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Private credit funds in Europe are increasingly borrowing from banks to enhance performance, raising concerns about interconnectedness and default risks. Corporate defaults are at their highest rate since the financial crisis, with small lenders experiencing a record credit card default rate.
Corporate Defaults At Highest Rate Since Financial Crisis, Says S&P - @FT https://t.co/ObL65dXGKX
WARNING: Credit card default rate for small lenders have just hit a new record of 7.8% These levels have never been seen since 1991 https://t.co/DrCN9MF0bv
Private credit ties to banks deepen in Europe as default risk rises https://t.co/NNJObwEMQv https://t.co/NTRVEQ91qt