Jamie Dimon says private credit defaults are not threat to major banks
📖 Full Retelling
<p>Recent losses on loans in relatively unregulated sector are not a systemic risk to financial sector, says JP Morgan boss</p><p>The boss of JP Morgan, Wall Street’s biggest bank, said a downturn across the $3tn private credit market would not put financial stability at risk, adding that losses would have to be “very large” before the pain rippled out to major banks.</p><p>Dimon played down the potential impact that a series of private credit loan defaults would ha
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<p>Recent losses on loans in relatively unregulated sector are not a systemic risk to financial sector, says JP Morgan boss</p><p>The boss of JP Morgan, Wall Street’s biggest bank, said a downturn across the $3tn private credit market would not put financial stability at risk, adding that losses would have to be “very large” before the pain rippled out to major banks.</p><p>Dimon played down the potential impact that a series of private credit loan defaults would ha
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