Apollo asset-backed finance unit swings to loss after MFS hit
US private capital giant becomes latest financial institution to suffer from exposure to collapsed UK mortgage lender
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Oil tumbles and stocks rally on report US and Iran close to deal
Axios reported that agreement would involve moratorium on Tehran’s nuclear enrichment and lifting of US sanctions
UK watchdog launches probe of claims management companies
FCA to investigate ‘poor practices’ and ‘aggressive marketing’ in sector gaining prominence amid car finance mis-selling scandal
Oil falls on signs of de-escalation in Strait of Hormuz
US president has “paused” military mission to guide commercial ships through the vital waterway
FSB raises alarm over private credit vulnerabilities
Warning that banks may find it difficult to manage risks comes a day after HSBC disclosed $400mn hit
Watchdog raises alarm over private credit vulnerabilities
Warning that banks may find it difficult to manage risks comes a day after HSBC disclosed $400mn hit