07:01 AM EDT, 07/01/2024 (MT Newswires) -- Webster Financial ( WBS ) and Marathon Asset Management are close to forming a private credit partnership, Bloomberg reported Monday, citing unnamed sources with knowledge of the matter.

The agreement could be announced as early as this week, Bloomberg said.

Webster, based in Stamford, Connecticut, has a market capitalization of $7.5 billion, according to Bloomberg.

Representatives for Marathon and Webster did not immediately respond to MT Newswires' requests for comment.

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