Banks and private credit
To reassert their edge over private credit, banks have gone to extraordinary lengths in recent years — from doing deals for free to one offer to stump up $10 billion of cash upfront for a buyout.
On the latest deals, they’re driving borrowing costs to the lowest in years, thanks to the creation of what Rudnicki Schlumberger reckons is about 160 new collateralized loan obligation funds.
Bloomberg 22 September 2025
“collateralized loan obligation,” or C.L.O
https://englundmacro.blogspot.com/2019/03/collateralized-loan-obligation-or-clo.html
The private credit market $1.5 trillion
https://englundmacro.blogspot.com/2023/05/the-private-credit-market-15-trillion.html

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