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Private Credit Risks Rise Amid Europe's Defense Spending Surge

3/15/2026

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Summary

Story summary

David Westin, host of The Wall Street Week newsletter, notes the growth of private credit firms.
Dan Tarullo cautions that opacity and illiquidity in these funds create risks, describing a yellow alert.
The ongoing war in Ukraine is prompting increased defense spending across Europe, with Sweden's Saab positioned to meet rising demand.
This shift reflects a broader change in defense policy among European nations.

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Story summary

David Westin, host of The Wall Street Week newsletter, notes the growth of private credit firms.
Dan Tarullo cautions that opacity and illiquidity in these funds create risks, describing a yellow alert.
The ongoing war in Ukraine is prompting increased defense spending across Europe, with Sweden's Saab positioned to meet rising demand.
This shift reflects a broader change in defense policy among European nations.