JPMorgan CEO Jamie Dimon recently pointed to private credit markets as something to potentially watch out for. But what are these alternative debt...
Jamie Dimon made headlines this week when he was reported as saying “there could be hell to pay” in the burgeoning private credit market from the tandem risks of bad actors and poorly educated retail clients., the JPMorgan CEO also said this in his comments on private credit : “There may be problems there. I don’t think it’s systemic.”You may have heard the term “ private credit ” thrown around over the past few years. It’s the counterpart of the public, tradable credit market .
One of the characteristics of the subprime market that set off that crisis was how broadly subprime loans were held — from big insurers to banks and asset managers. Private credit is the hot new asset class, and money has been pouring into it from And one important note: Even as Dimon discussed the potential risks, his bank of course competes with private credit in its lending operations. What’s more, JPMorgan has reportedly set aside $10 billion for direct lending and is contemplating an acquisition in the space.Shares of Trump Media & Technology Group, the owner of social networking site Truth Social, slumped Thursday after former President Donald Trump was convicted in his hush money trial.US markets have had a rough week.
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