First Brands BANKRUPTCY shakes credit markets:
The collapse WIPED OUT $4 billion in leveraged loans held across ~80 CLOs from PGIM, Franklin Templeton, Blackstone, and others.
The sudden failure is a major warning for the broader credit market and leveraged loan sector…
More corporate failures to come?
⚠️First Brands BANKRUPTCY shakes credit markets:
The collapse WIPED OUT $4 billion in leveraged loans held across ~80 CLOs from PGIM, Franklin Templeton, Blackstone, and others.
The sudden failure is a major warning for the broader credit market and leveraged loan sector…… pic.twitter.com/MrKRlpXHox
— Global Markets Investor (@GlobalMktObserv) October 17, 2025
If you have to say it’s sound…
— proteinshakes92 (@proteinshakes92) October 17, 2025
Shares of Zions Bancorp plunged 12% after it disclosed a $50 million charge-off for a loan underwritten by its wholly-owned subsidiary, California Bank & Trust, in San Diego.
byu/Boo_Randy_II ineconomy
"This Is Crazy": Goldman Stunned By Regional Bank Meltdown; Its Clients Demand Answers To These 3 Questions https://t.co/TDCv4PAzrg
— zerohedge (@zerohedge) October 17, 2025
Regional banks, Jefferies shares tank as concerns about sour loans grow on Wall Street