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Stay sharp, stay savvy, and enjoy the long weekend!
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Private credit — lending outside traditional banks — has exploded to around $1.7 trillion globally.
Instead of borrowing from banks, companies are increasingly turning to private funds, institutional investors, and alternative lenders for financing.
The appeal is obvious: • Faster approvals
• Flexible lending structures
• Less regulation than traditional banks
But some regulators and major banks are beginning to sound the alarm.
Why?
Because parts of the market operate with limited transparency, and risks like hidden leverage, liquidity mismatches, and concentrated exposures can build beneath the surface.
In simple terms:
When markets are strong, private credit can look like a smooth alternative to banks.
But if economic conditions tighten, investors may discover the risks are harder to unwind than expected.
Private credit has become one of the fastest-growing areas of global finance — and one that many outside the industry still know very little about.
It’s definitely a space worth watching.
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“Goldman Sachs CEO David Solomon is warning about private credit.
He says the boom in private lending doesn’t mean the credit cycle has disappeared.
In simple terms — defaults will happen, and some loans could be hard to value or sell if markets turn.
Another potential risk building in the financial system.”
FFN | Sydney 🇦🇺
From 1 October 2026, the RBA bans surcharges on card payments. No more extra fees for Visa, Mastercard or EFTPOS — costs now included in prices. Could save Aussies $1.6B a year, but some businesses warn prices may rise instead.
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EU–Australia Free Trade Deal: A Game Changer for Global Trade.
After 8 years of negotiations, the European Union and Australia have finalised a comprehensive Free Trade Agreement a move set to reshape economic ties between Europe and the Indo‑Pacific.
Here’s why this matters for global markets and business leaders:
Tariff reductions
The deal eliminates tariffs on the vast majority of goods traded between the EU and Australia, opening up duty-free pathways for exporters.
Access to critical minerals
Australia’s lithium, aluminium, and manganese become more competitive in EU markets, strengthening supply chains for energy transition and high-tech industries.
New market opportunities — Services, investment, and digital trade provisions are expected to unlock growth avenues for companies on both sides, alongside clearer regulatory frameworks and cooperation on standards.
Beyond trade — The agreement also reflects shared strategic interests, complementing a broader Security & Defence Partnership.
Why it matters for business:
• New export pathways for SMEs and large exporters
• Enhanced competitiveness and lower costs for consumers
• Diversification of global trade networks amid geopolitical uncertainty
While some agricultural sectors in Australia have voiced concerns, the overall economic impact is significant. This deal isn’t just about tariffs — it’s about strengthening global value chains, strategic cooperation, and future-focused economic integration.
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FFN 🇦🇺
Australia will cut fuel tax for three months, reducing petrol and diesel prices by about 26 cents per litre to ease cost-of-living pressure on households.
The temporary move is expected to save motorists around $15–$20 per tank, but will cost the federal budget billions.
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FFN 🚨 | BIG TECH
Meta and YouTube have been fined after a U.S. jury ruled their platforms were designed in ways that could encourage addictive use among young people.
The case could open the door to more lawsuits against social media giants and raises fresh questions about how tech platforms design their algorithms.
Big Tech regulation is back in focus.
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🚨 FFN | US Finance Update
Bank of America has agreed to a $72.5M settlement in a lawsuit brought by women who alleged the bank helped facilitate Jeffrey Epstein’s sex-trafficking operation by ignoring suspicious financial activity linked to his network.
The bank denies wrongdoing, saying the settlement is to resolve the matter.
The case follows similar payouts by JPMorgan ($290M) and Deutsche Bank ($75M) tied to Epstein-related claims.
Epstein died in jail in 2019 while awaiting trial.
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