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JPMorgan CFO Jeremy Barnum estimated the bank's exposure to private credit funds was $50 billion.
JPMorgan's CFO disclosed $50 billion exposure to private credit funds within $160 billion to non-banks.
KEY POINTS
- Wells Fargo and Citi revealed private credit exposures of $36.2 billion and $22 billion, respectively.
- JPMorgan executives stated they are comfortable with their private credit exposure due to strict underwriting.
- Jamie Dimon clarified he does not view private credit risks as systemic for banks currently.
- Dimon warned that losses in a future credit cycle could exceed current expectations.
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