JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said demand for leveraged buyout debt is drying up and banks may be left holding more loans that they can't sell.
There is ``kind of a little freeze in the marketplace,'' Dimon said on a conference call with investors to discuss the New York-based bank's second-quarter earnings. ``If you see this continue you will see the Street taking on a lot of bridge loans and more aggressive repricing of those things.'' Bloomberg
When Jamie Dimon says something, I would listen carefully. He is easily one of the five smartest and most influential men on Wall Street.
Subscribe to:
Post Comments (Atom)
1 comment:
TCG - Your blog has become polluted with ads and regurgitated news headlines. The only thing worth reading is your comments in italics.
Post a Comment