From Yahoo Finance: 2024-05-29 21:30:07

Jamie Dimon, CEO of JPMorgan Chase, warned of potential turmoil if the private credit market weakens, citing bad actors in the industry. The private credit market, dominated by non-bank lenders, has seen rapid growth, offering higher returns than the S&P 500. Dimon acknowledged the brilliance of some players but cautioned against risks posed by others. As JPMorgan eyes acquisitions in this space, Dimon emphasized the importance of proper oversight and understanding for retail investors exposed to private credit assets that may lack liquidity or transparency. Source: Business Insider.



Read more at Yahoo Finance: Jamie Dimon says there could be ‘hell to pay’ if the swelling private-credit market starts showing cracks