NEW YORK, Oct 14 (Reuters) - JPMorgan Chase's exposure to bankrupt auto dealer Tricolor is "not our finest moment," the bank's CEO Jamie Dimon told reporters on a conference call on Tuesday.

JPMorgan charged off $170 million in the third quarter related to the situation, and the bank is reviewing its controls, Chief Financial Officer Jeremy Barnum said.

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

https://www.reuters.com/business/finance/jpmorgan-ceo-says-its-exposure-collapsed-auto-dealer-tricolor-not-our-finest-2025-10-14/