Credit

Apollo’s Marc Rowan Pushes Back on UBS Chair’s Private Credit Warning

Apollo’s Marc Rowan Pushes Back on UBS Chair’s Private Credit Warning

Finance

The tension between big banks and private credit giants is flaring up again. The latest tussle started as the chair of UBS warned about risks in the US insurance industry due to private financing.Colm Kelleher warned that the “lack of effective regulation” in the insurance industry is causing a “looming…