Dimon, CEO, Warns of Growing Losses in Private Credit, Sees Limited Systemic Impact

A Warning Bell for Private Credit

In his annual shareholder letter released on April 6, Jamie Dimon, CEO of JP Morgan Chase, warned that 'losses in leveraged lending might exceed expectations when the credit cycle turns.'

Dimon pointed out two core issues. The first is that the loosening of underwriting standards has already led to actual losses that are inconsistent with the current market environment...