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the staff of the Ridgewood blog
Ridgewood NJ, JPMorgan Chase CEO Jamie Dimon voiced concerns about government inefficiency on Monday, as the Trump administration moves to terminate thousands of federal employees and restructure agencies like the Consumer Financial Protection Bureau (CFPB).
Continue reading JPMorgan Chase CEO Jamie Dimon Calls for Government Efficiency Amid Federal Cuts
the staff of the Ridgewood blog
Ridgewood NJ, JPMorgan Chase CEO Jamie Dimon is taking a firm stance on returning to the office, making it clear that he expects employees to show up five days a week—with no exceptions.
Continue reading Jamie Dimon Rejects Remote Work: “I Don’t Care How Many People Sign That Petition”
Jamie Dimon warns next crisis could see ‘more volatile’ markets
Tom Braithwaite in New York
Jamie Dimon, chief executive of JPMorgan Chase, said the next financial crisis should see “more volatile” markets and a “rapid decline in valuations” because regulators have hamstrung the banks.
In his annual letter to shareholders, Mr Dimon said recent schisms in Treasury and currency markets were a “warning shot across the bow”.
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He devoted three pages to a “thought exercise” on what might happen in the next crisis, warning that the ability of JPMorgan and other banks to act as shock absorbers had been dramatically hindered by new capital and liquidity rules.
Mr Dimon has been known as one of the few bank chief executives willing to challenge the regulatory architecture put in place since the 2008 crisis. Some of the individual warnings have been aired before but never woven into a Dimon crisis scenario.
https://www.ft.com/cms/s/0/58f40c9e-de2a-11e4-ba43-00144feab7de.html#axzz3Wo1mn2i7