Tuesday, October 28, 2025

Will the Private Credit Bubble Burst?

A Private-Credit Winter Is Coming
https://www.wsj.com/opinion/a-private-credit-winter-is-coming-cb016ec5
Lenders quietly rewrite their collateral rules, which suggests a crisis waiting to happen.
 
City piles billions into shadow banking despite risk of ‘cockroaches’
https://www.telegraph.co.uk/business/2025/10/27/the-city-is-running-scared-of-shadow-bankings-cockroaches/
Finance giants on the back foot amid fears their push into private credit could go horribly wrong
 

How Bad Is Finance’s Cockroach Problem? We Are About to Find Out. 
https://www.nytimes.com/2025/10/27/opinion/financial-market-credit-loans.html