JPMorgan Chase CEO Jamie Dimon listed three major threats to the U.S. economy in a recent comment during the bank’s second-quarter earnings call, according to the transcript. The banking giant’s July 14 second-quarter results showed revenue and earnings exceeding economists’ expectations, but the JPMorgan chief stands on the side of caution. JPMorgan reported net income…
JPMorgan Chase CEO Jamie Dimon Lists a Number of Threats to the US Economy
July 20, 2023
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Business & MarketsCompanieseconomic policieseconomyinflationInvestmentJamie DimonJPMorgan ChaseMarketsU.economyU.S. economyUSWorld
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JPMorgan’s Jamie Dimon Denies Ever Meeting Longtime Bank Client, Convicted Sex Offender Jeffrey Epstein
The head of JPMorgan Chase, Jamie Dimon, has denied ever meeting Jeffrey Epstein and said he was unaware that the bank was conducting an internal investigation into its former relationship with the disgraced financier and convicted sex offender. Dimon made the remarks in a deposition in New York on May 26 for lawsuits filed by the…
Jamie Dimon Sees Rough Times Ahead for Smaller Banks, Predicting Interest Rates as High as 7 Percent
May 24, 2023
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Business & MarketsCompanieseconomic policieseconomyinflationJamie DimonJPMorgan ChaseMarketsrecessionregional banksUS
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JPMorgan CEO Jamie Dimon, predicts rough times ahead for regional banks and warns of more deposit runs, as future interest rate hikes become increasingly likely. Dimon warned at a May 22 Q&A Investor Day meeting at JPMorgan Chase that interest rates were likely to go higher from here and rise to as much as 7 percent….
JPMorgan CEO Proposes Solution to the Ongoing Banking Crisis
Jamie Dimon, the CEO of JPMorgan Chase & Co., proposed a plan to end the turmoil in the banking industry, one that would involve government intervention. Still, the banker expressed concerns that policymakers will take away the wrong lessons from the current upheaval. “I think it’s going to get worse for banks—more regulations, more rules,…
JPMorgan CEO Proposes Solution to Ongoing Banking Crisis
Jamie Dimon, the CEO of JPMorgan Chase & Co., proposed a plan to end the turmoil in the banking industry, one that would involve government intervention. Still, the banker expressed concerns that policymakers will take away the wrong lessons from the current upheaval. “I think it’s going to get worse for banks—more regulations, more rules,…
Regulators Will Need to Intervene in Banking Crisis, JPMorgan CEO Says
JPMorgan Chase CEO Jamie Dimon has proposed a plan to end the turmoil in the banking industry, one that would involve government intervention. Still, the banker expressed concerns that policymakers will take away the wrong lessons from the current upheaval. “I think it’s going to get worse for banks—more regulations, more rules, and more requirements,’’…
JPMorgan Chase’s Takeover of First Republic: What to Know
JPMorgan Chase will acquire most of First Republic Bank’s assets for $10.6 billion after U.S. regulators seized control of the embattled institution and facilitated its sale over the weekend. President Joe Biden and JPMorgan Chase CEO Jamie Dimon reiterated that the worst of the crisis is over. “These actions are going to make sure that…
JPMorgan Chase CEO Jamie Dimon Set to Be Deposed in Jeffrey Epstein Lawsuits
April 19, 2023
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Business & MarketsCompaniesCrime and IncidentsHuman TraffickingJamie DimonJeffrey EpsteinJes StaleyJPMorganJudiciaryPublic SafetyUS
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JPMorgan Chase CEO Jamie Dimon is set for deposition in Jeffrey Epstein sex-trafficking lawsuits. A federal judge instructed Dimon to set aside two days for questioning in litigation that accused America’s largest bank of knowingly benefiting from Jeffrey Epstein’s forced prostitution ring of underaged children. U.S. District Judge Jed Rakoff made the decision to allow…
JPMorgan CEO Sees Risk of More Bank Failures
JPMorgan CEO Jamie Dimon said during an earnings call that he believes more banks could fail in the United States, but that he thinks the worst of the banking turmoil may be over and that things have calmed down “quite a bit.” Dimon said on the call that there’s a relatively low number of U.S. banks…
JPMorgan CEO Warns of Economic ‘Pain’ and Turbulence ‘That Will Scare People’
JPMorgan CEO Jamie Dimon said Thursday that Americans will feel economic “pain” before an agreement is reached on raising the debt ceiling and markets will start to experience frightening turbulence as a possible default gets closer. Dimon made the remarks in an interview with CNN on Thursday, predicting that deadlocked Democrats and Republicans will reach…
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