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Banks Are Playing Long Game in Push to Trade Private Credit

Banks Are Playing Long Game in Push to Trade Private Credit

Bloomberg4 days ago
When the six largest Wall Street banks announced this week they had collected over $20 billion of revenue by trading fixed-income products in a volatile second quarter, one of the most in-demand segments of the debt world was conspicuously absent from those figures: private credit.
Gaining a foothold in trading traditionally illiquid private credit has proved elusive for traditional lenders. Even so, more banks are getting into the mix, establishing their own efforts to buy and sell private loans in a bet that volumes will ultimately pick up.
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