Banks and Private Credit Clash After Dimon’s Cockroach Barb

Banks and private credit clash after Dimon’s cockroach barb

On Wall Street, everyone's a friendly rival until the losses start. A pair of blowups in the credit market have sparked a war of words over whether banks or private credit firms are better positioned to weather a broader downturn.

‘When you see one cockroach, there are probably more’: Jamie Dimon issues private credit warning

The collapse of First Brands and Tricolor has raised fears of stress in the private credit market. Read more at straitstimes.com.

Banks and Private Credit Clash After Dimon’s Cockroach Barb

On Wall Street, everyone’s a friendly rival until the losses start.

Credit Stress Sparks Correction - Fat Tail Daily

My usual early morning flick through major market movements overnight came to an abrupt halt at US regional banks. They were down 6%. What the..? Upon further investigation it became clear a couple of regional banks had fessed up to major losses and the whole sector was copping a beating. We saw two auto loan companies in the US implode recently with billions in losses dished out. Jamie Dimon, JP Morgan’s CEO made a classic comment that may go d…

Regional Banks Crash As More Credit "Cockroaches" Emerge - Nemos News Network

Regional Banks Crash As More Credit “Cockroaches” Emerge Just when the market was starting to finally freak out – with a one month delay – about the Tricolor and First Brands bankruptcy following yesterday’s fingerpointing session between JPM’s Jamie Dimon and various private credit firms in which both accused each other of harboring more credit “cockroaches“, this morning the credit freak out went to 11 as two regional US banks crashed after t…