Finance

Biggest US Banks Are Shaking Off Private Credit Fears

The biggest US banks spent the past week tallying a combined more than $185 billion exposure to private credit, an asset class that’s come under pressure in recent months.Photographer: John Taggart/Bloomberg

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By Yizhu Wang

April 17, 2026 at 5:15 PM UTC

The biggest US banks spent the past week tallying more than $185 billion of combined exposure to private credit, an asset class that’s come under pressure in recent months. Executives — many of whom sought to calm investors’ jitters — still see potential in the market.

Citizens Financial Group Inc.’s private-credit portfolio will likely climb about 5% in 2026, in line with past years, according to Chief Executive Officer Bruce Van Saun.