#credit-markets

#credit-markets

JPMorgan CEO Jamie Dimon has issued a warning about hidden financial risks as signs of deeper cracks begin to emerge in the credit markets. Dimon cited recent bankruptcies like Tricolor and First Brands as potential signals of broader instability, likening the situation to seeing "one cockroach" and knowing there are more. Among Dimon's concerns are over-leveraged subprime borrowers, particularly in auto loans and credit cards, where asset values no longer match outstanding debt.