Category: Jamie Dimon

JPMorgan Is Stockpiling Cash – CEO Claims There’s A ‘Very Good Chance Inflation Will Be More Than Transitory’

Investment bank JPMorgan Chase is stockpiling cash according to the company’s CEO Jamie Dimon. The investment banker doesn’t seem to believe inflation is “transitory” and he thinks there’s a “very…

White House Defends Trillion-Dollar Stimulus While Jamie Dimon And Larry Summers Warn Of Runaway Inflation

On Wednesday the White House defended President Joe Biden’s trillion-dollar spending proposals despite the criticism concerning rising inflation and low-interest rates. Inflation has risen at unprecedented levels in the U.S.…

JPMorgan Boss Says ‘Emerging Issues’ Like Cryptocurrencies ‘Need To Be Dealt With Quickly’

JPMorgan’s boss Jamie Dimon has a bone to pick with cryptocurrencies, shadow banking, and the financial technology (fintech) economy. In a letter to JPMorgan shareholders, Dimon explained that banks are…