Could private credit cause the next financial crash?
The recent bankruptcies of a little-known auto-parts supplier called First Brands and auto lender Tricolorhas sparked talk about a looming financial crisis in a booming but much misunderstoodcorner of finance. Jamie Dimon, the CEO of JP Morgan, sent shivers through financial markets earlier this month when he referred to these bankruptcies as a ‘cockroach’ and warned: ‘When you
