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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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Mar 23, 2026 / Tyler Durden
Quad Amputee Cornhole Pro Accused Of Murder, Tesla Getaway
Quad Amputee Cornhole Pro Accused Of Murder, Tesla Getaway
A quad-amputee professional cornhole player has been accused of shooting a man in Maryland before driving off in his Tesla with the corpse, or dying guy (unclear), leaving everyone stumped.
NEW: Quadruple amputee professional cornhole player accused of murdering someone before driving off in his Tesla.
Dayton Webber, 27, who has no arms & legs and was featured on ESPN, is accused of shooting 27-year-old Bradrick Michael Wells during an argument.
"Police say Webber… pic.twitter.com/5J1UNoQccB
— Collin Rugg (@CollinRugg) March 23, 2026
"It’s early in the...
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Mar 20, 2026 / Tyler Durden
Chokepoint Madness: Iran Refuses Hormuz Talks As Houthis Threaten Red Sea Strait
Chokepoint Madness: Iran Refuses Hormuz Talks As Houthis Threaten Red Sea Strait
Summary
Oil rises on news of a second massive Marine deployment toward Gulf in a week, as Trump calls NATO a 'paper tiger'.
IRGC contradicts Bibi: says missile production is ongoing, is of "no concern" - even as IRGC spokesman Ali Mohammad Naeini is reported killed.
Energy war ongoing: Major sites damaged across the region - Haifa refinery hit, Qatar LNG output cut 17%, Kuwait facilities ablaze.
Kharg Island escalation looms: Trump admin weighing seizure of Kharg Island to reopen Hormuz; Thousands...
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Mar 27, 2026 / Tyler Durden
Someone Tell Lloyd Blankfein The Fire In Private Credit Has Already Started
Someone Tell Lloyd Blankfein The Fire In Private Credit Has Already Started
Submitted by QTR's Fringe Finance
As I’ve been writing about, private credit has been under immense stress for months, with liquidity strains, redemption pressure, and growing questions around valuations all surfacing at once. And now with things on the verge of imminent collapse and literally all of f*cking Wall Street already on notice, one former major banking CEO has decided to offer up the King Solomon-like revelation that he believes things could get worse from here.
But, obviously, what he doesn’t realize...
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