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0.000798158263381382 0.00116737433079593 -0.000124881905154918 -0.00140899366903039 0.00125967834764947 0.00293743959516549 -0.000146600497355752 -0.000135741201255335
Stock impact report

It's Not Risky To Allow Banks To Operate As Banks [Yahoo! Finance]

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: Yahoo! Finance
Getty Images “While (public!) credit for a great call is always fun, this time it is just not true. I called nothing of the sort, nor is it at all clear yet that it is a ‘disaster.'” That's AQR Capital's Cliff Asness refusing to take credit for a negative call about private credit that he's clear about not having made. Which requires a look back to 2024 when private credit was gaining notoriety. In the aftermath of BlackRock's acquisition of one of private credit's first movers, HPS Investment Partners ($12 billion), the Wall Street Journal described the then still largely unheralded sector of finance as something that had taken off “in recent years while banks have pulled back from making risky loans.” The rise of what the Journal described as a “once-obscure business” has been an effect of increased regulatory oversight of banks that yet again revealed itself through a pullback by banks from “risky loans.” It rates discussion in consideration of the critical response from Moo Show less Read more
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