Jamie Dimon warns of long-lasting repercussions from banking crisis.

1 min read
Source: CNBC
Jamie Dimon warns of long-lasting repercussions from banking crisis.
Photo: CNBC
TL;DR

JPMorgan Chase CEO Jamie Dimon has warned that the banking crisis caused by two bank failures in the US last month is still a threat and will have repercussions for years to come. He called for a reimagining of the regulatory process and cautioned against knee-jerk changes to the system. Dimon also stressed the importance of strengthening smaller banks for the benefit of the whole financial system and called for more forward-looking regulation. He also touched on the need for investments in climate technology and resiliency programs and the rise of artificial intelligence.

Share this article

Want the full story? Read the original reporting

Read on CNBC