Jamie Dimon Says Banking Crisis Is Near to Getting Resolved
- Only handful of banks have issues, Dimon says in CNN interview
- If any failures happen ‘it will probably be the last of them’
WATCH: Jamie Dimon Warns on Banking Crisis in Annual Letter
Source: Bloomberg
This article is for subscribers only.
The US bank crisis that rattled global markets last month is probably nearing the end, even if more unforeseen failures occur, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said.
Only a handful of lenders have the problems that toppled Silicon Valley Bank, and when the industry starts reporting quarterly earnings next week, the numbers will probably be good, Dimon told CNN in an interview Thursday. Asked if more bank failures might come, he said he didn’t know.