JPMorgan Reportedly Looking to Expand Private Credit Business
JP MORGAN CHASE(JPM) pymnts.com·2024-05-23 23:01
JPMorgan Chase is reportedly moving deeper into the uber-popular world of private credit.That’s according to a report Thursday (May 23) by Bloomberg News, which notes that the banking giant is hoping to bolster its $3.6 trillion asset management business.Sources tell Bloomberg that JPMorgan held discussions recently to purchase the Chicago-based Monroe Capital, though both sides ultimately decided to walk away. PYMNTS has contacted JPMorgan for comment but hasn’t yet gotten a reply.The report notes that JPM ...