Private credit’s woes continue

Private credit is under strain as troubled loans swell, JPMorgan boss Jamie Dimon warned Britain’s chancellor against higher bank taxes, and the cost of shipping through many global maritime chokepoints are hitting record highs. Plus, the US is sitting on a mountain of debt – can anyone fix it?

Mentioned in this podcast:

Private credit under strain as troubled loans swell

Jamie Dimon warns UK chancellor against higher bank taxes

War and climate change drive surge in cost of shipping through global chokepoints

US sells 30-year bonds at highest borrowing costs since 2001

How Ralph Lauren won the workwear wars as America returned to the office

The mother of all professional wardrobes

Style war: inside Wall Street’s battle to revive J Crew

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The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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