03:54 PM EST, 02/19/2026 (MT Newswires) -- Bank of America ( BAC ) is committing $25 billion of its own capital to private-credit deals, Bloomberg reported Thursday, citing people with knowledge of the matter.

The company will invest in private-credit opportunities, with plans to originate the deals from its capital-markets division, according to the report.

Bank of America ( BAC ) tapped Anand Melvani as head of private credit within its global capital-markets division, while he will retain his role as head of Americas leveraged finance, Bloomberg said, citing an internal company memo.

Bank of America ( BAC ) did not immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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