JPMorgan's Jamie Dimon warns banking crisis will be felt for 'years to come'
Headline from KTVZ Bend
CNN, POOL, WHDH, STRINGR By Nicole Goodkind, CNN The banking crisis triggered by the recent collapses of Silicon Valley Bank and Signature Bank is not over yet and will ripple through the economy for years to come, said JPMorgan Chase CEO Jamie Dimon on Tuesday.
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In his annual letter to shareholders, the chief executive of JPMorgan Chase said regulations were partly to blame for the turmoil, although the economy remained in “pretty good” shape.
JPMorgan Chase CEO Jamie Dimon wrote about the collapse of Silicon Valley Bank and ongoing turmoil within the financial sector in a letter to shareholders.
CNN, POOL, WHDH, STRINGR By Nicole Goodkind, CNN The banking crisis triggered by the recent collapses of Silicon Valley Bank and Signature Bank is not over yet and will ripple through the economy for years to come, said JPMorgan Chase CEO Jamie Dimon on Tuesday.
While the current banking crisis isn't like 2008, it "is not yet over" and will be felt for years to come, JPMorgan Chase Chief Executive Jamie Dimon said
Bank turmoil beginning with the failures of Silicon Valley Bank (SVB) and Signature Bank in March is completely dissimilar to the 2008 financial crisis.
The JPMorgan Chase CEO also outlined his thoughts on a potential recession in his annual shareholder letter this week, and discussed consumers’ fading savings.
"The current crisis is not yet over, and even when it is behind us, there will be repercussions from it for years to come," Dimon said in his annual letter
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JPMorgan's Jamie Dimon warns banking crisis will be felt for 'years to come' | Since Then
