JPMorgan CEO Warns of Market Risks Amid Auto Sector Failures
TL;DR
Jamie Dimon warns that recent auto company bankruptcies indicate that lending standards may have become too lax over the past decade, signaling potential risks for the economy if a downturn occurs.
Topics:top-newsbusiness#auto-bankruptcies#banking#business#corporate-lending#credit-risk#jamie-dimon
- Jamie Dimon says auto company bankruptcies reveal 'early signs' of excess in corporate lending CNBC
- JPMorgan’s Dimon on Tricolor losses: 'It is not our finest moment' Yahoo Finance
- Bank results live: Goldman Sachs, JPMorgan and Citi CEOs warn on markets reaching bubble territory Financial Times
- JPMorgan CEO says its exposure to collapsed auto dealer Tricolor "not our finest moment" Reuters
- Dimon Raises Concern Over Tricolor, First Brands: ‘Everyone Should Be Forewarned' Barron's
Want the full story? Read the original reporting
Read on CNBC