Dimon Warns of 'Hell to Pay' in Private Credit Market

Jamie Dimon, CEO of JPMorgan Chase, warned of potential problems in the private credit market, especially as retail clients gain access to these less liquid assets. He emphasized the risks involved and noted that the private-credit industry has not yet been tested by bad markets. Dimon's comments come amid signs of trouble, including Moody's recent downgrade of direct lending funds tied to major fund managers.