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JPMorgan Chase & Co.’s Jamie Dimon again cautioned that a credit market downturn could be worse than expected.
Jamie Dimon warned that a credit downturn could be worse than expected, especially in private credit.
KEY POINTS
- 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.
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