Blue Owl Capital is thinking about bringing back a plan to combine two of its private credit funds. This comes after they had to stop a similar plan last week because investors weren't happy. The main reason for the merge is to give shareholders a way out and cut costs. But, it's not a done deal yet. The idea is to merge the larger fund, OBDC, with Blue Owl Capital ...
Some of the biggest banks in the U. S. are in the spotlight after a cyber attack hit a company they work with. SitusAMC, which helps manage real estate investments, found out about the breach on November 12. They think some client files might have been exposed. These files include financial records and legal documents. The attack wasn't caused by encrypted malware, ...
A well-known market strategist, often called a "perma-bear, " has been ringing alarm bells about the current AI-driven market boom. He thinks we're ignoring the signs of a potential crash, much bigger than the one in 2008. He's not alone in this view, but his predictions haven't always been right in the past. The strategist points out that the current market is simi...
In a quiet neighborhood near the 5 Freeway in Burbank, a tragic event unfolded. A suspect, who had just been involved in a traffic stop, took off running. He didn't just run; he jumped over a freeway wall and hid in a nearby area. Police brought in a K-9 unit to track him down. The dog, named Spike, was a skilled and loyal partner. He found the suspect, but things to...
The government is playing a game of hide and seek with the Budget. Transport Secretary Heidi Alexander says it's no big deal. But others aren't so sure. For months, the media has been buzzing with rumors about tax hikes. Businesses and consumers are left in limbo, unsure of what's coming. Former Bank of England economist Andy Haldane blames this uncertainty for the ...
Meghan Sonderegger has climbed the ranks at Union Bank & Trust (UBT) and is now the Vice President of Treasury and Payments. She's been with the bank since 2005 and has focused on improving digital products for both retail and business customers. Sonderegger is not just about work. She gives back to her community by volunteering at her children's schools. This shows...
Idaho's congressional representatives, Russ Fulcher, Mike Simpson, Jim Risch, and Mike Crapo, recently found themselves on the winning side of a vote to release documents related to Jeffrey Epstein. This might come as a surprise to those who remember their initial resistance to the idea. Just two months prior, Fulcher and Simpson had voted against releasing the files...
Mutuum Finance is making waves in the decentralized finance (DeFi) world. It's a platform where people can lend and borrow money without needing a bank. The project is gaining traction, with over $18. 9 million raised and more than 18, 200 holders. The presale is in its sixth phase, and it's almost sold out. This means the price will go up soon, as the project moves ...
In Clinton County, Iowa, a man named Boston found himself in a nightmare after a simple text message. It all started with a message that seemed harmless: "Hello Mark, I've been expecting your call. " Boston, thinking it was a wrong number, replied politely. Little did he know, this was the beginning of a sophisticated scam. The sender, who called herself Julie, quic...
A massive money-laundering operation in the UK has been using cryptocurrency to move huge sums of cash. This scheme, which involved 28 towns and cities, turned profits from illegal activities like drug trafficking and gun sales into digital currency. Some of this money even ended up supporting Russia's war efforts, helping the country avoid international sanctions. ...