Topics

Posted 9/11/2023, 10:02:00 PM

JPMorgan's Dimon Criticizes Bank Capital Rules, Warns of Economic Risks Ahead

JPMorgan Chase CEO Jamie Dimon criticized proposed U.S. capital rules for banks as lacking transparency and potentially harmful to economic growth. He said the rules could cause banks to pull back lending.
Dimon questioned the rationale behind the rules proposed by U.S. regulators. He called for more openness and fairness in the process.
Dimon said JPMorgan is now more cautious on business opportunities in China due to economic uncertainty. He advocated for real U.S.-China engagement on security and trade.
While still positive on the current U.S. economy, Dimon warned quantitative tightening could have negative impacts in 12-18 months as fiscal stimulus is withdrawn.
Dimon said assuming the economic environment will be booming for years is a mistake given quantitative tightening and the ongoing Ukraine war.

reuters.com

Relevant topic timeline:

8/28/2023

JPMorgan Chase Updates Market Outlook, Says One Stock Could Soar 116%: Report - The Daily Hodl

JPMorgan Chase is feeling optimistic about the stock market despite recent dips, and sees limited downside for the crypto markets in the near term, according to analysts at the firm. Additionally, JPMorgan analysts are bullish on stocks such as Telephone & Data Systems and HilleVax.

9/11/2023

Dimon Cautions Against Overconfidence in Economy, Sees 'Very Large and Dangerous' Uncertainties Ahead

JPMorgan Chase CEO Jamie Dimon warns that while the U.S. economy is currently strong, it would be a mistake to assume it will sustain long-term due to risks such as central bank actions, the Ukraine war, and unsustainable government spending.

9/12/2023

Jamie Dimon Warns of Economic Risks from Ukraine War, Fed Policies, and Overspending

JPMorgan CEO Jamie Dimon warns of risks to the US economy despite its current strength, citing quantitative tightening, consumer spending fueled by asset prices and COVID-era savings, and the potential normalization of these factors as causes for concern.

9/12/2023

U.S. Banks Accuse Regulators of Violating Laws with Capital Requirements Proposal

U.S. bank groups, including JPMorgan Chase, Goldman Sachs, Morgan Stanley, and Citigroup, have accused the Federal Reserve and other regulators of violating federal laws with a proposal to raise capital requirements, arguing that it lacks sufficient public data and analysis.

9/26/2023

Dimon Warns of Economic 'Sugar High' and Potential Stress Ahead with Interest Rates Possibly Rising Above 7%

Wall Street is concerned about the potential stress on the horizon as the Federal Reserve plans to keep interest rates higher for longer, and JPMorgan CEO Jamie Dimon warns that the world is unprepared for this scenario.

9/26/2023

JPMorgan CEO Jamie Dimon Bullish on India's Growth Trajectory at Investor Summit

JPMorgan Chase CEO Jamie Dimon expressed optimism about the Indian economy, citing the country's growth, policies, and increasing global interest as reasons for the positive outlook.

9/26/2023

Dimon Warns 7% Interest Rates Could Burst Asset Bubbles, Cause Stress

Jamie Dimon, CEO of JPMorgan Chase, is warning clients to prepare for a worst-case scenario of benchmark interest rates hitting 7% along with stagflation, despite market predictions of the end of the Federal Reserve's tightening cycle.

9/26/2023

Dimon Warns of Sharp Fed Rate Hikes to 7%, Causing Stress for Businesses Unprepared for Higher Costs

JPMorgan Chase CEO Jamie Dimon warns that interest rates could rise significantly from their current levels due to elevated inflation and slow growth, potentially reaching 7%, and urges businesses to prepare for this stress in the system.

9/26/2023

Chase UK Limits Crypto Purchases to Protect Customers From Soaring Crypto Scams

Chase UK, the British challenger bank brand of JPMorgan, has prohibited customers from purchasing cryptocurrency starting October 16, citing the increasing use of crypto assets by fraudsters to steal money from people.

9/26/2023

Dimon Hopes for Soft Landing But Warns Rates May Rise More, Urges Preparedness for Economic Stress

JPMorgan Chase CEO Jamie Dimon hopes for a soft landing as he acknowledges the possibility of interest rates rising further and warns of economic risks such as Ukraine, oil, gas, war, and Europe.

9/27/2023

Coinbase CEO Slams Chase UK's Crypto Transaction Ban, Urges Review of Policy

Coinbase CEO Brian Armstrong criticizes JPMorgan's Chase UK for banning crypto-related transactions and urges UK officials to investigate, while the exchange continues its expansion in the UK amid legal issues in the US.

10/3/2023

JPMorgan CEO Predicts AI Will Enable 31⁄2-Day Workweek But Doubts Remote Work Future

JPMorgan Chase CEO Jamie Dimon predicts that artificial intelligence will lead to a shortened workweek and significant value for the bank, though it may also result in job displacements.

Topics

Posted 9/11/2023, 10:02:00 PM

JPMorgan's Dimon Criticizes Bank Capital Rules, Warns of Economic Risks Ahead

JPMorgan Chase CEO Jamie Dimon criticized proposed U.S. capital rules for banks as lacking transparency and potentially harmful to economic growth. He said the rules could cause banks to pull back lending.
Dimon questioned the rationale behind the rules proposed by U.S. regulators. He called for more openness and fairness in the process.
Dimon said JPMorgan is now more cautious on business opportunities in China due to economic uncertainty. He advocated for real U.S.-China engagement on security and trade.
While still positive on the current U.S. economy, Dimon warned quantitative tightening could have negative impacts in 12-18 months as fiscal stimulus is withdrawn.
Dimon said assuming the economic environment will be booming for years is a mistake given quantitative tightening and the ongoing Ukraine war.

reuters.com

Relevant topic timeline:

8/28/2023

JPMorgan Chase Updates Market Outlook, Says One Stock Could Soar 116%: Report - The Daily Hodl

9/11/2023

Dimon Cautions Against Overconfidence in Economy, Sees 'Very Large and Dangerous' Uncertainties Ahead

9/12/2023

Jamie Dimon Warns of Economic Risks from Ukraine War, Fed Policies, and Overspending

9/12/2023

U.S. Banks Accuse Regulators of Violating Laws with Capital Requirements Proposal

9/26/2023

Dimon Warns of Economic 'Sugar High' and Potential Stress Ahead with Interest Rates Possibly Rising Above 7%

9/26/2023

JPMorgan CEO Jamie Dimon Bullish on India's Growth Trajectory at Investor Summit

JPMorgan Chase CEO Jamie Dimon expressed optimism about the Indian economy, citing the country's growth, policies, and increasing global interest as reasons for the positive outlook.

9/26/2023

Dimon Warns 7% Interest Rates Could Burst Asset Bubbles, Cause Stress

9/26/2023

Dimon Warns of Sharp Fed Rate Hikes to 7%, Causing Stress for Businesses Unprepared for Higher Costs

9/26/2023

Chase UK Limits Crypto Purchases to Protect Customers From Soaring Crypto Scams

9/26/2023

Dimon Hopes for Soft Landing But Warns Rates May Rise More, Urges Preparedness for Economic Stress

JPMorgan Chase CEO Jamie Dimon hopes for a soft landing as he acknowledges the possibility of interest rates rising further and warns of economic risks such as Ukraine, oil, gas, war, and Europe.

9/27/2023

Coinbase CEO Slams Chase UK's Crypto Transaction Ban, Urges Review of Policy

10/3/2023

JPMorgan CEO Predicts AI Will Enable 31⁄2-Day Workweek But Doubts Remote Work Future

JPMorgan Chase CEO Jamie Dimon predicts that artificial intelligence will lead to a shortened workweek and significant value for the bank, though it may also result in job displacements.