JPMorgan CEO Jamie Dimon Says Underwriting Has Weakened but Is Not Systemic
Jamie Dimon says underwriting standards have softened in some areas, including private credit, but he does not view the issue as systemic given its relative size.
Summary
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Terms & Concepts
Underwriting: The process of assessing risk before approving loans, securities offerings, or other financial commitments.
Private credit: Non-bank lending provided by private funds or institutions, often outside public debt markets.