Jamie Dimon warns of long-lasting repercussions from US banking crisis.
TL;DR Summary
JPMorgan CEO Jamie Dimon has warned that the US banking crisis is ongoing and its impact will be felt for years to come. He said that the market's odds of a recession have increased and that the banking system is under renewed stress after the failure of Silicon Valley Bank and Credit Suisse's rescue by UBS last month. Dimon also called for "thoughtful" new regulations in response to the latest turmoil, including clearer rules for dealing with failed banks.
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