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Tuesday Headlines: SEC probes ratings agency behind private-credit boom
By Matt Stichnoth,
Financial Times: SEC questions ratings issued by agency behind private credit boom
Bloomberg: Ares Limits Private Credit Fund Withdrawals as Redemptions Surge
Bloomberg: Apollo Caps Private Credit Fund Withdrawals as Requests Jump
CNBC.com: Moody’s cuts rating on private credit fund run by KKR and Future Standard to junk as bad loans grow
Wall Street Journal: Big Banks Are Playing Both Sides of the Private-Credit Meltdown
Reuters: BMO to launch tokenized cash platform with CME and Google Cloud
Financial Times: Japan’s SMFG explores possible takeover of Jefferies
New York Times: Young Graduates Face the Grimmest Job Market in Years
New York Post: ‘Mall King’ David Simon dead at 64 after cancer battle
Bloomberg: JPMorgan Offers Clients a New Way to Hedge AI Debt Risk
Yahoo Finance: How the Fed has—and hasn’t—responded to previous oil price shocks
Wall Street Journal: America’s Chief Financial Officers Say AI Is Coming for Admin Jobs
New York Post: Kalshi, Polymarket announce anti-insider trading rules as senators move to ban sports betting on prediction markets
Financial Times: Revolut profits surge to record £1.7bn as it wins more customers