Tag: Banking Crisis
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The Private Credit Crackup: Blue Owl, Redemption Gates, and the Liquidity Illusion
Khan Capital | March 2026 Key Takeaways For the better part of a decade, private credit was the asset class that could do no wrong. It offered equity-like returns with bond-like volatility, generated consistent income in a yield-starved world, and came wrapped in the institutional credibility of names like Blue Owl Capital, Apollo Global Management,…
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Private Credit Faces Its First Real Test
Khan Capital | January 2026 Key Takeaways For most of its existence, private credit has been tested by nothing more serious than a brief pandemic-era wobble that was immediately backstopped by the largest monetary intervention in history. The asset class grew from approximately $500 billion in 2015 to an estimated $1.7 trillion by mid-2025, powered…
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First Republic Bank Seized and Sold to JPMorgan
The second-largest bank failure in US history closes the acute phase of the 2023 banking crisis as JPMorgan absorbs First Republic’s $173 billion loan portfolio. Why the system survived but the competitive landscape has been permanently altered.
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Credit Suisse Emergency: UBS Forced Merger and AT1 Bond Wipeout
UBS acquires Credit Suisse for $3.2 billion as FINMA wipes out $17.2 billion in AT1 bonds, inverting the creditor hierarchy and sending shockwaves through the global CoCo market. What the largest AT1 loss in history means for bank capital markets.
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Banking Crisis 2023: Signature Bank, Silvergate, and Contagion Fears
Three US banks fail in five days as the crypto-banking nexus, interest rate risk, and social media-accelerated runs converge in the most acute banking panic since 2008. How the Fed’s emergency BTFP backstopped $600 billion in unrealised losses.
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Silicon Valley Bank Collapse: The Fastest Bank Run in History
The largest US bank failure since 2008 unfolds in 48 hours as $42 billion in deposits flee SVB in a single day. How a duration mismatch, social media-accelerated bank runs, and $600 billion in unrealised losses reshaped the banking landscape.
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Archegos Capital Collapse: The $30 Billion Margin Call
Khan Capital | March 2021 Key Takeaways On Friday 26 March 2021, banks began liquidating billions of dollars’ worth of stocks after a single client, Archegos Capital Management, failed to meet margin calls on its leveraged equity positions. By the time the fire sale was over, ViacomCBS had lost 27% of its value. Discovery plunged…