Banks
Dimon warns on AI job losses, calls for government-business incentives
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., departs the US Capitol in Washington, DC, US, on Wednesday, Feb. 25, 2026. Graeme Sloan | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon warned that artificial intelligence could cost the U.S. jobs, and suggested the government could create an incentive system for businesses […]
Read More
Jamie Dimon says Iran war makes Middle East peace prospects better in the long term
Key Points JPMorgan Chase CEO Jamie Dimon said the Iran war is risky in the short run but could improve the odds of a lasting Middle East peace. Dimon tied the peace calculus directly to economics, arguing that foreign direct investment flowing into the region will stall without stability. Speaking with Palantir executive Mike Gallagher […]
Read More
Moody’s cuts rating on private credit fund run by KKR and Future Standard to junk as bad loans grow
Key Points Moody’s Ratings downgraded a private credit fund run by KKR and Future Standard to junk amid rising bad loans and a string of weak earnings. The ratings firm lowered the debt ratings of FS KKR Capital Corp one notch to Ba1 from Baa3 — pushing it into “junk” territory. Moody’s said the fund’s […]
Read More
Apollo gives investors only 45% of requested withdrawals from $15 billion private credit fund
Key Points Apollo’s $15 billion private credit fund received withdrawal requests equal to 11.2% of shares — more than double its 5% quarterly cap — and will return just 45 cents on the dollar to investors. Unlike rivals including Blackstone, which recently relaxed redemption limits to meet investor demand, Apollo is holding firm at the […]
Read More
Banks eye three ECB rate hikes this year as former Governor says he sees no stagflation — yet
The Euro Sculpture at Willy-Brandt-Platz in the financial district of Frankfurt, Germany, on March 6, 2025. Bloomberg | Bloomberg | Getty Images Brokers now forecast multiple European Central Bank interest rate hikes this year as the specter of higher inflation and lower growth piles pressure on central banks to act. J.P. Morgan, Morgan Stanley and […]
Read More
JPMorgan Chase taps Dwyane Wade, Tom Brady for new athlete wealth management push
Key Points JPMorgan Chase announced the Athlete Council, an initiative led by Dwyane Wade and featuring Tom Brady, Sue Bird, Alex Morgan and others, aimed at helping athletes manage money from college through retirement. About one in six NFL players declares bankruptcy within 12 years of retiring, JPMorgan said, underscoring the financial perils facing athletes. […]
Read More
Mastercard says it’s acquiring stablecoin startup BVNK in $1.8 billion bet on future of payments
Key Points Mastercard said it agreed to acquire stablecoin infrastructure startup BVNK for up to $1.8 billion — including $300 million in performance-contingent payments — in its biggest crypto deal ever. The deal gives the payments giant the ability to connect traditional rails with blockchain-based systems supporting stablecoins and tokenized deposits. BVNK, founded in 2021 […]
Read More
Apollo’s John Zito questions private equity’s software valuations: ‘All the marks are wrong’
Key Points Apollo executive John Zito said private equity firms are broadly misstating the value of their software holdings, telling UBS clients last month that “all the marks are wrong.” Zito warned that lenders to smaller software companies could recover as little as 20 to 40 cents on the dollar, implying deep losses. Apollo sought […]
Read More
UniCredit to strengthen stake in Commerzbank to 30% laying groundwork for potential takeover
UniCredit has launched an offer to build its stake in Commerzbank above 30%, a key regulatory threshold if the lender is to launch a full takeover bid. The Milan-headquartered UniCredit already holds a 28% stake in Commerzbank, comprising about 26.04% in shares with the rest in total return swaps. The deal is expected to involve […]
Read More
Judge blocks subpoenas in criminal probe of Fed Chair Jerome Powell
Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on October 29, 2025 in Washington, DC. Alex Wong | Getty Images News | Getty Images A federal judge has blocked subpoenas issued to the Federal Reserve as part of a criminal […]
Read More