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JPMorgan’s Dimon calls Tricolor exposure "not our finest moment

Published 14/10/2025, 14:20
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Investing.com -- JPMorgan Chase CEO Jamie Dimon acknowledged that the bank’s exposure to bankrupt auto dealer Tricolor was "not our finest moment," during a conference call with reporters on Tuesday.

The banking giant reported it charged off $170 million in the third quarter related to Tricolor, according to Chief Financial Officer Jeremy Barnum, who added that the bank is now reviewing its controls.

The bankruptcies of Tricolor and automotive-related company First Brands, along with potential losses at banks and investment funds, are raising new concerns about hidden risks in parts of the credit market. These developments have prompted investors to take a closer look at risky debt.

During the call, JPMorgan clarified that while it has exposure to Tricolor, it does not have any exposure to First Brands.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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