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Wall Street Banks Set to Reclaim Market Share from Private Credit

3/28/2026

24 6 Full Breakdown

Summary

Story summary

Wall Street banks are poised to reclaim market share from private credit lenders as regulations ease and rates fall.
After a decade of growth, private credit faces rising default risk and growing liquidity demand.
Moody's chief economist Mark Zandi said banks' buyout financing rose from 39% in 2023 to over 50% in 2025.
The Basel III Endgame framework, which has limited bank competitiveness, may weaken, boosting banks' ability to compete.

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Story summary

Wall Street banks are poised to reclaim market share from private credit lenders as regulations ease and rates fall.
After a decade of growth, private credit faces rising default risk and growing liquidity demand.
Moody's chief economist Mark Zandi said banks' buyout financing rose from 39% in 2023 to over 50% in 2025.
The Basel III Endgame framework, which has limited bank competitiveness, may weaken, boosting banks' ability to compete.