Apollo Global Management Partners With Banks to Trade Private Credit

JPMorgan Chase & Co. reportedly launched a $500 million leveraged loan and plans to sell $2.3 billion in high-yield bonds to support Flutter Entertainment’s purchase of Playtech’s Italian gambling business called Snaitech. Flutter Entertainment, owner of FanDuel, tapped a bridge facility for the deal, which...

JPMorgan Chase is reportedly earmarking another $50 billion for its direct lending efforts. It’s part of an effort by the banking titan to gain a greater foothold in the fast-growing private credit market, Reuters reported Monday (Feb. 24). As that report notes, traditional lenders like Wells Fargo, JPMorgan and Citigroup are...

JPMorgan’s latest results, released Friday (July 12), showed that consumers continued to use their cards in full force, for both debit and credit payments. And though there are pockets of weakness in spending from lower income cohorts, according to management, spending trends are still strong...

JPMorgan Chase & Co. Chairman and CEO Jamie Dimon and his family plan to sell 1 million shares of JPMorgan stock. They are doing so for financial diversification and tax-planning purposes, starting in 2024, the bank said in a Friday (Oct. 27) filing with the Securities and Exchange Commission (SEC). “This is...