Ed Kalecki
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He had come into Saturday with a six-shot lead.
He's two over for the day.
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I'm Ed Kalecki.
This is Bloomberg.
It follows a surge in redemptions from the funds and a rise in troubled loans in the industry.
The queries by Fed examiners are intended to assess the level of stress in the private credit industry and the potential for it to spill over to the wider financial system.
The central bank has been seeking details on the debt private credit funds have taken on from banks.
In good times, that debt can juice returns and make private credit funds more enticing.
In bad times, it risks exposing banks to losses.
Ed Kalecki, Bloomberg Radio.
It follows a surge in redemptions from the funds and a rise in troubled loans in the industry.
The queries by Fed examiners are intended to assess the level of stress in the private credit industry and the potential for it to spill over to the wider financial system.
The central bank has been seeking details on the debt private credit funds have taken on from banks.
In good times, that debt can juice returns and make private credit funds more enticing.
In bad times, it risks exposing banks to losses.
Ed Kalecki, Bloomberg Radio.
News when you want it with Bloomberg News Now.
I'm Ed Kalecki.
From the pages of Jules Verne to a modern day mission to the moon, a new chapter of the exploration of our celestial neighbour is complete.