BlackRock Shares Tumble Asian client pulled $52 billion

 

...  from the asset manager during the second quarter.

BlackRock’s assets rose to a record $12.53 trillion in the second quarter, buoyed by record-high U.S. stock prices and $68 billion of net client inflows. That is up 18% from a year ago.

The money manager closed its acquisition of private credit firm HPS Investment Partners on July 1, just after the end of the quarter.

Wall Street Journal 15 July 2025

https://www.wsj.com/finance/investing/blackrock-shares-tumble-after-big-client-redemption-blunts-quarterly-results-76295570


Senator Warren Has a New Target on Wall Street: Private Credit

Senator Warren wants more scrutiny of the growing private-credit market and is focusing on agencies that rate its products.

Warren is requesting information from rating agencies on how they score the risk of private-credit products.

Warren also asked Treasury Secretary Bessent to assess the market’s size and potential threats to financial stability.

 Wall Street Journal 17 July 2025

https://www.wsj.com/finance/senator-warren-has-a-new-target-on-wall-street-private-credit-de44e57f


The End of Market Discipline for Banks

https://englundmacro.blogspot.com/2023/03/the-end-of-market-discipline-for-banks.html



The private credit market $1.5 trillion


https://englundmacro.blogspot.com/2025/04/experience-shapes-expectations.html



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