HSBC: Private Credit Has ‘Fundamentally Changed’ Credit Markets

The size of private credit markets has quadrupled in the last decade, says Gerry Keefe, HSBC Head of Banking for Europe and Americas. And despite a few high profile credit defaults in the in the last few months including Tricolor and First Brands, Keefe insists that "just because something is private credit, doesn't mean it's risky." He spoke to Bloomberg's Joumanna Bercetche on "The Pulse." (Source: Bloomberg)