Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It
In the ballroom of the swanky Loews Hotel in Miami Beach, Dimon got on stage in front of hundreds of clients in February to talk about the boom in unregulated lending to highly indebted companies. This fast-growing market has been sidelining big banks for years, and JPMorgan Chase's JPM -0.46%decrease; red down pointing triangle chief executive said it reminded him of the craze in subprime mortgages that sparked the 2008 financial crisis.
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