Wall Street private credit fears grow as Apollo blocks withdrawals March 24, 2026 Wall Street’s private credit crisis has spread further as further asset management giants blocked withdrawals from flagship funds. Apollo Global Management became the latest shadow bank to cap redemptions from one its biggest private credit funds after investors tried to pull $1.6bn (£1.1bn) over the last three months, as investor worries over the $3 trillion [...]
Trump’s call to pause strikes in Iran boosts markets March 23, 2026 Global markets leaped on news that President Trump paused strikes on Iranian infrastructure as he hinted that negotiations had been “very good and productive”. Brent crude – the international benchmark for oil prices – plunged back to below $100 per barrle after having jumped to $112 earlier in the day. The FTSE 100 also rose [...]
FCA hands Palantir sensitive data in AI crime push March 23, 2026 Britain’s financial watchdog is turning to AI to hunt down fraud, raising security questions over who gets to see and use sensitive data. The Financial Conduct Authority (FCA) has awarded Palantir a three-month contract to analyse its internal intelligence systems which notably contain highly sensitive case files, in a bid to sharpen fraud detection. The [...]
Iceland boss calls for profit cap on energy firms as prices surge March 22, 2026 Richard Walker has urged the government to consider imposing a temporary cap on energy company profits, warning that households risk bearing the brunt of another price shock linked to the Middle East conflict. The Iceland boss, recently appointed as a Labour peer and cost of living adviser, said ministers should examine limiting earnings for producers [...]
The UK is being “dragged into” Iran war says Badenoch March 21, 2026 Conservative leader Kemi Badenoch has said the UK is being “dragged into” the Iran war “whether we like it or not” after the nation fired missiles at joint UK-US base. Badenoch argued Starmer can longer “sit on the fence” after the attempted strikes on Saturday morning, before criticising him for not backing the US to [...]
UK economy in peril as growth forecast slashed in half March 20, 2026 The UK economy is set to grow by half as much as economists predicted before the war in Iran started as forecasters attempt to make sense of how deep the impact of an energy price shock will be. A leading economics consultancy has revised its UK growth forecast down to 0.4 per cent compared to [...]
Bank of England to hike interest rates twice, JP Morgan says March 20, 2026 The Bank of England will hike interest rates at its next meeting in late April, JP Morgan has predicted, presenting a new threat to the security of the UK economy. JP Morgan economist Allan Monks has said that the Bank’s Monetary Policy Committee (MPC) will opt to raise interest rates at least twice this year. [...]
Granite Underwriting Launches 25+ Vehicle Taxi Fleet Product March 19, 2026 Specialist underwriter reinforces commitment to taxi fleets with dedicated in-house claims team
Why are investors rushing to get out of private credit? March 19, 2026 The private credit industry has been thrown into chaos over the last few months, as powerhouse firms continue to deal with a rise in investors seeking to withdraw their money. A number of debt funds managed by firms agreed to lift redemption requests after mounting pressure from customers, and the pressure is not expected to [...]
Alastair Lukies: AI is humanising tech and will positively impact us all March 19, 2026 Fintech pioneer Alastair Lukies takes us through his career, from Monitise to his new AI endeavour, in this week's Square Mile and Me.