‘This will end poorly’: JPMorgan execs warn of an imminent reckoning as the market’s biggest investors plow into another credit bubble

“Any credit downturn could exacerbate a financial crisis, he cautioned” writes Meghan Morris for Compared to the traditional banking sector, “shadow banks, they do things differently,” Dimon said.Institutional investors, such as pension funds, endowments, and foundations, have stepped up to fund those non-bank groups.

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