Wall Street Private-Credit Detente Reaches Apollo, Citi

The once-frosty relationship between private lenders and banks is thawing, as evidenced most recently by Apollo Global Management Inc.'s $25 billion venture with Citigroup Inc., Bloomberg's Sonali Basak says. Today's Wall Street Beat on "Bloomberg Open Interest" teed up the question: Do lower interest rates start to sap the appetite for private credit?
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