As global financial markets continue to see sharp upswings and downswings, JPMorgan Chase CEO Jamie Dimon raised the alarm over elevated leverage, adding that investors should be mindful that hidden borrowing could worsen market disruptions.
"Margin debt is the highest it has ever been. There is a lot of margin debt you don't see because it is not called margin debt. It is called other things. It is that kind of leverage, some hidden, some public," he said during an interview with CNBC, explaining that this massive amount of borrowed money in markets can lead to even a single investor or fund triggering broad volatility.
