BREAKINGVIEWS-Private credit casts a shadow across Wall Street: podcast
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The hosts are Reuters Breakingviews columnists. The opinions expressed are their own.
By Aimee Donnellan and Jonathan Guilford
LONDON/NEW YORK, May 21 (Reuters Breakingviews) - Follow on Apple or Spotify. Listen on the Reuters app. Read the episode transcript.
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Bumper returns promised by the $3.5 trln non-bank lending industry are giving way to rising defaults and falling income. In this week’s Viewsroom, Breakingviews columnists discuss how old-guard financiers juiced the trade with extra leverage, and the fresh dangers it poses.
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FURTHER READING
Wall Street massages its private credit risk gauge
Private credit problems plumb new depths
Goldman Sachs dials up private credit risk-reward
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