Reported 3 days ago
Jamie Dimon, CEO of JPMorgan Chase, has raised concerns about potential credit risks in the US economy, likening them to 'cockroaches' indicating deeper issues. During a recent earnings call, he noted a $170 million write-off related to the bankruptcy of subprime auto lender Tricolor and suggested that other companies, including auto parts maker First Brands, may also signal looming credit problems. Dimon emphasized the importance of vigilance as indicators of excess in the credit market arise, especially following a prolonged credit bull market since 2010.
Source: YAHOO