Bank of America Allocates $25 Billion to Private-Credit Market

Bank of America is dedicating $25 billion to private-credit transactions, aligning with other major Wall Street firms in leveraging its balance sheet for lending in this expanding sector. Bloomberg posted on X, highlighting the bank's strategic move as it seeks to capitalize on the burgeoning private-credit market. This initiative reflects a broader trend among financial institutions to engage more deeply in private lending, which has been gaining traction as an alternative to traditional financing methods. The commitment underscores the bank's confidence in the growth potential of private credit, as it aims to enhance its presence and competitiveness in this area.