(HecdgeCo.Net) Bank of America’s decision to commit $25 billion of its own balance sheet to private credit is more than a new initiative—it’s a signal that the boundary between banks and alternative asset managers is continuing to blur, and that the private credit boom has reached a stage where the largest U.S. lenders can no longer afford to stand on the sidelines.
Reuters flagged ongoing concerns about credit quality and exposures, including sensitivity to sectors facing disruption. In 202...
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