$4B wiped out: First Brands bankruptcy sends shockwaves through CLO markets and exposes hidden cracks in Wall Street’s debt machine. 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 …

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Constitutional Court Ruling Sends Shockwaves Through Germany: 60 Billion Euro Gap Emerges, and Subsidies for Covering Higher Energy Prices Go ‘South Park’ Style

The recent ruling by the German constitutional court, declaring the government’s Climate Budget fund as illegal and unconstitutional, has delivered a sudden blow, tearing a significant 60-billion-euro hole in the budget virtually overnight. With an additional 200 billion euros at …

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