EPISODE · Apr 16, 2026 · 28 MIN
Wells Fargo’s Private-Credit Exposure and the Hidden HTM Risk
from Intelligent Investor Insights · host Jellypod
We break down Wells Fargo’s $36.2 billion direct exposure to private-credit firms and why the bigger concern may be what happens if stress forces management to choose between liquidity and accounting optics. The conversation also maps the wider web of non-depository financial institution lending and how losses in one corner of the market can spill into the bank’s securities book.
What this episode covers
We break down Wells Fargo’s $36.2 billion direct exposure to private-credit firms and why the bigger concern may be what happens if stress forces management to choose between liquidity and accounting optics. The conversation also maps the wider web of non-depository financial institution lending and how losses in one corner of the market can spill into the bank’s securities book.
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Wells Fargo’s Private-Credit Exposure and the Hidden HTM Risk
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