The Federal Reserve Bank of New York is taking a closer look at Wall Street banks' private credit lending, according to a report by Semafor. The 8:30 Hosts Jake Conley, Pras Subramanian, and Julie Hyman report more on this headline. Video Transcript 00:00 Speaker A Uh, we got the news from Semaphore, uh, I believe this came out this morning, that the New York Federal Reserve has been visiting some of the major banks on Wall Street to examine their lending to private credit firms. This includes JP Morgan, Wells Fargo, Barclays, Morgan Stanley, asking questions about their exposure, their risk management, the collateral quality.
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