Jamie Dimon on Wednesday said the current status of the U.S. banking system was 'nothing like 08.' He told Bloomberg Television that 'there's nothing like that leverage in the system.'
Dimon said in the Bloomberg interview that his company was "asked by our government to step in and we did — we were able to handle it." He also praised Jennifer Piepszak and Marriane Lake, the JPMorgan Chase consumer and community banking co-CEOs that have been tapped to run the First Republic businesses that were purchased.
"Obviously, it’s a lot of work and, you know, hard for people," Dimon went on to say. "We’re trying to show real humanity, using redeployment of anyone who loses their job to try to find other jobs at JPMorgan or elsewhere."of First Republic Bank’s employees they will soon be out of a job, something first reported by Bloomberg. The bank confirmed to FOX Business it was able to offer jobs to nearly 85% of the former institution’s workers.
He went on to say he believed the U.S. was "over this part" of the banking crisis "for the most part," acknowledging "there may be something else." Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Global High Yield and Leveraged Finance Conference in Miami, Florida, US, on Monday, March 6, 2023.
"But rising rates, if they get high enough, it could rear its ugly head again," Dimon warned. "It’s not just banks, people should be prepared for slightly higher rates than they’ve been used to in the past 15 years."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan Chase CEO Jamie Dimon hints at future in politics | CNN BusinessJamie Dimon is arguably the most powerful person in corporate America. Dimon has built a banking empire at JPMorgan Chase and his advice is sought by presidents, prime ministers and central bankers.
Read more »
Billionaire Bill Ackman says JPMorgan’s Jamie Dimon should run for presidentPershing Square CEO said Jamie Dimon should run for president: "There is only one better job for Jamie than CEO of JPM and that's POTUS."
Read more »
JPMorgan CEO Jamie Dimon says other bank exec could have booted Jeffrey Epstein as customerJPMorgan Chase CEO Jamie Dimon answered questions for lawsuits accusing the bank of enabling and benefiting from sex trafficking by Jeffrey Epstein.
Read more »
JPMorgan CEO Jamie Dimon hints at future in politics: ‘I love my country’“I love my country, and maybe one day I’ll serve my country in one capacity or another,” the 67-year-old Dimon said in an interview with Bloomberg TV.
Read more »
JPMorgan CEO Jamie Dimon says he never heard of Jeffrey Epstein until after his 2019 arrestJPMorgan CEO Jamie Dimon has testified that he never heard of Jeffrey Epstein and his crimes against teenage girls and young women until the financier was...
Read more »
JPMorgan CEO Jamie Dimon says he never heard of Jeffrey Epstein until after his 2019 arrestJPMorgan CEO Jamie Dimon says he never heard of Jeffrey Epstein until his 2019 arrest.
Read more »