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another subprime crisis
- Thread starter ftan42
- Start date
- Joined
- May 16, 2023
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- 43,464
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Bank Loan bad debt as well
In November 2025, UBS Group AG will wind down two hedge funds under its Chicago-based O'Connor business after incurring losses linked to the bankrupt U.S. auto parts supplier, First Brands Group.
This brings to mind the 2023 crisis involving Credit Suisse and bond investors, where holders of a specific type of bond (AT1) were entirely wiped out during the merger with UBS.
This brings to mind the 2023 crisis involving Credit Suisse and bond investors, where holders of a specific type of bond (AT1) were entirely wiped out during the merger with UBS.
- Joined
- May 16, 2023
- Messages
- 43,464
- Points
- 113
The Federal Reserve (Fed) recently convened a private meeting with Wall Street banks to address liquidity stress or over key lending facilities in money markets. While the Fed has not disclosed the exact number of banks involved, some social media and YouTube sources have referred to the gathering as an "emergency meeting of 25 major banks" or one big cartel. However, verified reports from financial news outlets confirm the meeting took place at the New York Fed.
Blue Owl Capital Inc., a prominent alternative asset manager, is facing challenges as it proceeds with a contentious merger between two of its business development companies (BDCs). This merger has resulted in a suspension of investor redemptions in one fund, raising concerns about potential losses for those investors. Upon completion of the merger, private investors may face significant losses when their illiquid shares are converted into publicly traded shares.
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