Jamie Dimon of JPMorgan Chase discusses banking, politics, and interest rates.

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Source: Fox Business
Jamie Dimon of JPMorgan Chase discusses banking, politics, and interest rates.
Photo: Fox Business
TL;DR Summary

JPMorgan Chase CEO Jamie Dimon stated that the current state of the US banking system is "nothing like '08" and that there is no leverage in the system like there was during the 2008 financial crisis. He also noted that private companies and the banking system are doing well, and recent earnings reports from regional banks have been positive. However, he did mention a couple of banks that are "offsides" on interest rate exposure, including First Republic Bank, which JPMorgan recently acquired. Dimon also warned that rising interest rates could cause issues in the future, but he believes the US is "over this part" of the banking crisis.

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