Barclays Gets Splashed By a UK Credit Blowup - Moby THE GIST Barclays just got dragged into an ugly U.K. mortgage finance collapse that is starting to smell like a private credit problem, not a one-off accident. The market’s not pricing in a new crisis, but it is remembering how these movies start. WHAT HAPPENED Barclays shares fell after reports linked the bank to potential losses tied to the collapse of Market Financial Solutions, a London-based specialist mortgage lender that has entered a UK insolven ...

Crescent Capital BDC, Inc.'s private credit platform has been active with over $6.5 billion of capital committed in 2025, including over $1.7 billion during the fourth quarter. Our existing portfolio remains one of our most active origination channels, with add-ons representing over half of our transactions over the same period. We are also encouraged by the recent increase in transaction activity in Q4 and early 2026. As origination and refinancing volumes normalize, structuring fees and accelerated amorti ...

Core Viewpoint - Robinhood Markets Inc shares are experiencing slight gains, partially recovering from a 4% decline, as investors reassess risks in financials and high-beta trading platforms [1]. Group 1: Stock Performance - Robinhood's stock closed up 2.24% at $73.39 on Tuesday, following a rough trading session on Monday [7]. - The stock has shown a significant price movement, peaking around $152 in late 2025 before dropping to the mid-$60s by February 2026, indicating a transition from an uptrend to a downtrend [5]. Group 2: Market Dynamics - A broad sell-off in asset managers and banks has raised concerns, impacting Robinhood as a leveraged play on retail risk-taking, leading to lower trading volumes and reduced payment for order flow [2]. - The decline in Bitcoin prices has slowed new account openings and reduced trading activity, directly affecting Robinhood's crypto trading revenue and indirectly impacting stock and options trading [3]. - Recent private-credit shocks and a significant drop in Bitcoin have made Robinhood's retail-focused business particularly sensitive to market swings, explaining the stock's continued weakness despite a partial rebound [4]. Group 3: Performance Metrics - Robinhood holds a Growth score of 91.48 in Benzinga Edge rankings, while its Value score is at 22.95, with negative flags on short-, medium-, and long-term price trends [6].

Capital One Financial Corp (NYSE:COF) shares are trading lower Monday afternoon as a wave of selling hit U.S. bank and asset-management shares on worries about private credit and AI-exposed lending.Here’s what investors need to know.Capital One Financial stock is feeling bearish pressure. Why is COF stock dropping?What’s Driving Monday’s Weakness?Although Capital One has very limited direct exposure to Blue Owl vehicles, the decision to sell a large portfolio at book value and accelerate cash back to invest ...

The sharp decline in stocks today as a critical week gets underway. Yes, we have Nvidia earnings looming. A lot more as well to discuss and debate with the investment committee.Joining me for the hour today, Jim Leventhal, Joe Terteranova, Brent Talkington, and Jason Snipe. Let's show you what the markets are doing. We're down more than 700 on the Dow.At least 1% declines across the board. We know the two most important stories of the week. the continued fallout from the Scotas ruling on the tariffs, the Nv ...

Blue Owl BDC's CEO Craig Packer speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Nov. 19, 2025.The latest tremor in the private credit world involved a deal that should've been reassuring to markets. Blue Owl, a direct lender specializing in loans to the software industry, said Wednesday it had sold $1.4 billion of its loans to institutional investors at 99.7% of par value. That means sophisticated players scrutinized the loans and the companies ...

US stocks rose on Friday after the Supreme Court ruled that President Trump's most sweeping "Liberation Day" tariffs are unlawful, saying he lacked the authority to impose them using emergency powers. The S&P 500 (^GSPC) rose almost 0.7%, while the Dow Jones Industrial Average (^DJI) gained roughly 0.5%. The tech-heavy Nasdaq Composite (^IXIC) led gains, up nearly 0.9%. All three major averages posted weekly gains. Stocks reversed course on the heels of the decision as investors kept an eye out for US-I ...

The Financial Times reports: The fund, which trades under the ticker OBDC, also announced on Wednesday that it would sell $1.4 billion worth of holdings to institutional investors, creating the liquidity for investors to get their capital back. OBDC shares were down about 2% on Thursday. Recent concerns about private credit have taken many forms, with the most potent being the exposure that investors in these vehicles might have to investments in software companies — a favorite of the alternative invest ...

Financial Data and Key Metrics Changes - In Q4 2025, adjusted net investment income (NII) per share was $0.36, consistent with the previous quarter, resulting in a return on equity (ROE) of 9.7% [11] - Net asset value (NAV) per share decreased to $14.81 from $14.89 in the prior quarter, primarily due to write-downs on a few watchlist names, partially offset by share repurchases [24] - The company repurchased $148 million of stock, the largest repurchase in its history, which was accretive to NAV per share by approximately $0.05 [24] Business Line Data and Key Metrics Changes - OBDC had fundings of $820 million against $1.4 billion of repayments, resulting in lower net leverage at 1.19x [14] - The portfolio is broadly diversified across 30 industries, with average position sizes of approximately 40 basis points [16] - Revenue and EBITDA growth for borrowers in the software portfolio was 10% and 16% respectively in Q4, outpacing other sectors [17] Market Data and Key Metrics Changes - The company executed asset sales totaling $1.4 billion, including $400 million from OBDC, at book value and an average price of 99.7% [8] - Interest coverage ratios remained healthy at approximately 2x, with a non-accrual rate decreasing to 1.1% at fair value [19] - The company received a Moody's upgrade to Baa2, reflecting strong portfolio and liability management capabilities [25] Company Strategy and Development Direction - The company terminated the proposed merger with OBDC II and opted for a significant asset sale to provide liquidity to shareholders [7] - The strategy remains focused on disciplined capital allocation, with a buy-and-hold approach to lending [10] - The company aims to leverage its diversified lending strategy to create value for shareholders, with a focus on maintaining credit quality [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the portfolio's credit quality, stating that losses remain low and borrower fundamentals are strong [27] - The company anticipates that lower base rates and tighter spreads will impact future earnings, but does not expect broad-based credit issues [28] - Management highlighted the importance of maintaining a stable dividend while evaluating the impact of market conditions on future payouts [29] Other Important Information - The board declared a first-quarter base dividend of $0.37, to be paid on April 15, 2026 [23] - The company has approximately $4 billion in total cash and capacity on its facilities, exceeding unfunded commitments [25] - The new share repurchase program of up to $300 million was authorized, replacing the previous $200 million plan [24] Q&A Session Summary Question: Is OBDC II halting redemptions permanently? - Management clarified that they are not halting redemptions but accelerating them, returning 30% of capital at book value to investors [34][35] Question: What is the most accretive use of capital today? - Management indicated that they are evaluating both stock buybacks and capital deployment into the market, given the stock price is trading below book value [40][42] Question: Why not sell all of OBDC II? - Management opted for a quick transaction to return capital to investors while maintaining a diversified and liquid remaining portfolio [64][66] Question: What is the appetite for new software loan purchases? - Management expressed confidence in their software investments and indicated a cautious approach to new purchases, focusing on high-quality companies [69][70] Question: How does the mark received on the loan sales compare with previous fair value marks? - Management stated that the loans were sold at their marks, consistent with previous valuations, reinforcing the integrity of their valuation process [86][88]

Collateral exposures:💳 Private credit:syrupUSDC, syrupUSDT @maplefinanceAA_FalconXUSDC @paretocreditPT-USDai-19FEB2026*, PT-sUSDai-19FEB2026*, sUSDai @USDai_OfficialmF-ONE @MidasRWA🛡️ Insurance:PT-reUSD-25JUN2026*, reUSD @re🪙 Commodity:XAUt @tetherPAXG @Paxos🏦 Treasuries:thBILL, PT-thBILL-19FEB2026* @Theo_NetworkEUTBL @Spiko_finance⚖️ Market-neutral:USCC @SuperstateInc* via @pendle_fi ...