JPMorgan’s Dimon Says Stagflation Possible
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.
Jamie Dimon Warns of Potential Interest Rate Spike
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
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 Profit Takes a Hit in Second Quarter, Shares Drop
Profits at JPMorgan Chase fell by 28 percent in the second quarter as the bank tries to navigate an economy that’s showing strength in many areas but losing steam as interest rates continue to rise, hitting consumers and corporations alike.
JPMorgan’s Dimon Warns of Myriad Issues for Economy, Bank
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.
Dimon Touts Chase’s DEI Initiatives in Mattapan
Chase Bank has opened a new community center in Mattapan as part of the its nationwide initiative to address systemic racism in what JPMorgan Chase CEO Jamie Dimon described as a permanent and sustained effort by the bank.
Big Bank CEOs Say They’ll Work to Avoid Foreclosures
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.
Record Earnings for JPMorgan Chase Thanks to Reserve Release
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.
A Divided Fed Reduces Rates But May Not Cut Again This Year
A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year.
JPMorgan CEO Says Bank May Look To Pay Special Dividend
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.
