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US banking crisis not over – JPMorgan ...News
The Wall Street bank expects to see repercussions for years to come The turmoil in the financial industry caused by the collapse of Silicon Valley Bank (SVB) is not over yet and will be felt for years, believes JPMorgan Chase CEO Jamie Dimon. The banker said in his annual letter to shareholders on Tuesday that this turn of events has “significantly changed the market’s expectations, bond prices have recovered dramatically, the stock market is down and the market’s odds of a recession have increased.” While noting that recent events are nothing like what occurred during the 2008 global financial crisis, Dimon war
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