Nonbank Lenders May Pose Risks to Traditional Banks as Private Credit Surges
Coming into 2024, PYMNTS spotlighted the appeal of private credit, also known as private debt, issued to corporates, and which offered up, and still offers, a capital lifeline to sustain operations. Traditional channels, chiefly through banks, have been tightening their lending activities, particularly to smaller firms, and that activity had been down double-digit percentages through […]
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