JPMorgan Chase CEO Jamie Dimon is worried about "stagflation," a period of slow economic growth, high unemployment, and high inflation. Here's why.
(Reuters) -JPMorgan Chase CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment and healthy consumer finances. The U.S. economic boom is "unbelievable," Dimon said at an Economic Club of New York event on Tuesday. Dimon, who has run the largest U.S. lender for more than 18 years, has cautioned that inflation could be more persistent than expected, keeping interest rates higher for longer.
The bank CEO says the company looks for candidates who are “smart, ethical, decent people.”
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JPMorgan Chase & Co. upgraded shares of Roblox (NYSE:RBLX – Free Report) from a neutral rating to an overweight rating in a report released on Tuesday, Marketbeat.com reports. They currently have $48.00 price target on the stock, up from their prior price target of $41.00. RBLX has been the topic of a number of other […]
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A Russian court has ordered the seizure of funds in JPMorgan Chase bank accounts in Russia, court filings showed on Wednesday, in a lawsuit filed by state-owned bank VTB as it seeks to regain funds blocked abroad. JP Morgan Chase last week sued VTB in New York to halt its efforts to recover $439.5 million from an account that was blocked after Russia despatched its army to Ukraine in 2022 and VTB was hit with sanctions.
A Russian court ordered the seizure of funds in JPMorgan accounts after Russian state-owned bank sued to regain its funds blocked abroad. Move not expected to affect American customers directly