2025-07-24
21 分钟It's February in Miami.
Blue skies, a balmy day, and inside a luxury hotel on South Beach,
the ballroom is packed with Wall Street types.
It's an escape from the wintry weather in the Northeast,
which is where most of these guys are based.
And, you know, they come out, they bring their polos and their swimsuits.
They're here for a working vacation.
If your idea of a vacation is JP Morgan's leveraged finance conference.
And they come to talk about how to make a lot of money and then have a lot of cocktails,
court some business, toast the deals of last year.
Our colleague Alexander Saide was there, taking it all in,
including the conference's main event, a keynote address by the high priest of American banking.
Well, the star of the show is none other than the celebrity CEO himself, Jamie Dimon.
Jamie Dimon is the CEO of JPMorgan Chase, the biggest bank in America.
Dimon is a legend in the banking world,
partly because of how successfully he steered JP Morgan through the 2008 financial crisis.
He's known for his level head, his discipline, and his caution.
And in the midst of this sunny finance party, he was about to be a buzzkill.
Jamie Dimon said he was worried about a trend he was seeing in financial markets in something called private credit.
It's a type of lending to companies that's largely unregulated,