JPMorgan restricts lending to private credit firms, Bloomberg News reports

Group 1 - JPMorgan Chase has restricted lending to private credit firms after marking down the value of certain loans in their portfolios [1] - The marked-down loans are primarily associated with software companies, which are facing increased pressure due to investor concerns over potential disruptions from artificial intelligence [1] - This lending restriction has not resulted in any material margin calls so far, according to sources familiar with the matter [1]