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The Latest Breaking News from Jamie Dimon

The banking crisis is over, according to Jamie Dimon: “The banking system is very stable”

Dimon says that First Republic was the last of the troubled banks to fall.

Fortune

JPMorgan buys First Republic after regulators seize control

New York (AFP) - US financial authorities seized California's troubled First Republic Bank on Monday and sold it to JPMorgan Chase, hoping to bring to a close a two-month banking crisis that has spooked the financial system.

AFP

JPMorgan CEO Jamie Dimon says insistent remote workers can go ‘elsewhere’

The bank’s pro-office memo was instantly ripped apart by workers calling it “tone deaf” and “divisive.”

Fortune

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JPMorgan Chase’s fintech buying spree

JPMorgan Chase has bought or invested in more than 80 companies in two years.

Fortune

Two years ago JP Morgan CEO Jamie Dimon warned about the threat from fintechs

Competition from fintechs and big tech spurred JPMorgan Chase to go on a buying binge, and take advantage when prices were depressed.

Fortune

JPMorgan Chase CEO Jamie Dimon to be deposed in Epstein suit

JPMorgan Chase & Co. CEO Jamie Dimon must undergo up to two days of questioning by lawyers handling lawsuits over whether the bank can be held liable in financier Jeffrey Epstein's sexual abuse of teenage girls and women

The Independent UK

Profits at big US banks show few signs of industry distress

The nation’s largest banks appear to be weathering the current turmoil in their industry just fine

The Independent UK

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Large US banks report higher profits despite recent industry turmoil

New York (AFP) - JPMorgan Chase reported a jump in first-quarter profits Friday alongside fellow banking giants Citigroup and Wells Fargo, in reassuring news to investors after recent banking sector turmoil sparked contagion fears.

AFP

JP Morgan ready for more banking turmoil as profits jump 52%

Chief executive Jamie Dimon upbeat as bank’s earnings benefit from rise in US and global interest rates

The Guardian - UK

JPMorgan Stock Leaps After Blasting Q1 Earnings Forecast As Higher Rates Lift Bottom Line

"The storm clouds that we have been monitoring for the past year remain on the horizon, and the banking industry turmoil adds to these risks," said JPMorgan CEO Jamie Dimon.

The Street

‘Other things will break.’ Legendary investor Jeremy Grantham warns of more financial chaos and wants to see Powell ‘channel a little bit of Volcker’

Jeremy Grantham predicted the financial crisis in 2008. Now, he thinks the financial system could expect more chaos after the two banks failed in March.

Fortune

JPMorgan warns that bankers who fail to come into the office could face ‘corrective action’—and orders leaders to be in 5 days a week

The bank said in a memo to staff that all employees must meet their “in-office attendance expectations.”

Fortune

Warren Buffett Sends a Warning About the Banks

In his first interview since the banking crisis began, the legendary investor is not very reassuring about the health of banks.

The Street

Frank’s Charlie Javice vs. JPMorgan: Why the case could hinge on “synthetic data"

While JPMorgan Chase is alleging fraud, the young fintech founder says she was just trying to protect customer privacy.

Fortune

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The Street

Inflation Preview: Cooling March CPI Won't Alter Fed Rate Path, But Summer Pause is Coming

The Fed isn't ready to blink just yet in its inflation stare-down, but rate hikes are about to peak nonetheless.

The Street

Elon Musk Says Warren Buffett Would Be Great for This Job

The CEO of Tesla says legendary investor would be his choice for the U.S. Secretary of the Treasury.

Investors Business Daily

JPMorgan Posts Record Quarterly Revenue; Wells Fargo, Banks Beat Earnings After March Panic

JPMorgan posted record quarterly revenue Friday. Wells Fargo, Citigroup and PNC Financial beat results, sending bank stocks surging.

The Street

Elon Musk Picks Warren Buffett for This Government Job

The CEO of Tesla says legendary investor would be his choice for the U.S. Secretary of the Treasury.

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The Street

Elon Musk Proposes a Surprise Job for Warren Buffett

The CEO of Tesla says legendary investor would be his choice for the U.S. Secretary of the Treasury.

StockNews.com

3 Stocks From Top Industries to Buy Now

Recession fears are widespread following the high-profile bank failures. Hence, fundamentally strong stocks from top industries, Albertsons (ACI), Hess Midstream (HESM), and ICF International (ICFI) that pay stable dividends might be ideal buys now. Read more.

Fortune

Billionaire investor Barry Sternlicht says inflation is going to ‘drop hard’—just look at rents

Starwood Capital CEO Barry Sternlicht says that rents tell us inflation is about to plummet.

The Street

Elon Musk Warns U.S. Banks Face a Big Problem

The sudden collapse of Silicon Valley Bank on March 10 caused panic among depositors at many banks, large and small.

Fortune

JPMorgan Chase CEO Jamie Dimon says we are ‘near the end’ of the banking crisis

“I think we’re getting near the end of this particular crisis,” Dimon told CNN Thursday—but he still worries about the potential for a U.S. recession.

Miami Herald

The Week Ahead: Watching for the balancing act by big banks

There are banks and then there are systemically important banks. These banks are too-big-to fail. They are required to maintain certain financial buffers to protect depositors from fast moving markets, concentrated bank investments and guard against putting the broader financial system at risk.

The Street

JP Morgan's Jamie Dimon Says Bank Troubles Reveal Important Fact About Risk

'Vigilant scrutiny' is needed, Dimon writes.

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