BLACKROCK CUTS ITS FEES AND VALUE OF ITS PRIVATE FUND BY 19% AS THE BIG BANKS SEEK LESS REGULATION Air Force One (CHKotrYvVe)

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Blackrock TCP Capital Corp shares drop 8% as the company announces plans to cut the net asset value per share of its publicly traded lending fund and reduce its management fees. The fund has struggled from troubled private credit investments. Meanwhile, the too big to fail banks are pushing for less regulation so they can dive into the multi-trillion dollar private credit market. What could go wrong.

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