Wall Street banks trade derivatives to bet on pain in private credit, FT reports-April 2024-www.financetom.com

Wall Street banks trade derivatives to bet on pain in private credit, FT reports

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Wall Street banks trade derivatives to bet on pain in private credit, FT reports

Apr 16, 2026 9:50 PM

April 17 (Reuters) - JPMorgan Chase ( JPM ), Barclays ( BCS ) and other Wall Street banks have started trading credit default swaps against flagship private credit funds run by Blackstone, Apollo Global and Ares Management ( ARES ) in recent days, the Financial Times reported on Friday.

Reuters could not independently verify the report.

(Reporting by Chandni Shah in Bengaluru; Editing by Mrigank Dhaniwala)

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