Banks Just Started Dumping Private Credit onto Insurance Companies
About this episode
The episode discusses how banks are distancing themselves from private credit and the implications for insurance companies.
Banks are taking more steps to distance themselves from the growing private credit bust. They’re revaluing private credit assets that have been pledged to them as security for financing banks have provided to these shadow banks. I told you when JPM did it a month ago there would be others. Insurance companies are now really getting dragged into this mess, too, a double dose of Stage 2. Eurodollar University's Money & Macro Analysis ---------------------------------------------------------------------------------- What if your gold could actually pay you every month… in MORE gold? That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month. Check it out here: https://monetary-metals.com/snider ---------------------------------------------------------------------------------- ACLI President and CEO David Chavern Responds to April 14th Financial Times Article on Private Credit https://www.acli.com/posting/acr26-003 Wall Street banks start trading derivatives to bet on pain in private credit…
People in this episode
Host: Jeff Snider
Topics covered
- private credit
- banking
- insurance companies
- financial markets
- economic analysis
Sponsors
Monetary Metals
Mentioned in this episode
Organizations: JPM, ACLI, Financial Times
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