(CNBC) JPMorgan Chase is reducing exposure to private credit by marking down loans, particularly to software firms, in anticipation of potential disruptions in the industry.

JPMorgan Chase is taking steps to decrease its involvement in the private credit sector by devaluing loans held as collateral, mainly those extended to software companies. CEO Jamie Dimon is proactively managing risks in the industry, with concerns about potential disruptions caused by AI updates in software firms. This move aims to preemptively address market changes and ensure financial discipline within the bank’s operations.

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