Really? Is that true?
The Margin Call has sounded! The "dominoes of American private credit are falling one after another."
The U.S. private credit crisis is spreading to traditional banking, with Deutsche Bank experiencing a stock price plunge due to an exposure of approximately $30 billion in related risks, marking the largest single-day drop in nearly a year. From Blue Owl's discounted loan sell-off triggering a "margin call moment," to BlackRock writing down a debt to zero within three months, Cliffwater and Morgan Stanley subsequently restricting redemptions, the dominoes are falling one after another, and the firewall between private credit and traditional banks is facing severe tests
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