PNC Gives Update on Private Business Lender Exposure
That's PNC Financial's exposure to private business lenders, including private-credit funds. The bank said that $7 billion of that figure is in the form of loans to private-credit providers, a focus of jittery investors in recent months. The remainder, $26 billion, is in the form of trade receivabl
That's PNC Financial's exposure to private business lenders, including private-credit funds.
The bank said that $7 billion of that figure is in the form of loans to private-credit providers, a focus of jittery investors in recent months. The remainder, $26 billion, is in the form of trade receivabl
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