Wall Street sees this opaque corner of financial markets as the likeliest source of a credit crisis, Bank of America says
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- Shadow banking tops commercial real estate as the most likely source of a credit event, according to a BofA survey.
- Alarm has risen over private credit, given its rapid growth and loose oversight.
- Investors are still optimistic on the economy, and 68% expect a global soft landing.
Bank of America's latest Global Fund Managers survey found that shadow banking has surpassed commercial real estate as the likeliest culprit of a future credit event.
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