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Jamie Dimon Warns of a ‘Bad Recession’ Due to Coronavirus Crisis

JPMorgan Chase main government officer Jamie Dimon mentioned he expects the financial fallout from the coronavirus pandemic to contain a poor recession and strain the money technique in techniques related to the 2008 money crisis.

In his yearly letter to shareholders, Dimon mentioned the premier financial institution in the U.S. was moving into the crisis from a posture of power but the pandemic introduced difficulties that were being “dramatically different” from those people imagined in the Federal Reserve strain assessments.

JP Morgan Chase CEO Jamie Dimon

“After the crisis subsides (and it will), our region really should comprehensively assessment all

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Fresh questions over JP Morgan succession as boss Jamie Dimon recovers from heart surgery

JP Morgan’s main executive Jamie Dimon is recovering from crisis heart surgery – shining a spotlight on the bank’s succession options, with a British executive among the frontrunners to switch him.

Mr Dimon experienced a tear in his heart’s primary artery, which was detected early and addressed effectively, JP Morgan explained.

The 63-year-outdated has run the bank considering the fact that 2005, and is the very last Wall Street boss standing from in advance of the money crisis. He is explained to be awake, alert and recovering nicely. JP Morgan did not say the place he is being addressed.

The

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