Financials Down as Private-Credit Fears Resurface - Financials Roundup

Dow Jones03-06 06:30

Shares of banks and other financial institutions slid as private-credit fears resurfaced.

BlackRock shares fell after the asset manager wrote down the value of another loan in its private-credit portfolio.

The world's biggest asset manager recently wrote off a $25 million loan it had extended to Amazon aggregator Infinite Commercial Holdings.

While relatively small, the action was another reminder of the risks non-bank lenders have taken by concentrating activity in a technology industry that's in a state of upheaval due to the rapid advances in artificial intelligence.

Berkshire Hathaway Chief Executive Greg Abel directed the conglomerate to buy back its own shares this week for the first time in nearly two years, a departure from predecessor Warren Buffett's recent decisions to avoid repurchases.

 

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

March 05, 2026 17:30 ET (22:30 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment