JP Morgan boss Dimon said his investment bank could lose $1 billion due to Russian exposure
(Picture: AFP via Getty Images)JP Morgan boss Jamie Dimon has warned that his bank could lose $1 billion (£760 million) due to its exposure in Russia following the country’s invasion of neighbouring Ukraine.
In an annual letter to shareholders, the chairman and chief executive of the Wall Street giant said: “We are not worried about our direct exposure to Russia, though we could still lose about $1bn over time.”
