Reported 4 months ago
Jamie Dimon, CEO of JPMorgan Chase, expressed concerns about potential issues arising in private credit, cautioning that there could be severe consequences, especially as retail clients enter this growing asset class. Dimon highlighted the risks associated with providing retail clients access to less liquid products and emphasized the importance of acknowledging the inherent risks. He noted that problems in the market are often caused by less reputable players, stressing the need for caution and vigilance in the private credit industry.
Source: YAHOO