Bank of America disclosed $20 billion in private-credit exposure to investors, joining major peers in addressing market unease over asset valuations. The move follows broader anxiety in the $1.8 trillion private-credit sector, where fears of overpriced software-firm loans and AI-driven market shifts have triggered investor withdrawals. Banks like JPMorgan ($50 billion exposure) and Citigroup ($22 billion) have similarly disclosed holdings, emphasizing safeguards like equity cushions and zero losses in structured portfolios. Wells Fargo ($36.2 billion) and PNC ($7 billion) also highlighted their stakes, reflecting industry-wide transparency efforts.