Blackstone’s private credit fund hands investors record redemptions Investing The world’s largest alternative asset manager is allowing investors to pull a record amount of cash from its flagship private credit fund as anxiety continues to ripple through the trillion-dollar industry. Blackstone will permit investors to redeem 7.9 per cent of shares from the fund – the equivalent to a whopping $3.8bn. The financial giant [...]
Ex Goldman chief: I smell another financial crisis Banking Goldman Sachs’ top boss throughout the 2008 financial crisis has sounded the alarm that the global economy was drawing closer to another crash. Billionaire investment banker Lloyd Blankfein, who served at the helm of Goldman from 2006 until 2018, said: “I don’t feel the storm, but the horses are starting to whinny in the corral.” [...]
‘I see people doing dumb things’: Jamie Dimon warns of crisis-style AI reckoning Banking The world’s most influential banker has drawn parallels to the time before the global financial crisis amid inflated asset prices and peers doing “dumb things”. Jamie Dimon, the top boss of Wall Street behemoth JP Morgan, said: “Unfortunately we did see this in ‘05, ‘06, ‘07, almost the same thing. “The rising tide lifts all [...]
UK unemployment will surpass pandemic high, says JP Morgan February 24, 2026 UK unemployment will brush past its peak in the Covid-19 pandemic, Wall Street’s biggest bank has predicted, as employer’s still feel the brunt of Rachel Reeves’ cash grabs. The rate of unemployed Brits is tipped to reach 5.5 per cent by the late spring, according to a forecast by JP Morgan, which would mark an [...]
‘Trust me’: Jamie Dimon to defend JP Morgan’s $2bn-a-week bill February 23, 2026 Jamie Dimon is set to defend JP Morgan’s $2bn-a-week cost bill today as analysts and shareholders gather for the banking giant’s annual investor day. The bank chief – generally considered to be the world’s most influential banker – unveiled higher-than-expected plans for 2026 spend at the beginning of the year. JP Morgan told markets spending [...]
Mandelson branded a ‘naive sucker’ as he tried to build career post-government February 4, 2026 Peter Mandelson was branded “naive” and a “sucker” in new revelations from the Epstein files that shine a light on Mandelson’s efforts to build a career post-government. The Labour veteran told convicted paedophile Jeffrey Epstein that he had sought the advice of financier Nathaniel Rothschild as he weighed up a role at advisory and investment banking [...]
JP Morgan’s Chase sets sights on UK insurance market February 4, 2026 Global banking giant JP Morgan has set its sights on the UK insurance market with its consumer arm Chase set to enter the scene. The new offering, branded as Chase Protect, will envelope its essential coverage bundle into one single month fee, designed as an add-on for current account holders. While JP Morgan has operated [...]
Big banks bet on gold rally as metals channel meme stock February 3, 2026 It’s all over for doughnuts and cameras as social media’s retail investors set their sights on a new favourite investment meme. Precious metals’ start to 2026 has been nothing short of a rollercoaster. Gold rose 65 per cent last year, hitting multiple fresh records as geopolitical tensions flared. Investors flocked to the traditional safe-haven asset [...]
‘Well done Petey’: Epstein advised Mandelson on $6m Deutsche Bank role February 2, 2026 Peter Mandelson sought advice from convicted paedophile Jeffrey Epstein on a possible job offer worth up to $6m from Deutsche Bank as part of a joint campaign to land the former business secretary lucrative roles in finance after Labour lost the 2010 election, newly released emails show. According to messages published by the US Department [...]
Mandelson to Epstein: JP Morgan should ‘threaten’ UK over banker tax February 2, 2026 Lord Peter Mandelson told Jeffrey Epstein that the boss of banking giant JP Morgan should “mildly threaten” the UK Treasury over a tax on banker bonuses whilst the peer was serving as business secretary. New bombshell revelations in the latest drop of the Epstein files by the US Department of Justice showed Mandelson, who worked [...]