Free daily briefing on global business news.
The JPMorgan Chase CEO said margin debt has never been higher and that some borrowing is hidden, raising the risk of sudden volatility
Alexander Tamargo / Stringer / Getty Images
JPMorgan $JPM Chase CEO Jamie Dimon warned Wednesday that leverage across financial markets has reached record levels and that hidden borrowing could amplify sudden disruptions, he told CNBC.
"Margin debt is the highest it has ever been," Dimon said in the interview with CNBC's Leslie Picker on "Closing Bell: Overtime." "There's a lot of margin debt you don't see because it's not called margin debt. It's called other things. It's that kind of leverage, some hidden, some public."
