Jamie Dimon warns of long-lasting repercussions from banking crisis.

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Source: CNBC
Jamie Dimon warns of long-lasting repercussions from banking crisis.
Photo: CNBC
TL;DR Summary

JPMorgan Chase CEO Jamie Dimon has warned that the banking crisis caused by two bank failures in the US last month is still a threat and will have repercussions for years to come. He called for a reimagining of the regulatory process and cautioned against knee-jerk changes to the system. Dimon also stressed the importance of strengthening smaller banks for the benefit of the whole financial system and called for more forward-looking regulation. He also touched on the need for investments in climate technology and resiliency programs and the rise of artificial intelligence.

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