What is private credit, and should we be worried by the collapse of US firms?

<p>First Brands and Tricolor failures raise concerns for wider financial sector, including traditional banks</p><p>The collapse of two US firms, First Brands and Tricolor, has shone a light on private credit and its growing influence in the global economy.</p><p>The failures have led to ballooning losses at traditional banks, and, coupled with <a href="https://www.theguardian.com/business/2025/oct/17/global-stock-markets-fall-and-gold-hits-record-high-amid-jitters-over-us-banks">worries about the health of US regional banks</a>, have raised concerns about weak lending standards and potential threats from an opaque corner of the so-called shadow banking sector.</p> <a href="https://www.theguardian.com/business/2025/oct/18/what-is-private-credit-us-first-brands-tricolor-banks">Continue reading...</a>