alt Hacker News> the top five lenders in the private credit market include Wells Fargo, which leads the way with $59.7bn (£44.8bn) in lending
anything Wells Fargo leads in must be bad
> the top five lenders in the private credit market include Wells Fargo, which leads the way with $59.7bn (£44.8bn) in lending
anything Wells Fargo leads in must be bad
Actually I believe they're just actually complying with new laws to disclose their balance sheets for these types of loans. Many other banks like JP Morgan have much higher amounts of these loans on their balance sheets, but refuse to report and are exploiting certain loopholes.
The requirement to disclose has only existed for a year I believe, but many are kicking the can or claiming that it would cause them issues.