- JPMorgan held early-stage discussions with multiple private-credit firms about a second-look program for rejected co-brand credit-card applicants.
- Entities approached include Blue Owl, Blackstone, KKR, and Sixth Street.
- Program would let outside funding sources approve some applicants JPMorgan rejects, with private-credit firms taking on credit risk.
- Program targets co-brand partners such as United Airlines.
- JPMorgan spokesperson said the bank currently has no plan to launch such a program.
- JPMorgan has explored a second-look program that would allow private-credit firms to fund credit-card applicants rejected by the bank, per a Wall Street Journal report. The discussions are early-stage and the bank has no current plan to proceed.
The headline and the read are open. The reasons are one free account away, on every story.
One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.
BORSAPLUSWhy it matters · Bull and bear case · Reaction against SPY and the sector · What to watch
Create a free account · no card