IMF warns on $4.5tn bank exposure to hedge funds and private credit
Fund says tighter regulation of financing activity outside of traditional lending sector needed
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Bessent tells the FT that struggling China wants ‘to pull everybody else down with them’
Bessent accused China of trying to weaken the global economy by slapping export controls on resources vital for technology.
Oil tumbles to five-month low on report of ‘large surplus’
Brent falls as much as 3% on IEA report of recent build-up in shipments
BlackRock’s assets surge to $13.5tn
World’s largest asset manager surpasses $5tn on its iShares ETF platform