Banks, Private Credit Need to Team Up for Sake of New Economy

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Investment banks will need to work with private credit in order to satisfy the massive capital expenditure requirements for the new economy including digitization and decarbonization, said Hoby Buvat, co-head of capital markets EMEA at Deutsche Bank, speaking on Bloomberg TV.

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Banks Are Now Targeting Some of Private Credit’s Riskiest DebtInvestment banks including Goldman Sachs Group Inc. are pitching broadly syndicated refinancings of some of the riskiest types of private credit, in the latest sign that Wall Street is trying to poach back business from direct lenders.
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