Jamie Dimon, CEO of JP Morgan Chase, weighs in on shutdown fears, recession predictions
When the next recession strikes, it won't be as bad as the last one, J.P. Morgan Chase CEO Jamie Dimon predicted Tuesday. "You will have a recession. It just won't be like you had the last time in ... affecting the banking system," he said in a call Tuesday with analysts after the company released its fourth-quarter earnings. The chief executive said the larger banks have been more prudent when approving new loans. It's the newer, non-bank lenders – dubbed shadow banks – that could have problems during a recession, he predicted. "Someone's ...
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