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.
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