The governor of the Bank of England, Andrew Bailey, has warned recent events in US private credit markets have worrying echoes of the sub-prime mortgage crisis that kicked off the global financial crash of 2008.
https://www.theguardian.com/business/2025/oct/21/bank-of-england-chief-warns-worrying-echoes-2008-financial-crisis-tricolor-first-brands
https://www.theguardian.com/business/2025/oct/21/bank-of-england-chief-warns-worrying-echoes-2008-financial-crisis-tricolor-first-brands
the Guardian
Bank of England chief warns of ‘worrying echoes’ of 2008 financial crisis
Andrew Bailey says a close look is needed at the private credit market after collapse of two big US firms