Marco Rubio is competing against JD Vance to be the next Republican presidential nominee. He is trying not to lose the MAGA base, but struggling to junk his old Republican roots.
UCBs accounted for 1.8% of total industry credit in September 2025—down from 2.2% five yrs ago—showing that they are losing ground to faster PSU banks.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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