JPMorgan CEO Says Bank Crisis Not Over, America Shifting Into a ‘Vicious Cycle’

JPMorgan CEO Says Bank Crisis Not Over, America Shifting Into a ‘Vicious Cycle’
JPMorgan Chase CEO Jamie Dimon in Washington, on April 9, 2019. Jeenah Moon/Reuters
Tom Ozimek
Updated:
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JPMorgan CEO Jamie Dimon said in a letter to shareholders that the U.S. banking crisis is not over, and that even when it does end, its impact will linger for years, while warning that America seems to moving into a “vicious cycle.”

“As I write this letter, the current crisis is not yet over, and even when it is behind us, there will be repercussions from it for years to come,” Dimon wrote in the wide-ranging 43-page missive that included the ominous warning that storm clouds threaten the U.S. economy.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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