Jefferies Financial Group Inc

• Wall Street braced for a private credit meltdown. The risk of one is rising - Private credit is expected to grow from $3.4 trillion in 2025 to an estimated $4.9 trillion by 2029. Wall Street is starting to raise alarms about the risks.
• Tricolor executives charged with 'systematic fraud' after subprime auto lender roiled banking sector - Prosecutors allege senior managers orchestrated schemes that allowed Tricolor to obtain billions of dollars from lenders by misrepresenting collateral.