08:57 AM EDT, 03/11/2026 (MT Newswires) -- (Updates with JPMorgan's ( JPM ) response in the fifth paragraph.)

JPMorgan Chase ( JPM ) is marking down on its lending to private credit groups as concerns rise over the credit quality of companies, the Financial Times reported Wednesday, citing unnamed sources having knowledge of the matter.

The bank has communicated to private credit lenders that it had devalued specific loans in their portfolios, which act as the collateral the funds use for borrowing money from the bank, the people told the FT.

The devalued loans are to software firms, which are exposed to the onset of artificial intelligence, according to the media outlet.

JPMorgan ( JPM ) takes into account individual analysis and macroeconomic factors when valuing loans, another person told the Financial Times.

A person close to JPMorgan ( JPM ) declined MT Newswires' request for comment.

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