Jamie Dimon says the banking crisis is not over and will cause ‘repercussions for years to come’
Publishing timestamp: 2023-04-04 09:24:48
Summary
JPMorgan Chase CEO Jamie Dimon addressed the recent banking issues in the US and stressed the need for a reimagining of the regulatory process to address the stress on regional banks. He cautioned against knee-jerk changes to the regulatory system and called for more forward-looking regulation. Dimon also touched on the need for investments in climate technology and resiliency programs and the rise of artificial intelligence. Despite a challenging year for the world, JPMorgan had a strong year in 2022.
Sentiment: NEUTRAL
Tickers: UBSG-CH, JPM, UBS, SIVB,
Keywords: jamie dimon, ubs group ag, svb financial group, business news, banks, breaking news: markets, jpmorgan chase & co, united states, financials, markets,
Source: https://www.cnbc.com/2023/04/04/jpmorgans-jamie-dimon-says-banking-crisis-is-not-over-yet.html