Jamie Dimon says auto company bankruptcies reveal 'early signs' of excess in corporate lending

Jamie Dimon says auto company bankruptcies reveal 'early signs' of excess in corporate lending

The bankruptcies have sparked concern about the risks involved when banks like JPMorgan, Jefferies and Fifth Third provide financing for private companies.

JPMorgan CEO Sounds Alarm on Auto Market Bankruptcies

The CEO of America’s biggest bank has reportedly issued a warning regarding auto market bankruptcies. These bankruptcies, JPMorgan Chase CEO Jamie Dimon told reporters Tuesday (Oct. 14), are an indication that lending standards have become too relaxed. “We’ve had a credit bull market now for the better part of what, since 2010 or 2012? That’s like 14 years,” said Dimon, whose comments were reported by CNBC. He was speaking in reference…

Jamie Dimon says auto company bankruptcies reveal ‘early signs’ of excess in corporate lending

Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of de-banking on Feb. 13, 2025.Tom Williams | Cq-roll Call, Inc. | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Tuesday that bankruptcies in the U.S. auto market…