Wells Fargo Misses Lending Estimate, Sending Shares Plunging

Apr 14, 2026 | Markets

Wells Fargo & Co. fell short across its primary income streams in the first quarter, pushing shares down as the bank reworks its business mix in a bid to accelerate growth. Net interest income, the difference between what the company makes from lending and pays...

China’s Petrochemical Producers Idle Capacity as Margins Crumble

Apr 14, 2026 | Markets

China’s petrochemical producers, which supply textile and plastics factories, have cut operations to their lowest seasonal level in three years as rising feedstock costs and soft export demand squeezes margins. Several major makers of purified terephthalic acid —...

Banks Tally $100 Billion of Private-Credit Loans as Calm Urged

Apr 14, 2026 | Markets, Private Credit

Wall Street banks reported at least $100 billion of exposure to private-credit firms, offering a glimpse at what has become a closely watched industry with many investors on edge over credit quality and the growing impact of artificial intelligence. Wells Fargo &...

Investors Brace for Economic Growth Shock, BofA Survey Shows

Apr 14, 2026 | Markets

Global investors grappling with the fallout from the Iran war have slashed their expectations for economic growth by the most in four years, according to the latest Bank of America Corp. survey of fund managers. Expectations for inflation, meanwhile are at an almost...

BlackRock’s Asia Private Credit Fund Sees China Borrower Default

Apr 13, 2026 | Markets, Private Credit

A BlackRock Inc. private credit fund in Asia has suffered the first default by a borrower in its portfolio after a Chinese company failed to repay a loan, according to people familiar with the matter. The delinquency occurred on April 1, after Metcold Holdings Ltd., a...