Major American lenders are expected to be safe from any Evergrande fallout due to reportedly limited exposure to the troubled Chinese property giant.
Evergrande’s principal bank list contains no U.S. banks, according to a report from debt research firm CreditSights.
Goldman Sachs and J.P. Morgan appear on Evergrande’s bondholder lists but mostly through their asset management units and «at small ultimate dollar amounts».
No Lending Exposure
Separately, Citi and Bank of America are also believed to have no direct lending exposure to Evergrande, according to a «Bloomberg» report citing unnamed sources, adding that the latter lender does not even have indirect exposure because its China business is limited to subsidiaries of U.S. companies.
«Our indirect exposure through counterparty credit risk is small and with no single significant concentration,» said a spokesperson for Citigroup.
