Last week, JPMorgan Chief Financial Officer Jeremy Barnum told investors the bank was “absolutely open for business” in leveraged lending even as other U.S. banks are expected to book significant losses on risky loans underwritten last year.
The bank’s finance chief was commenting alongside its fourth-quarter results, which saw the lender beat forecasts for profit on the back of a strong performance at its trading unit.
JPMorgan Asset Management has in recent years separately expanded its private credit platform unit, which targets opportunities in the direct lending segment, with plans to expand into other private credit strategies in the future.
Source: Yahoo News