Reported 15 days ago
A recent war of words between banks and private credit firms has erupted after JPMorgan's Jamie Dimon criticized the auto lender Tricolor Holdings, suggesting that many problems arise from the banking sector itself. This sparked a response from private credit executives, including Marc Lipschultz of Blue Owl Capital, who countered that the issues stem from banks’ practices rather than those of newer lending entities. The tensions highlight the evolving financing landscape as traditional banks contend with the rise of private credit firms, each defending their position amidst concerns over potential economic downturns.
Source: YAHOO