2026.02.28 本文字数：1515，阅读时长大约3分钟 作者 |第一财经 胡弋杰 美国华尔街大型银行周五遭遇重创。 英国抵押贷款机构Market Financial Solutions Ltd（MFS）进入破产管理程序，受其风险敞口报道影响， 杰富瑞、巴克莱等多家金融机构股价周五明显走低，市场对资产抵押融资模式的信心再度受到冲击。 此前，伦敦高等法院文件显示，MFS在陷入困境后申请了破产管理（一种英国的破产保护形式）。债权 人指控公司存在财务违规和管理失当，并警告其可能存在"重复质押"行为。 法庭文件显示，在总额约11.6亿英镑的贷款对应抵押账户中，仅有约2.3亿英镑具备"真实价值"，抵押品 缺口或高达9.3亿英镑。若相关情况属实，意味着部分资产可能已被多次抵押，债权人优先受偿权存在 不确定性。 杰富瑞再度卷入风暴 杰富瑞股价在美股交易时段一度下跌超过10%，巴克莱下跌逾4%，桑坦德银行跌近5%。阿波罗全球管 理亦受拖累走低。 此次事件对杰富瑞而言无疑雪上加霜。此前该行已因在First Brands爆雷事件中的角色而备受关注。根据 法庭文件，向MFS提供融资的机构包括巴克莱、桑坦德银行、富国银行、杰富瑞 ...

美国华尔街大型银行周五遭遇重创。 英国抵押贷款机构Market Financial Solutions Ltd（MFS）进入破产管理程序，受其风险敞口报道影响， 杰富瑞、巴克莱等多家金融机构股价周五明显走低，市场对资产抵押融资模式的信心再度受到冲击。 此前，伦敦高等法院文件显示，MFS在陷入困境后申请了破产管理（一种英国的破产保护形式）。债权 人指控公司存在财务违规和管理失当，并警告其可能存在"重复质押"行为。 法庭文件显示，在总额约11.6亿英镑的贷款对应抵押账户中，仅有约2.3亿英镑具备"真实价值"，抵押品 缺口或高达9.3亿英镑。若相关情况属实，意味着部分资产可能已被多次抵押，债权人优先受偿权存在 不确定性。 杰富瑞再度卷入风暴 杰富瑞股价在美股交易时段一度下跌超过10%，巴克莱下跌逾4%，桑坦德银行跌近5%。阿波罗全球管 理亦受拖累走低。 此次事件对杰富瑞而言无疑雪上加霜。此前该行已因在First Brands爆雷事件中的角色而备受关注。根据 法庭文件，向MFS提供融资的机构包括巴克莱、桑坦德银行、富国银行、杰富瑞，以及阿波罗全球管理 支持的Atlas SP Partners。MFS借款规模已超过20 ...

一、市场: ●2月28日收盘：美股收跌道指跌逾500点 三大股指本周均录得跌幅 周五美股成交额靠前的公司表现不一。英伟达收跌4.16%，虽业绩超预期，但投资者担忧人工智能支出可持续性。特斯拉收跌1.49%，多家联邦机构对xAI工 具有安全担忧，而五角大楼允许其聊天机器人用于机密环境。微软收跌2.24%，重申与OpenAI合作稳固。苹果收跌3.21%，同意提高三星存储芯片价格。奈 飞收高13.77%，退出竞购被视为注重财务纪律。闪迪收跌2.54%，遭做空机构质疑估值。戴尔收高21.93%，业绩超预期且下季营收预测强劲。 ●2月28日热门中概股多数下跌 金山云涨6.98%，蔚来跌4.32% 周五油价上涨逾2%，交易商在美国与伊朗延长核谈判后，对潜在供应中断保持警惕。布伦特原油期货和纽约商品交易所4月交割的西得州中质原油期货均有 涨幅。不确定性及恐惧情绪推高油价，受伊朗核谈判及美可能军事行动影响。美伊周四间接会谈，期间因美要求伊朗零铀浓缩讨论陷入僵局致油价上涨，后 阿曼调解人表示取得进展，油价回落。双方计划下周在维也纳恢复技术讨论。因担心冲突中断供应，油价有地缘政治风险溢价。此外，阿联酋、沙特计划增 产，沙特或提高 ...

Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Exclusive: MarineMax attracts more buyout interest after Donerail offer, sources say February 25, 20263:52 PM UTCUpdated ago By Svea Herbst-Bayliss Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon Purchase Licensing Rights, opens new tab NEW YORK, Feb 25 (Reuters) - Private equity firms including Blackstone (BX.N), opens ne ...

SaaS Markets Have Crashed in 2026. But Is Private Credit the Even Bigger Risk? We all know software stocks have entered a bear market in 2026. But the debt side of software might end up being a much bigger deal.IGV is down 23%+ year-to-date. $285 billion in market cap wiped out in a single day. Software P/S ratios compressed from 9x to 6x — levels we haven’t seen since the mid-2010s. But it’s more than just stocks going down.It puts huge stress on private credit’s $600-750 billion exposure to software comp ...

Core Insights - Jackson Financial Inc. achieved nearly 12% growth in adjusted operating earnings for the full year, driven by stable fee income and increased investment spread earnings [1] - The company returned over $862 million to common shareholders, exceeding its capital return target range [5][12] - A strategic partnership with TPG is expected to accelerate growth in the spread-based business and enhance capital efficiency [2][11] Financial Performance - Adjusted operating earnings for the fourth quarter were $455 million, supported by strong performance in spread-based products [13] - Free capital generation totaled nearly $1.4 billion for the year, significantly above the $1 billion target [40] - The company reported a 33% increase in adjusted operating EPS to $6.43, reflecting strong spread income growth [18] Sales and Distribution - Retail annuity sales reached nearly $20 billion, the highest level since 2019, with significant contributions from fixed index annuities and RILA products [4][10] - RILA sales set a record at nearly $2.3 billion for the fourth quarter, representing a 22% increase for the full year [9][20] - The fee-based advisory business also saw record sales of $1.5 billion in 2025 [10] Capital Management - The company maintained a balanced approach to capital management, focusing on financial strength, future growth, and capital return to shareholders [4][12] - The RBC ratio stood at 567%, indicating strong capital stability [5][46] - The partnership with TPG is expected to enhance capital generation and support future growth initiatives [2][11] Strategic Initiatives - The establishment of Hickory Re as a captive reinsurer is anticipated to provide additional free cash flow and support capital returns [6][54] - The company plans to raise its capital return targets for 2026 to between $900 million and $1.1 billion, reflecting confidence in future profitability [12][44] - Ongoing product innovation, including the launch of new fixed index annuities, is expected to diversify the business and enhance sales momentum [10][11]

Jackson Financial (NYSE:JXN) Q4 2025 Earnings call February 19, 2026 10:00 AM ET Company ParticipantsDon Cummings - CFOLaura Prieskorn - CEOLiz Werner - Head of Investor RelationsLynn Sun - Chief ActuaryTom Gallagher - Senior Managing DirectorConference Call ParticipantsAlex Scott - Director and Senior Equity Research AnalystSuneet Kamath - Research AnalystOperatorHello, everyone, and welcome to the Jackson Financial 4Q25 Earnings Call. My name is Charlie, and I'll be coordinating the call today. You will h ...

Jackson Financial (NYSE:JXN) Q4 2025 Earnings call February 19, 2026 10:00 AM ET Speaker5Hello, everyone, and welcome to the Jackson Financial 4Q25 Earnings Call. My name is Charlie, and I'll be coordinating the call today. You will have the opportunity to ask a question at the end of the presentation. If you'd like to register a question, please press star followed by one on your telephone keypad. I'll now hand over to our host, Liz Werner, Head of Investor Relations. Again, Liz, please go ahead.Speaker3Go ...

SAN FRANCISCO & FORT WORTH, Texas--(BUSINESS WIRE)--TPG Inc. ("TPG†or the "Company†) (Nasdaq: TPG), a leading global alternative asset management firm, today announced that TPG Operating Group II, L.P. (the "Issuer†), an indirect subsidiary of TPG, intends to offer senior notes due 2031 (the "notes†) in a registered public offering, subject to market and other conditions. The notes will be fully and unconditionally guaranteed by TPG and certain of the Issuer's direct subsidiaries. The Issuer i. ...

Achieved retail annuity sales of nearly $20 billion in 2025, the highest level since 2019, driven by the successful launch of RILA 3.0 and new fixed index annuity offerings. Closed a strategic partnership with TPG to accelerate growth in spread-based businesses, leveraging TPG's investment capabilities to enhance asset sourcing and yield. Surpassed 2025 financial targets with over $1 billion in free capital generation for the second consecutive year, supported by stable fee income and increased invest ...