19 Jul 2026 · 10:21 UTC

Wall Street’s $128 billion private credit exposure is starting to look harder to contain

JPMorgan Chase CEO Jamie Dimon told analysts in April that the roughly $1.8 trillion private credit market doesn't pose a systemic risk. “You have to have very large losses in private credit before, at least it looks like, banks are going to get hit,” he said. He made that comment the same week executives at …