Four days ago, JPMorgan Chase CEO Jamie Dimon was interviewed by The Economist and he discussed the recent U.S. banking disaster that occurred last March. At that time, the public witnessed the second, third, and fourth largest bank failures in U.S. history. Dimon asserted that “for the most part,” the financial crisis of 2023 is over. He downplayed its severity, dubbing it a “mini-crisis” and stating it was “nothing like 2008 or 2009.”
Dimon: ‘I Think the Odds of Rates Going Higher From Here Are Higher Than What Other People Think’
Jamie Dimon, the lead executive at JPMorgan Chase, shared his insights on a myriad of topics including the March 2023 U.S. banking turmoil, soaring interest rates, fluctuating consumer savings, and the escalating conflict in Ukraine. The Economist probed Dimon about his perspective on whether the 2023 banking crisis was truly behind us, to which he replied, it was “for the most part.”
Dimon categorically labeled the banking calamity as
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