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JPMorgan’s Jamie Dimon: ‘Is a recession possible? Absolutely’
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JPMorgan’s pandemic boom ended with a 42% drop in profits and a warning: Rising inflation and the war in Ukraine pose big threats to the US economy.
Chief executive Jamie Dimon said the economy is strong and growing, citing double-digit growth in card spending, low delinquencies and healthy household and consumer balance sheets.
But the bank...
Read more on fnlondon.comAbout this in other media
Bank stocks, once a Buffett favorite, take a back seat at Berkshire Hathaway amid recession worries cnbc.com /2 years ago
Risk of recession in Europe, US and China is rising by the day theguardian.com /2 years ago
Bank bosses’ optimism darkens as war follows on the heels of Covid theguardian.com /2 years ago
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