Zions CEO Cautions of ‘Yellow Flag’ in Private-Credit Market

Zions Bancorp NA Chief Executive Officer Harris Simmons warned that the speedy expansion of private credit could lead to risks down the line, adding to the debate between banks and private lenders over who’s responsible for a series of recent high-profile collapses.

“If I think there’s a risk out there, I think it’s probably in private credit,” Simmons said on an earnings conference call late Monday. “When you get something growing as quickly as that’s been growing and with the magnitude of the size of that sector — at least there’s a kind of a yellow flag.”

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