JPMorgan marking down loan portfolios of private credit groups
Devaluation of collateral will limit credit to firms that have become top lenders to higher-risk companies
Devaluation of collateral will limit credit to firms that have become top lenders to higher-risk companies

Concerns mount about hidden exposure to private capital firms and hedge funds in wake of credit market wobbles

Rising costs in consumer unit are a ‘big part’ of overall increase in spending

JPMorgan chief raises alarm on weakening lending standards in annual shareholder letter

Biggest US bank has moved to lock in higher yields ahead of central bank rate cuts

Bank’s 10-year plan will help companies in defence, energy and other critical sectors raise funding

The sector remains untested in a severe or prolonged economic downturn