Financial institutions' shares rise as private credit fears ease
Updated
Updated · MarketWatch · May 6
Financial institutions' shares rise as private credit fears ease
10 articles · Updated · MarketWatch · May 6
HSBC gained after reports its $400 million write-down was tied to back-leverage support for collapsed mortgage broker Market Financial Solutions, while Apollo rose on stronger-than-expected adjusted quarterly earnings.
Apollo said it would provide daily valuations for its private-credit funds by end-September, a step that could improve transparency and calm investor worries about opaque lending markets.
Analysts said private credit remains uneven, with niche problems still likely to filter through the financial system even as broader banking and financial stocks recovered.
As bank stocks rally, are investors ignoring record-high defaults and redemption freezes plaguing the private credit sector?
Is AI-driven turmoil in software lending a preview of how private credit will handle future technological disruptions?