© Reuters. FILE PHOTO: A JPMorgan emblem is seen in New York Metropolis, U.S., January 10, 2017. REUTERS/Stephanie Keith/File Photograph/File Photograph
(Reuters) -Wall Road banks together with JPMorgan Chase & Co (NYSE:) and Goldman Sachs Group Inc (NYSE:) want to begin buying and selling non-public credit score loans, Bloomberg Information reported on Wednesday, citing folks acquainted with the matter.
The banks are among the many corporations speaking to non-public debt funds about facilitating secondary-market transactions, in response to the report.
JPMorgan and Goldman Sachs declined to touch upon the report when contacted by Reuters.
Personal credit score is financing offered by a lender aside from a financial institution, akin to an funding fund. Investments within the asset class throughout rising and creating markets surged to report ranges in 2022 as debtors seemed for various financing choices amid rising rates of interest.
