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Home » Markets » Private credit bubble could lead to next financial crash, UBS chairman says
Markets

Private credit bubble could lead to next financial crash, UBS chairman says

Crypto Observer StaffBy Crypto Observer StaffNovember 28, 2023No Comments1 Min Read
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UBS UBS Chairman Colm Kelleher has warned a growing private credit bubble risks becoming the cause of the next financial crisis. 

Speaking at the Financial Times Global Banking Summit in London on Tuesday, the veteran banker warned of the risks surrounding private credit, as he warned that a single incident could spark a “crisis in confidence” that leads to a major crash. 

“There…

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