Daily Private Credit Marks Called ‘Illusion’ After Apollo Move

Oct 15, 2026 | Markets, Private Credit, Private Markets

Monroe Capital’s Ted Koenig isn’t buying that private credit investments can be accurately valued every day. “Daily marks in illiquid private assets,” he said, “is an illusion of precision, not accuracy.” The comments come two weeks after Apollo Global Management Inc....

Banks Pull Back From Financing Australian Private Credit Funds

Oct 14, 2026 | Markets, Private Credit, Private Markets

Global banks are cooling on financing Australian private credit funds, threatening to squeeze an industry that’s already grappling with a property downturn, higher borrowing costs and regulatory scrutiny. Goldman Sachs Group Inc. and UBS Group AG are among lenders...

BofA Sheds $22 Billion in Value as Lapses Come to Light

Oct 14, 2026 | Markets

Bank of America Corp.’s biggest regulatory fine in the past decade is driving one of its worst earnings days in recent years. Issues with its money-laundering and sanctions controls culminated this week with $1.21 billion of fines — the biggest penalty ever levied by...

BlackRock Turns Bullish on Short-Term Bonds, Downgrades Stocks

Oct 12, 2026 | Markets

BlackRock Inc.’s research unit has turned more bullish US Treasuries, unwinding a “mainstay” underweight stance for most of the past six years, as yields climbed to the highest levels in more than two decades. The BlackRock Investment Institute upgraded short-term...

Saudi Airport Carnage Pressures Trump to Boost US Role in Yemen

Oct 12, 2026 | Markets

A barrage of drone and missile attacks on Saudi Arabia has intensified pressure on Washington to step up efforts to help its close ally battle Iran-backed Houthi militants in neighboring Yemen. The devastating Houthi strikes on Riyadh’s main airport over the weekend...