Ed Kalecki
👤 SpeakerAppearances Over Time
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Swalwell has denied allegations but also issued the following statement.
Third round of the Masters.
At last check, Cameron Young now in the lead.
He is 7-under for the day so far on Saturday.
11-under for the tournament.
He has a one-shot lead over Rory McIlroy, who has deconstructed in his round.
He had come into Saturday with a six-shot lead.
He's two over for the day.
That's news when you want it with Bloomberg News Now.
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.