Jamie Dimon Says His 'Anxiety is High' Over What Could Cause the Next Financial Crisis [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Yahoo! Finance
Key Takeaways Record asset prices and banks doing "dumb things" to stay competitive are reminiscent of the environment that led to the 2008 financial crisis, according to JPMorgan Chase CEO Jamie Dimon. The bank is seeing tangible benefits of AI adoption, but also monitoring its loan portfolio for potential risks that could arise from disruption. Markets are sitting near record levels and the vibes are good, but one bank chief is ill at ease. JPMorgan Chase ( JPM ) CEO Jamie Dimon says he doesn't know when or what series of events could lead to the next financial crisis, but he's concerned about the possibility given the state of the general market environment and its similarities to the one preceding the Great Financial Crisis "My anxiety is high over it," Dimon said in a meeting with investors this week, per a transcript provided by AlphaSense. "I'm not assuaged by the fact that asset prices are high. In fact, I think that adds to the risk." Dimon, like other prominent
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