Banks are owed $349B by private credit funds that may not be collecting cash from borrowers
Private credit funds can count interest as income even when the borrower hasn't sent them any cash, because some loan contracts let businesses add interest to what they owe. That gives a company more time to pay, but it doesn't extend the same courtesy to the fund, which could have borrowed money from a bank… Read the…
Read it in your languageMachine translation by Google of the publisher's page
More in Finance
From the blog
Crypto Markets Stumble Following Binance Breach, BNB Slides 8%
Cryptocurrency markets faced heavy losses and $1.5 billion in liquidations following a major security breach at Binance, which saw an…
Yuki Yamamoto3 min read
RUNE Surges Following Binance Hack Funds Movement Through THORChain
THORChain's native token RUNE surged over 13% to reach $0.67 after analysts traced funds linked to a massive $6.3 billion…
Yuki Yamamoto3 min read
Binance Exploit Reveals How Ethereum Permission Cost $2.5 Billion
A massive Binance exploit reveals how an attacker allegedly leveraged Ethereum EIP-7702 authorization to drain approximately $2.5 billion from a…
Yuki Yamamoto3 min read