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00:02JPMorgan Chase shares fell Monday afternoon as investors sold financial stocks amid concerns
00:07over private credit and AI-linked credit risks, according to Benzinga. The State Street Financial
00:13SBDR ETF fell more than 3%, led lower by declines in big banks and asset managers.
00:20Blue Owl Capital moved to liquidate about $1.4 billion of loans to fund redemptions
00:25after scrapping a merger involving its OBDC2 fund. Headlines about halting redemptions,
00:31which Blue Owl's CEO called a mischaracterization, heightened fears of investor exits from illiquid
00:36credit products and potential forced sales. JPMorgan has no direct Blue Owl exposure,
00:41but it provides financing and risk management to alternative lenders. Markets are weighing
00:46potential wider credit spreads, higher capital charges, and mark-to-market pressure.
00:50Shares were down by 4.22% at $297.67 at Monday's close, according to Benzinga Pro data.
00:59For all things money, visit Benzinga.com.
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