JPMorgan, Goldman plan to start trading private credit loans – Bloomberg News

Updated : Mar 29, 2023, 23:01 UTC1min read
(Reuters) – Wall Street banks including JPMorgan Chase & Co and Goldman Sachs Group Inc are looking to start trading private credit loans, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Most Popular

(Reuters) -Wall Street banks including JPMorgan Chase & Co and Goldman Sachs Group Inc are looking to start trading private credit loans, Bloomberg News reported on Wednesday, citing people familiar with the matter.

The banks are among the firms talking to private debt funds about facilitating secondary-market transactions, according to the report.

Advertisement
Know where Gold is headed? Take advantage now with

Your capital is at risk

JPMorgan and Goldman Sachs declined to comment on the report when contacted by Reuters.

Private credit is financing provided by a lender other than a bank, such as an investment fund. Investments in the asset class across emerging and developing markets surged to record levels in 2022 as borrowers looked for alternative financing options amid rising interest rates.

(Reporting by Mehnaz Yasmin in Bengaluru)

Don't miss a thing! Sign up for a daily update delivered to your inbox

Latest Articles

See All