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CEO Warns Credit Concerns Could Disrupt Markets

10/20/2025

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Summary

Story summary

Harvey Schwartz, CEO of The Carlyle Group, warned that credit is on a 'worry list' in a late economic cycle and that any news could disrupt markets.
He noted there has not been a recession-driven credit cycle for a long time.
That absence fuels public concern over credit underperformance.
He clarified that a credit cycle would not necessarily signal a systemic collapse.
The remarks came in a Bloomberg News interview.

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Story summary

Harvey Schwartz, CEO of The Carlyle Group, warned that credit is on a 'worry list' in a late economic cycle and that any news could disrupt markets.
He noted there has not been a recession-driven credit cycle for a long time.
That absence fuels public concern over credit underperformance.
He clarified that a credit cycle would not necessarily signal a systemic collapse.
The remarks came in a Bloomberg News interview.