Why Bankers See Dollar Signs in Private Credit’s Meltdown

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 24 March 2026

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Mar. 24. Investors are trying to pull their money out of private-credit funds. WSJ banking reporter Alexander Saeedy joins to discuss why big banks like JPMorgan Chase see risk… and also reward. Plus, before Sunday’s collision at New York’s LaGuardia Airport, there were dozens of close calls in recent years. We hear from Jacob Passy, who covers travel for the Journal, about what regulators are trying to do about it, as well as the latest on the Laguarida investigation. And WSJ economics reporter Justin Lahart explains why CFOs think AI isn’t taking all the jobs. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	A Republican proposal offers to restore funding to the Department of Homeland Security,
0:08.4	except for $5 billion for ICE.
0:10.7	Plus, a new survey of CFOs has some good news for workers worried that AI will take their jobs.
0:16.5	Over and over, every new technology, people say, oh, it's going to destroy jobs.
0:20.7	And yet we have more and more jobs, like jobs have not disappeared.
0:24.3	So why would AI be different than pretty much every other technology that ever happened?
0:29.2	And the private credit meltdown is a big risk for big banks and also an opportunity.
0:35.1	It's Tuesday, March 24th.
0:37.1	I'm Alex O'Sullough for the Wall Street Journal.
0:39.7	This is the PM edition of What's News, the top headlines and business stories that move the world today.
0:48.8	Republican senators have proposed a deal to fund the Department of Homeland Security, but without
0:53.5	$5 billion for ICE. The offer moves lawmakers closer to a deal to fund the Department of Homeland Security, but without $5 billion for ICE.
0:55.6	The offer moves lawmakers closer to a compromise to end the six-week-long funding lapse.
1:00.5	The situation has deteriorated in recent days. Unpaid TSA agents skipping work has caused long security lines at airports.
1:07.9	Senate Minority Leader Chuck Schumer says Democrats are preparing a counteroffer
1:11.7	that includes demands for changes to immigration practices. So it's unclear whether relief
1:16.6	or travelers is coming anytime soon. Sunday's collision between an Air Canada regional jet
1:22.3	and an emergency truck at New York's LaGuardia Airport is the tragedy aviation authorities
1:27.4	have sought to prevent.
1:29.1	Federal data shows that between 2021 and 2025, there were 26 serious near misses on the runway.
1:36.2	U.S. aviation safety has long been viewed as the global gold standard.
1:40.7	Jacob, who covers travel for the journal, is here now with more.
	...

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