People pass by one of the entrances of the JPMorgan Chase & Co., headquarters in New York City, U.S., April 1, 2026. REUTERS/Eduardo Munoz
People pass by one of the entrances of the JPMorgan Chase & Co., headquarters in New York City, U.S., April 1, 2026. REUTERS/Eduardo Munoz
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Business & Economy

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

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

Reuters could not independently verify the report. 

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

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