Wall Street ponders what happens to booming private credit market when you-know-what hits the fan
Publishing timestamp: 2024-05-24 09:53:00
Summary
The CNBC Delivering Alpha Investor summit discussed concerns about the private credit industry not experiencing a downturn at scale. JPMorgan CEO Jamie Dimon expressed worries about the impact on borrowers in a crisis, while Ares Management CEO Michael Arougheti defended the industry's track record. The Federal Reserve has also looked at default rates in private credit compared to traditional bank loans.
Sentiment: MIXED
Keywords: breaking news: markets, stock markets, breaking news: investing, breaking news: business, ares management corp, investment strategy, tony ressler, economic events, wall street, jpmorgan drn, business news, markets, jamie dimon,