Banks are now trying to offload the AI data center debt they just underwrote

Automated excerpt

Now some of the same banks are trying to get that debt off their books. A group of banks including JPMorgan and MUFG has spent more than six months trying to distribute $38 billion in construction debt tied to a Texas and Wisconsin data center project leased to Oracle, Bloomberg has reported. Banks do not sell down debt they are confident in.

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