00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Capital One shares traded lower Monday afternoon as selling hit U.S. bank and asset management
00:07stocks over concerns about private credit and AI-exposed lending, according to Benzinga.
00:12Selling intensified after Blue Owl Capital said it would liquidate about $1.4 billion
00:17in loans to meet redemptions in a private credit fund, raising concerns about funding
00:22strains and potential markdowns. Capital One shares are under pressure as investors worry
00:27that its reliance on unsecured consumer lending could hurt margins and increase reserves
00:32in a stressed credit environment. The stock is often treated as a proxy for broader consumer
00:37credit risk. Concerns about AI-exposed software borrowers are adding pressure on bank earnings
00:42and credit quality. Capital One is down 3.87% over the past 12 months.
00:48Shares closed down by 8.84% at $190 on Monday's close, according to Benzinga Pro data.
00:54For all things money, visit Benzinga.com.
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