Shadow banking giant blocks investors from withdrawing cash

Blue Owl is one of the biggest private credit businesses in the world - Timon Schneider/Alamy A Wall Street giant has blocked investors from withdrawing money from one of its flagship private credit funds as concerns mount over a crisis in the shadow banking industry. New York investment firm Blue Owl scrapped plans to let investors take their cash from its $1.7bn (£1.3bn) fund, saying it would repay them in quarterly instalments over an extended period instead. It marked a reversal of previous plans t ...