The Big Banks Want Their Lucrative Lending Back
- Meanwhile, US bankruptcy courts are getting busy again
- China’s ailing property sector gets a fresh round of support
The JPMorgan Chase headquarters in New York.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Editor’s Note: Welcome to Credit Weekly, where Bloomberg’s global team of reporters will catch you up on the hottest stories of the past week while also offering you a peek into what to expect in credit markets for the days ahead.
One of the biggest shifts within debt markets during the past decade has been the rise of private credit. That’s where alternative asset managers like Blackstone, Ares and Apollo make loans directly to companies — usually the small or less-creditworthy ones — after traditional banks pulled back amid pressure to curb their riskier activities.