Many top European bankers did not do themselves any favors when pressed on the private credit bust, preferring to hide behind semantics or deflect at every chance. One who stood out was Deutsch Bank’s vice chair of global macro who bluntly stated if it wasn’t for Iran the private credit crisis would be all anyone would be talking about right now. For whatever the political spin among the rest of them, European bank balance sheets don’t lie. Wait until you see what they’ve been up to.

Eurodollar University's Money & Macro Analysis

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With credit market developments escalating even more, and major market moves accompanying them, we're going to go over where everything stands but also look forward at the potential scenarios coming out of what continues to look like a global bust.

To watch a replay of our webinar, click below.
https://youtube.com/live/dkgSJvjWs5M?feature=share

To take advantage of our limited-time Eurodollar University subscription offer to get access to all EDU materials, reports, and data, visit the link below:

https://www.eurodollar.university/webinar-offer

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Think private credit fears are overblown? Think again, says Deutsche
https://www.afr.com/markets/equity-markets/think-private-credit-fears-are-overblown-think-again-says-deutsche-20260327-p5zj5n

Private Credit Jitters Put European Banking Chiefs on Defense
https://www.bloomberg.com/news/articles/2026-03-19/private-credit-jitters-put-european-banking-chiefs-on-defense

ECB to Start Fresh Checks on Banks’ Private Credit Exposures
https://www.bloomberg.com/news/articles/2026-03-24/ecb-to-start-fresh-checks-on-banks-exposure-to-private-credit

German Business Outlook Sinks as Iran Puts Recovery ‘on Ice’
https://www.bloomberg.com/news/articles/2026-03-25/german-business-outlook-sinks-as-iran-war-puts-recovery-on-ice

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

The European Banking System Just Did Something VERY Strange