Emergency lifeline for collapsed banks doubled to £3bn May 18, 2026 The emergency credit fund that serves as a lifeline for collapsed lenders has been doubled as a result of “recent regulatory and operational developments”. The Financial Services Compensation Scheme (FSCS) – working in tandem with the Treasury and Bank of England – has hiked its revolving credit facility capacity to £3bn from £1.45bn previously. The [...]
FTSE 100 banks are facing £2.5bn of headwinds – HSBC and Barclays are in the firing line May 6, 2026 The FTSE 100’s Big Five banks toasted a healthy profit stash in the first-quarter, but, says Samuel Norman, storm clouds are gathering on the horizon for the sector. The London market’s five biggest banks swallowed a bitter cocktail of economic risks in the first three months of the year leaving a bumper cash haul overshadowed [...]
‘Alarming’ lack of private credit understanding in finance bosses May 5, 2026 The elusive nature of the private credit industry has been called further into question with fresh data revealing less than one in five financial services leaders fully understand their exposure to the sector. A fresh report from Big Four firm KPMG has found just 14 per cent of financial services executives believe they are fully [...]
Citadel founder questions understanding of private credit risks April 29, 2026 Hedge fund billionaire Ken Griffin has questioned whether wealthy individuals understand the risks that come with investing in private credit, as the industry wobbles under pressure from investors looking to pull money out. Griffin, who founded $67bn hedge fund Citadel and trading firm Citadel Securities, is the latest in a string of high-profile financial leaders [...]
Bank of England’s Breeden warns Iran war could set off bond and private credit crisis April 17, 2026 The energy crisis set off by Donald Trump’s war in Iran has made a financial crash more likely, according to the Bank of England’s financial stability chief, who warned that private credit, sky-high sovereign debt and stock market exuberance posed salient threats to the global economy. Sarah Breeden, the central bank’s deputy governor for financial [...]
IMF: Middle East war risks sparking government debt doom loop April 14, 2026 Ballooning levels of government debt have left the global economy dangerously exposed to the aftereffects of the Middle East war, according to the International Monetary Fund (IMF), which warned a fresh wave of inflation could trigger a historic bond crisis. In its latest Financial Stability Report, the financial body said that countries’ inability to rein [...]
Barclays and Deutsche most at risk to private credit ‘profit blow’ April 14, 2026 Fears that private credit could spell trouble for the global financial system have been further amplified following a new report that forecasts losses associated with the sector could slash profits at top European banks. Banking giants Deutsche and Barclays rank among “most exposed” banks to a private credit reckoning due to their north of three [...]
Nadine Buckland: I knew I’d make a better business owner than employee April 9, 2026 Each week, we dig into the memory bank of the City's great and good. Today, Nadine Buckland, CEO of Zenzic Capital, takes us through her business career.
Blue Owl Capital outlook cut to negative amid private credit woes April 8, 2026 The outlook on Blue Owl Capital’s flagship fund has been downgraded to negative by a leading ratings firm in the latest blow to the industry as it continues to be plagued by investors pulling money from funds. Moody’s Ratings changed its outlook from stable to negative after “significantly higher-than-peer redemption requests in the first financial [...]
MFS software platform put up for sale after lender’s collapse April 7, 2026 A software platform developed for Market Finance Solutions has been put up for sale by administrators following the lender’s collapse, Morning Wire can reveal. The software, which has been designed to be used in conjunction with Salesforce, was built as an “automated lending platform” including sales, underwriting and ‘KYC’ identity checks for new customers. “The [...]