Photograph: Marco Bello/Reuters
Fresh from the rescue of First Republic, the latest US regional bank to go under, JP Morgan’s chief executive, Jamie Dimon, has been talking down the threat of contagion.
He claims the domino effect that started with Silicon Valley Bank’s collapse and was quickly followed by Signature Bank, Credit Suisse, and now First Republic, is coming to an end. “There may be another smaller one, but this pretty much resolves them all,” Dimon told analysts on Monday. “This part of the crisis is over.”
