s top prosecutor addressed the issue Wednesday while speaking at the Bloomberg Global Credit Forum in New York.
Clayton said the difference between the price at which assets are marked on one balance sheet versus others was at the heart of blowups at First Brands Group, Tricolor Holdings and...
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Tropical Storm Edouard Takes Aim At America's Largest Refinery Hub
Tropical Storm Edouard Takes Aim At America's Largest Refinery Hub
The National Hurricane Center has issued a hurricane watch for parts of the Texas and Louisiana coasts as Tropical Storm Edouard strengthens in the Gulf of America and tracks directly toward one of America's most critical refining and LNG corridors.
Edouard was approximately 90 miles southeast of Port Arthur, Texas, early Tuesday, with maximum sustained winds of 40 mph, according to the latest NHC update. The storm is expected to make landfall near the Texas-Louisiana border later Tuesday and could approach...
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Jul 20, 2026 / Kyle Anzalone
Ansar Allah Imposes Blockade on Saudi Shipping in Red Sea
Ansar Allah announced that Yemen will begin preventing Saudi ships from transiting the Bab al-Mandab Strait. Riyadh has relied on its Red Sea ports to export oil following Iran’s closure of the Strait of Hormuz. On Monday, the Yemeni Armed Forces said it was imposing the blockade in response to Saudi’s blockade of Yemen and […]
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