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JPMorgan CEO Dimon Predicts End of Bank Crisis Despite Lingering Effects.

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Source: Bloomberg
JPMorgan CEO Dimon Predicts End of Bank Crisis Despite Lingering Effects.
Photo: Bloomberg
TL;DR

JPMorgan Chase & Co. CEO Jamie Dimon stated that the US banking crisis that shook global markets last month is likely coming to an end, even if more unforeseen failures occur. He added that only a few lenders have the problems that caused Silicon Valley Bank to collapse, and when the industry starts reporting quarterly earnings next week, the numbers will probably be good. However, Dimon also warned that the banking crisis has increased the odds of a recession.

Topics:top-newsfinance#banking-crisis#finance#jamie-dimon#jpmorgan-chase-and-co#quarterly-earnings#recession
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