# JPMorgan Chase & Co.’s Jamie Dimon again cautioned that a credit market downturn could be worse than expected.

*business · news · 2026-04-28 · Financial Post*

## Key points

- Jamie Dimon warned that a credit downturn could be worse than expected, especially in private credit.
- There are over 1,000 firms in private credit, and many may not survive a credit cycle turn.
- Dimon reiterated that private credit does not currently pose a systemic risk to the financial system.
- JPMorgan's asset manager is raising several billion dollars for a new private credit strategy.

**Companies:** JPMorgan Chase & Co.
**Countries:** United States

[Read the full story on Financial Post](https://financialpost.com/fp-finance/jpmorgans-dimon-warns-risks-credit-downturn)

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