A recent exchange between Goldman Sachs’ CEO Lloyd Blankfein and Morgan Stanley’s Jamie Dimon has reignited the debate on which financial sector can best withstand economic downturns. The comments, in which Dimon compared a cockroach to a stock market, have sparked tension among Wall Street firms, with private credit firms pushing back against banks’ claims of superiority.
Source: https://www.bloomberg.com/news/articles/2025-10-15/dimon-s-cockroach-barb-ruptures-uneasy-truce-with-private-credit