In early 2026, the six largest US banks disclosed for the first time their massive exposure to non-depository financial institutions (NDFIs), including private credit funds, totaling over $1.14 trillion in loans. This sector, often called shadow banking, is rapidly growing and less regulated, raising concerns about hidden risks. While some banks like Wells Fargo and JPMorgan emphasize strong credit quality and diversification, others like Goldman Sachs aggressively expand their private credit platforms. Experts warn that rising defaults and complex debt structures in middle-market private credit could trigger broader financial stress if the credit cycle worsens, highlighting the intertwined risks between traditional banks and shadow banks.
JPMorgan Chase CEO Jamie Dimon announced a $24 million initiative to revive American shipbuilding, including $18 million in loans and investments and $6 million in grants. The funds will support a new submarine manufacturing facility at the Philadelp...
The FTSE 100 dropped 23 points to 10,506, pressured by mining stocks reacting to China's slower-than-expected 4.3% GDP growth in Q2, its weakest in three years. European markets also declined, while US futures rose, led by tech. PayPal shares surged ...
Morgan Stanley will report its second-quarter earnings before the market opens on Wednesday, with analysts expecting earnings per share of $2.94 and revenue of $19.64 billion. The firm is anticipated to benefit from increased trading and investment b...
Jim Cramer stated that today's stock market is far from the dot-com bubble era, highlighting lower valuations, cooler inflation, and strong corporate earnings as key differences. Despite some speculative stocks like SpaceX, these are outliers and do ...
Goldman Sachs and JPMorgan Chase reported record quarterly revenues, boosted by increased equities trading and investment banking linked to the global AI boom. AI is driving demand for financing across sectors, including data centers and infrastructu...
