Several major US banks have provided fresh disclosure on their exposure to private credit-linked lending, seeking to reassure investors about risk management practices as scrutiny of the sector intensifies, according to a report by the Wall Street Journal.
In quarterly earnings updates, lenders including Wells Fargo, JPMorgan Chase and Citigroup expanded on their financing to non-bank credit providers and described the collateral structures underpinning these exposures.
Wells Fargo reported appr...
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