Private Credit: Trying To Count The Cockroaches
The post Private Credit: Trying To Count The Cockroaches appeared on BitcoinEthereumNews.com. By the time CEO Jamie Dimon spotted the first cockroach, the walls were already full of them. Getty Images In October 2025, JPMorgan Chase CEO Jamie Dimon issued a blunt warning after two high-profile private credit defaults — an auto parts manufacturer and a subprime auto lender — rattled the shadow banking world. “When you see one cockroach, there are probably more.” It was an unusually candid comment from the person who runs America’ most powerful bank. What Dimon did not mention was that JPMorgan, along with the five other largest U.S. globally systemically important banks, had spent almost a decade quietly building massive exposure to the very ecosystem he was warning about. The 10-Q filings for the first quarter of 2026 have really peeled back the curtain. For the first time, America’s top six GSIBs — Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fa