Jamie Dimon warns record margin debt could trigger market disruption

JPMorgan Chase Chief Executive Officer Jamie Dimon cautioned that leverage in financial markets has reached unprecedented levels, with substantial borrowing concealed under various designations beyond traditional margin debt. During an interview with CNBC, Dimon identified prime brokerages, hedge funds, exchange-traded funds, and Treasury arbitrage strategies as key sources of the elevated leverage across markets.
Dimon expressed concern that such high levels of leverage increase the probabilit