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Jamie Dimon expects further weak links in โ€˜shadow bankingโ€™ sector to be revealed after collapse of two US firmsThe boss
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Jamie Dimon expects further weak links in โ€˜shadow bankingโ€™ sector to be revealed after collapse of two US firmsThe boss

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Jamie Dimon expects further weak links in โ€˜shadow bankingโ€™ sector to be revealed after collapse of two US firmsThe boss of JP Morgan, Jamie Dimon, has warned over further losses linked to the private credit sector, saying more โ€œcockroachesโ€ could eme

Jamie Dimon expects further weak links in โ€˜shadow bankingโ€™ sector to be revealed after collapse of two US firmsThe boss of JP Morgan, Jamie Dimon, has warned over further losses linked to the private credit sector, saying more โ€œcockroachesโ€ could emerge after the collapse of the sub-prime auto lender Tricolor and the car parts supplier First Brands.The bank said on Tuesday that although it had no exposure to First Brands, which sells car parts across the US, it had taken a $170m (ยฃ128m) hit from Tricolor, which collapsed amid fraud allegations last month. Continue reading...

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