Goldman Sachs Group (GS) has emerged as the leading bidder to acquire Palmer Square Capital Management, a credit manager that oversees $37 billion, Bloomberg reported Tuesday, citing people familiar with the matter.

The two sides are in talks, but no final decision has been made and the talks could fall through, the report said, citing the people.

Goldman Sachs and Palmer Square did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)