Jamie Dimon warns, ‘When you see one cockroach, there are probably more,’ after Tricolor loan loss
1. JPM reported $170 million loss tied to subprime auto lender Tricolor. 2. Jamie Dimon warned of potential further credit issues if economy weakens. 3. Dimon emphasized increased scrutiny on loan underwriting processes post-loss. 4. Concerns over transparency in private-credit market were raised. 5. JPM has no exposure to recent bankruptcy of First Brands.