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HSBC moves away from riskier private credit deals

privateequitywire

1 month ago

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HSBC is halting lending to riskier private credit clients, becoming the latest major bank to reduce exposure to the asset class following a series of corporate collapses, according to a report by the Financial Times.
Europe’s largest bank has reportedly told clients in recent weeks that it will not renew facilities for private credit funds where returns are not seen as sufficient to justify the risk. The bank will instead focus on lending to lower-risk private credit funds.
The move relates to b...

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