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Wells Fargo Reports $36.2 Billion Of Private-Credit Exposure

by The Wealth Advisor Contributor
(Bloomberg) - Wells Fargo & Co. said its exposure to private-credit firms was roughly $36.2 billion in the first quarter, offering details on a category closely watched by investors.Companies in the business services, software and health-care industries make up about half of the total value of the collateral, with software companies accounting for 17%.

Featured

JPMorgan And Other Big Banks See Profits Rise As Dimon Warns Of 'Increasingly Complex Set Of Risks'

(Yahoo!

Fed nominee Warsh Files Financial Disclosure In Step Towards Confirmation

(Reuters) - Kevin Warsh, the former Federal Reserve governor chosen by ‌President Donald Trump to run the central bank, ‌has submitted financial disclosures that are required for his nomination to advance through the Senate, beg

David Geffen Settles His Divorce From Donovan Michaels

David Geffen’s divorce from Donovan Michaels (legally David Armstrong) offers a high-profile case study in the financial, legal, and reputational risks that can arise when ultra-high-net-worth individuals enter marriage without comprehensi

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Advisor Technology

Workers Who Want AI Training The Most Are Using It The Least

(Yahoo!

The Trust Advisor

Binance’s CZ Offers OKX Founder $1 Billion Bet Over Divorce Dispute

(CryptoAdventure) - Binance co-founder Changpeng Zhao (CZ) confirmed he is officially divorced and offered OKX founder Star Xu a $1 billion bet to prove it.

The Trust Advisor

Advisors Spend More Time Building Clients Wealth Than Planning For The Transfer Of It

Advisors spend years helping clients build wealth, but far less time is often dedicated to preparing families for how that wealth will actually transfer.

The Trust Advisor

A Dallas County Jury Issues A Landmark $1.1 Billion Civil Verdict

A Dallas County jury has issued a landmark $1.1 billion civil verdict, underscoring the profound financial and reputational risks that can arise in cases involving extreme personal miscondu

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10 Oil Stock Picks For A Prolonged Middle East Conflict: Goldman Sachs

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JPMorgan CEO Jamie Dimon Downplays Private Credit Concerns: 'Not Particularly Worried'

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Chicago Fed President Austan Goolsbee: The Longer The War Goes On, The More A Rate Cut Gets Pushed Off

FundFocus

'The End Of The Road': Market Heavyweights Michael Burry And Jeff Gundlach Eye Trouble Ahead For Private Credit

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