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US banks’ private-credit zeal fuels $348B pile of loans

Non-depository financial institution lending surged to $1.4T by yearend 2025

Bloomberg News

Wall Street has been pouring into private credit, fueling rapid growth in firms’ portfolios of loans to non-banks. Lending to so-called non-depository financial institutions has almost quadrupled over the past 10 years, surging to about $1.4 trillion as of the end of 2025, Moody’s Ratings said in a report Tuesday. Such lending makes up roughly […]

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