HSBC has halted about $4 billion in planned private credit investments after suffering a $400 million loss tied to fraud at UK mortgage broker Market Financial Solutions.
The loss occurred when Market Financial Solutions allegedly double-pledged the same loans as collateral, first hitting private credit funds like Apollo before exposing HSBC’s hidden back leverage.
The decision signals growing caution in the $3.5 trillion private credit sector amid regulatory scrutiny, weakening lending standards, and high-profile bankruptcies
Anthropic dropped Claude Fable 5… and the government shut it down in under 72 hours.
The exact same thing happened 3 years ago.
One indie developer released something that made every major AI CEO nervous and forced them to testify before Congress.
It was called Auto-GPT.
Evinstein 𝕏 (@Evinst3in)
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