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JPMorgan’s Dimon Says Stagflation Possible

JPMorgan’s Dimon Says Stagflation Possible

by The Associated Press | Apr 29, 2024 | Banking & Lending, CR Daily, Industry News, Westchester News

JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation.

JPMorgan’s Dimon Says Stagflation Possible

Jamie Dimon Warns of Potential Interest Rate Spike

by The Associated Press | Apr 8, 2024 | Banking & Lending, Industry News, Westchester News

With some investors and economists questioning whether the Federal Reserve can make good on interest rate cuts this year, the JPMorgan Chase CEO warned of the possibility of rates rising to 8 percent or higher.

Dimon: Bank Rules Should Change After Silicon Valley Bank Failure

Dimon: Bank Rules Should Change After Silicon Valley Bank Failure

by The Associated Press | Apr 5, 2023 | Banking & Lending, CR Daily, Industry News

JPMorgan CEO Jamie Dimon said the U.S. and the banking industry should amend regulations following the collapse of Silicon Valley Bank and Signature Bank last month, saying that the financial system needs to be adjusted so that one bank’s failure does not “cause undue panic and financial harm.”

JPMorgan’s Dimon Says Stagflation Possible

JPMorgan’s Dimon Warns of Myriad Issues for Economy, Bank

by The Associated Press | Apr 5, 2022 | Banking & Lending, CR Daily, Industry News

Jamie Dimon laid out a laundry list of big risks looming for the global and U.S. economy in his letter to JPMorgan Chase shareholders on Monday.

Big Bank CEOs Say They’ll Work to Avoid Foreclosures

Big Bank CEOs Say They’ll Work to Avoid Foreclosures

by The Associated Press | May 28, 2021 | Banking & Lending, CR Daily, Executive Briefing

The chief executives of the nation’s largest banks went in front of Congress for a second day Thursday, facing questions ranging from inflation to their efforts to keep Americans in their homes after government aid to pandemic-hit mortgage holders expires this summer.

Dimon: Bank Rules Should Change After Silicon Valley Bank Failure

Record Earnings for JPMorgan Chase Thanks to Reserve Release

by The Commercial Record | Jan 15, 2021 | Banking & Lending, CR Daily, Industry News

While positive developments with the pandemic led JPMorgan Chase to release funds from its credit reserves, leading to record profits in the fourth quarter, the total credit reserves remain high.

How JPMorgan’s CFO Became the Top Prospect to Succeed Dimon

How JPMorgan’s CFO Became the Top Prospect to Succeed Dimon

by Reuters | Sep 17, 2018 | Banking & Lending, CR Daily, Industry News

As a single mother with a British accent who loves numbers, Marianne Lake bears little resemblance to Jamie Dimon, the longtime CEO of JPMorgan Chase & Co., known for his bravado, quips and occasional profanity-laced outbursts.

Dimon Praises Trump Regulation Efforts

by Reuters | Apr 5, 2018 | Banking & Lending, CR Daily, Industry News

JPMorgan Chase & Co. CEO Jamie Dimon complimented the administration of President Donald Trump in his annual letter to shareholders on Thursday, saying tax cuts and deregulatory efforts are helping his bank make more money.

JPMorgan CEO Says Bank May Look To Pay Special Dividend

by Reuters | Dec 6, 2016 | Banking & Lending, CR Daily, Executive Briefing, Industry News

The stock of JPMorgan Chase & Co. has been climbing so much that “at a certain price,” the company may consider issuing a special dividend to distribute excess capital rather than buying back additional stock, CEO Jamie Dimon said on Tuesday.

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