'Cockroach' Jabs and Regional Bank Breakdowns: The Week Private Credit's 'Golden' Narrative Got a Little Less Shiny
Jamie Dimon warns US credit market risks are rising after fraud-related bankruptcies of First Brands and Tricolor triggered finger-pointing between banks and private credit firms this week.
6 Articles
6 Articles
'Cockroach' jabs and regional bank breakdowns: The week private credit's 'golden' narrative got a little less shiny
Noam Galai/Getty Images/Carlo Allegri/Reuters/Jeff Swensen/Getty ImagesJamie Dimon's concern over "cockroaches" in credit has spawned a debate about private credit.While some industry watchers sound the alarm on the booming industry, others are more sanguine.Many industry leaders defended private credit this week following Dimon's comments.This week, the world's leading financial institutions were acting like bad roommates. All it took was one m…
Credit Quality Concerns Ripple Through Banking Sector - The MortgagePoint
Credit quality became an increasing cause of concern among lenders and analysts after JPMorgan Chase CEO Jamie Dimon discussed his concern regarding recent bankruptcies of First Brands and Tricolor Holdings, a major provider of subprime auto loans. “My antenna goes up when things like that happen,” Dimon told analysts during a call with analysts. “And I probably shouldn’t say this, but when you see one cockroach, there are probably more… Everyon…
“One cockroach does not a trend make”
“One cockroach does not a trend make,” according to Marc Pinto, senior analyst at Moody’s Ratings, in response to Jamie Dimon’s controversial comments earlier this week. Pinto, who is the ratings agency’s head of global private credit, said that there is little evidence of a systemic issue that could trigger a broader financial crisis, despite […] The post “One cockroach does not a trend make” appeared first on Alternative Credit Investor.
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