News Topics: Banking

Blackstone closed a $10 billion opportunistic credit fund, hitting the fund’s hard cap even as the private credit industry struggles to stem an outflow of capital driven by investor worries.

The JPMorgan CEO puts the mini-panic in financial markets in useful perspective.

Redemption requests at managers like Blue Owl and Cliffwater are triggering a domino effect among funds.

Find insight on private credit, speculation markets, mortgage payments and more in the latest Market Talks covering financial services.

Potential losses from loans to private-credit funds aren’t the only concern.

The digital bank is closing down its operations in the U.S. in order to focus on growing its business in the U.K. and across Europe.

The Stoxx 600 Europe Banks index was down around 7% for the year, threatening to turn the tide on a three-year run.

Mastercard, Visa, PayPal and Stripe received letters warning them against denying customers access to financial services due to their political or religious views.

The new offering from Better Home & Finance and Coinbase allows home buyers to pledge bitcoin and other cryptocurrencies when making a down payment.

Proposed changes to bank capital requirements risk adding to incentives to lend to other lenders.