Victoria Craig
speaker
1,335 appearances
27 recordings
2 series
first heard May 2025
last heard 31 Aug
Victoria Craig’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 24 in all, peaking in Aug 2026 with 11.
Appearances
Strains in private credit are worsening, and the boss of America's biggest bank has a warning for the UK's new Chancellor.
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Plus, US national debt is about to hit a grim milestone, but is there appetite to fix it?
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I'm Victoria Craig, and here's the news you need to start your day.
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The private credit industry is facing its biggest challenge in about a decade.
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Data crunched by the FT shows some of the largest funds are taking write downs on their private credit portfolios and they're warning about problem loans.
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The FT's US investment editor, Eric Platt, has been combing through the data and joins me now to talk about what he's found.
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Hi, Eric.
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So just quantify the scale of this challenge for me.
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What's happening?
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It's really interesting, Eric, because if we remember back to last year, we were hearing all of this talk about how private credit was booming.
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It was sort of the place to be in the market.
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So this is sort of a marked turn from that.
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And I wonder what's caused it, because as you point out in your piece, everyone's blaming everyone else, including you and others in the media.
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And we're talking about some of the biggest players in finance here.
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What are they doing to minimize the damage?
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Now, some of these executives have told investors that these fears are overblown and that most of the loans that they've underwritten are performing well.
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But Eric, is there a risk that some of this concern will spread to other corners of the financial market or potentially even destabilize the financial system in a bigger, broader way?
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I'm sure that will come as relief to some listening to this, at least for the time being.
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The FT's US investment editor, Eric Platt.
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Thanks so much for walking us through this.
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Showing 141–160 of 1,335 · page 8 of 67
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