All articles tagged with #withdrawals
Chad said it is beginning the process to withdraw from the International Criminal Court, making it the fifth country in months to quit amid U.S. pressure and accusations of bias; the Sahel state follows Burkina Faso, Mali, and Niger, with Venezuela also pulling out as Washington intensifies its campaign against the ICC.
A 2026 Allianz Retirement Study finds that 39% of retirees hesitate to spend to preserve balances, and 32% say drawing down after decades of saving feels wrong, driven by fears of outliving savings plus rising healthcare and housing costs amid inflation. The research also shows that 77% would feel less spending-anxious with guaranteed income in retirement, highlighting the value of converting part of assets into guaranteed income and building a formal spending plan to support decumulation rather than survival withdrawals.
Blackstone has capped withdrawals from its flagship Blackstone Private Credit (BCRED) fund at 5% of shares after redemption requests hit 10% in Q2 (about $4.5 billion) for the $79 billion non-traded BDC; Blackstone shares were up about 1.6% in premarket trading.
Two-thirds of the Freedom 250 lineup have withdrawn amid concerns that the nonpartisan event is effectively Trump-backed, with artists like Martina McBride, Bret Michaels, and Young MC criticizing the framing; remaining acts include C+C Music Factory, Vanilla Ice, and Flo Rida, as organizers reiterate the festival’s nonpartisan mission and plan performances on the National Mall during the Great American State Fair in late June to early July.
Seven more NCAA early entrants withdrew from the NBA draft before the NCAA deadline, with many planning transfers for the 2026–27 season (Davis to Missouri, Dawes to Kansas, Dynes to Louisville, Elmer to Wisconsin, Rancik to Florida State, Watts to Washington; Hutchinson remains in the portal). These seven, not previously on ESPN’s top-100 for 2026, bring the number remaining in the draft pool to 26, while 34 withdrew by the deadline. The NBA’s June 13 withdrawal deadline is the next key date.
Rising loan defaults, asset-quality markdowns, and withdrawal caps are puncturing the private-credit world’s “zero‑loss” narrative, prompting a painful but potentially healthy reset that could spur tighter underwriting and valuations; analysts see default spikes of 8%–9% as painful but not systemic, with stress concentrated in AI‑sensitive software and highly leveraged borrowers.
Private credit funds—reaching about $3 trillion—are under scrutiny after Blackstone and Blue Owl faced sizable withdrawals, underscoring concerns about opacity and risk as the market grows to retail investors and potentially faces a shakeout despite remaining a flexible financing option for borrowers.
Blue Owl Capital Corp. II, a $1.6 billion private-debt fund, has abandoned plans to resume withdrawals and will return about 30% of NAV this quarter after its manager sold $1.4 billion of loans to large pension and insurance buyers (including $600 million from the fund). Mohamed El-Erian weighed in on the development, drawing Bear Stearns parallels and warning of broader risks in private credit, even as related Blue Owl vehicles trade well below NAV and the parent’s stock has tumbled.
OregonSaves, a state-run retirement savings program with $430 million in assets, has successfully enrolled 180,000 residents, but many are withdrawing funds early, leading to an average account balance of only $3,000. Despite its growth and success in encouraging saving, the frequent withdrawals, often for emergencies, hinder long-term retirement preparedness, highlighting the challenges of encouraging consistent savings.
During Trump's second term, a record number of personnel nominations have been withdrawn or delayed due to rapid nomination pace and vetting issues, prompting concerns from Senate Republicans about the quality and thoroughness of the vetting process.
Multiple golfers withdrew from the Wyndham Championship due to weather and injuries, including notable players like Akshay Bhatia and Erik van Rooyen. Rory McIlroy announced he will skip the upcoming FedEx St. Jude Championship to rest and manage his schedule, despite his high standing in the FedEx Cup standings. The tournament and playoff race are shaping up with key players making strategic decisions.
Several players withdrew from the upcoming John Deere Classic, leading to last-minute replacements, including young talents and former winners, promising an exciting week of golf at TPC Deere Run.
The RBC Canadian Open is facing chaos as multiple top golfers, including veteran Matt Kuchar and Rory McIlroy, withdraw at the last minute, leading to tournament adjustments and media controversies.
The 2025 NBA Draft deadline saw significant decisions with players like Yaxel Lendeborg and Labaron Philon choosing to return to college, boosting their teams' prospects, while others like Cedric Coward and Adou Thiero moved on to the NBA, impacting their programs. The event highlighted the influence of NIL deals and the shifting landscape of college and professional basketball, with winners including Michigan and Florida, and losers like Duke and Arkansas. NBA second-round talent pool is shrinking as more players opt to stay in college.
Florida's Alex Condon has withdrawn from the 2025 NBA draft to return for his junior year, citing a good situation at Florida and ongoing development. Several other prospects are also withdrawing from the draft to return to college or transfer to different schools, reflecting a trend of players reassessing their NBA prospects.