April 17 (Reuters) - JPMorgan Chase, Barclays and other Wall Street banks have started trading credit default swaps against flagship private credit funds run by Blackstone, Apollo Global and Ares Management in recent days, the Financial Times reported on Friday.
Reuters could not independently verify the report.
(Reporting by Chandni Shah in Bengaluru; Editing by Mrigank Dhaniwala)
Barclays PLC is one of Britain's leading banking groups. The activity is organized around three sectors:
- commercial banking: at the end of 2025, owned 206 branches worldwide;
- financing, investment, and market banking: specialized financing (acquisitions, projects, etc.), portfolio management, transactions on the stock, interest, exchange, and raw material markets, stock trading, merger-acquisition consulting, investment capital, etc.;
- credit cards issuing.
At the end of 2025, the group managed GBP 565.2 billion in current deposits and GBP 337.9 billion in current credits.
Income breaks down geographically as follows: the United Kingdom (54.2%), Europe (7.8%), Americas (32.8%), Asia (4.9%), Africa and Middle East (0.3%).
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