'JPMorgan Is Said To Seek Out Partner For Private Credit Push' - Bloomberg
Portfolio Pulse from Benzinga Newsdesk
JPMorgan Chase & Co. is reportedly seeking a partner to expand its private credit business. The bank is looking to tap into the growing market for private credit, which includes loans to companies that are not publicly traded or are too small to issue bonds.
November 01, 2023 | 3:56 pm
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JPMorgan Chase & Co. is seeking a partner to expand its private credit business. This move could potentially increase the bank's revenues and diversify its income sources.
JPMorgan's move to expand its private credit business could potentially increase its revenues as it taps into a growing market. This could also diversify the bank's income sources, reducing its reliance on traditional banking operations. However, the impact will depend on the success of the partnership and the growth of the private credit market.
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