Private credit fears loom large over Europe’s banks this earnings season

Banking executives in Europe have moved to calm investor concerns over private credit risks, as lenders' exposure to the troubled sector re-emerged during earnings season. Barclays revealed a £15 billion ($20.3 billion) exposure to private credit in its first quarter earnings statement on Tuesday. This formed part of an overall structured financing exposure to non-bank financial intermediaries, totaling £66 billion, which also included an additional £1 billion tied to business development …