BofA sharpens focus on private credit, despite rising fears

Key insight: Bank of America is putting more focus on private-credit lending as the sector's needs continue to grow.What's at stake: Banks are getting more entangled with asset managers in the $1.8 trillion private credit market at a time when the tide may be shifting for the business.Supporting data: As of the third quarter 2025, banks with more than $100 billion of assets held about 86% of the industry's loans to nonbank financial institutions, according to a Federal Deposit Insurance Corp. analysis.Wall ...