Morningstar
Dow Jones Top Financial Services Headlines at 12 AM ET: The 'Buy, Borrow and Die' Wealth Strategy Has Become a $5 Trillion Market | A ...
xCruzo Brief
A Deloitte study says the “buy, borrow and die” wealth strategy has expanded into a $5 trillion market, driven by stock-based loans for billionaires and other high-net-worth borrowers. The report flags a potential “debt wall” as private-equity-backed companies face large repayments, with software firms making up about a third of risky corporate loans due in 2028 and 2029. The roundup also notes market pressure tied to Brazil after an unexpected Lula election win, including Santander shares down nearly 4%. Other items include Moody’s keeping France’s credit rating steady, American Express cutting 3,500 jobs, and Citi receiving Chinese regulatory approval to set up a wholly owned securities venture.
xCruzo quick-read summary • Source: Morningstar • Read the full article for complete information.





