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Tag: Jamie Dimon

Jamie Dimon looks at geopolitical risk for hints about severity of U.S. recession
Business

Jamie Dimon looks at geopolitical risk for hints about severity of U.S. recession

The CEO of the largest bank in America, Jamie Dimon, is eyeing world events for signs of how severe a potential recession in the U.S. may be.Many on Wall Street, including Dimon's own bank, JPMorgan Chase, predict the U.S. will tip into recession early next year."It's turbulent," Dimon said of current geopolitical risk. "It's like anything can go wrong," he told CBS News "Face the Nation" moderator Margaret Brennan in an exclusive interview. He pointed to a range of risk factors — including Russia's war in Ukraine, fiscal turmoil in emerging markets, U.S. competition with China and rising oil and food prices — as things that will determine the economic outlook. Dimon also said the Federal Reserve was probably behind the curve in adjusting poli...
Ye and JPMorgan Chase ending their banking relationship
Business

Ye and JPMorgan Chase ending their banking relationship

JPMorgan Chase and the rapper formerly known as Kanye West are ending their business relationship, but the breakup is not a result of the controversy over the hip-hop star's recent antisemitic comments.The letter ending West's relationship with JPMorgan was tweeted Wednesday by conservative activist Candace Owens, who has been seen publicly at events with the rapper, who is now legally known as Ye. While Owens claimed that JPMorgan did not disclose the reason for severing ties, the letter was sent to West on Sept. 20, according to a person familiar with the matter who was not authorized to speak about it publicly. The decision was made after Ye publicly said he was going to cut off ties with the bank. JPMorgan is giving West 60 days from the date of the letter to find a new bank...