EconomyApollo Muscles In on Wall Street’s Turf With $300 Billion in Loans
Apollo, once known as an aggressive private-equity firm, is expanding into territory long dominated by major banks. With $300 billion in loans, it is competing with banking stalwarts including JPMorgan and Goldman Sachs for blue-chip deals. The shift places Apollo more directly against Wall Street’s established lending powerhouses. Its growing role marks a broader contest for high-quality corporate business.
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Apollo Muscles In on Wall Street’s Turf With $300 Billion in Loans
Economy