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Wall Street in New York City on April 4, 2025. Samira Bouaou/The Epoch Times
Following the bankruptcies of subprime auto lender Tricolor and auto parts supplier First Brands Group, which rattled the credit markets, a Moody’s report has sounded the alarm over U.S. banks’ high exposure to private equity and private credit.
U.S. banks’ exposure to private equity has reached $300 billion, Moody’s Investors Service revealed in an Oct. 21 report.
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