BofA Discloses $20 Billion of Loans to Private-Credit Firms.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Doherty, Katherine 3 of 3

Abstract

The article focuses on major U.S. banks' disclosures of their exposure to the private-credit market, which totals approximately $1.8 trillion and has faced recent volatility due to valuation concerns and the impact of artificial intelligence on software borrowers. Bank of America Corp. reported about $20 billion in private-credit exposure, with mechanisms to mark down collateral if credit quality declines. Other banks, including JPMorgan Chase & Co., Wells Fargo & Co., Citigroup Inc., and PNC Financial Services Group Inc., also revealed their private-credit exposures ranging from $7 billion to $50 billion. These institutions emphasized structural protections and equity cushions in their portfolios to reassure investors amid heightened redemption requests in retail funds. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2026
  • Accession Number:193010084
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