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5 Articles
Jamie Dimon scored a win in the debate over private credit risks
JPMorgan CEO Jamie DimonKevin Dietsch via Getty ImagesA new report warns that private credit could be a "locus of contagion" in a downturn.The concerns echo past criticisms of the booming industry from JPMorgan CEO Jamie Dimon.While the industry is small, it lacks transparency and liquidity, the report said.The CEO of America's largest bank has long been skeptical of the rise of private credit, even as JPMorgan Chase jumps on the nonbank lending…
[New York - Hirofumi Takeuchi] Financial authorities from the Securities and Exchange Commission (SEC) and other prominent economists are sounding the alarm that expanding private credit (loans by non-banks such as funds) could be the spark for a future financial crisis. There has been a growing criticism that due to a lack of transparency and oversight, and because it is connected to the banking system, it is likely to cause unrest in the event…
Sector could become 'contagion hotspot' during market turmoil, report by bank executives and US authorities shows
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