Morgan Stanley restricts redemptions at private credit fund after withdrawals surge

Mar 11, 2026 | Markets, Private Credit

Wall Street banking giant Morgan Stanley (MS.N) has limited redemptions at one of its private credit funds after investors sought to withdraw almost 11% of shares outstanding, a ​regulatory filing showed on Wednesday. A flurry of bad news following several credit...

BofA commits $25 billion to private credit deals, memo shows

Feb 19, 2026 | Markets, Private Credit

Bank of America is committing $25 billion to private credit deals, according to an internal memo seen by Reuters on Thursday, as the Wall Street giant prepares a war chest to further its advance in the lucrative slice of finance. Traditional banks such as BofA have...

Banks warn consumers will be hurt by Trump’s 10% cap on credit card interest rates

Jan 12, 2026 | Markets

Summary Banks argue cap would limit credit access, harm economy Financial groups warn cap could lead to higher fees, reduced rewards Trump’s proposal lacks details, may need congressional action Subprime borrowers face hardest impact from proposed cap...

Elon Musk’s Grok AI floods X with sexualized photos of women and minors

Jan 3, 2026 | Markets

Summary Elon Musk’s Grok is generating sexualized images of women and minors Politicians in France ask prosecutors to investigate; India demands answers Experts have long warned Grok owner xAI about potential misuses of AI-generated content Julie Yukari, a...

Electric aircraft maker Beta Technologies raises over $1 billion in US IPO

Nov 3, 2025 | Markets

Electric aircraft maker Beta Technologies has raised $1.01 billion in its U.S. initial public offering on Monday, pricing its shares above its indicated range and underscoring the strong pipeline of new listings in the resurgent IPO market. The Vermont-based company...