JPMorgan CEO Jamie Dimon says current banking crisis is 'not yet over'

In a letter to shareholders, JPMorgan Chase CEO Jamie Dimon said the recent banking crisis is "not yet over." Axios senior business reporter Hope King joined CBS News' Vladimir Duthiers and Shanelle Kaul to discuss Dimon's remarks, if consumers should be concerned about their money and how the current banking concerns differ from 2008.

#news #banking #jpmorgan

[SaltyBollocks]

You can't print trillions of dollars and expect the value of the dollar to increase. Things aren't more expensive, your dollars are worth less than before.

[HafezBd]

We fail to realize that banks are commercial enterprises that are driven by greed as well. The over-leveraging of assets by banks starting in 2020 was one of the factors that led to SVB's collapse. I've never felt secure keeping a large sum of money in a bank. In other words, I invest through my financial advisor, reap the benefits, and then spend the money.

[enrifique]

Capitalists: “the baking crisis is not over because I haven’t scammed the American people out of enough of their hard earned money yet”

[joeanderson]

I think that high interest rates are harmful to our economy. People need to be able to spend and barrow money. People need to be able to invest and operate their businesses. The economy is not doing poorly. People are just price gouging.

[shagaru]

we should forcibly seize all of his assets well see if he still supports his own policies

[윤선열-ct]

I did too and most people misunderstand what you say.
I began to understand when I thought that I was at the entrance of the economic recession and that I should look far away at the economy.

[vivavasquez]

or did the bank bet on the future of water shortages in California ?

[ComesoonJesus]

He can't make sure his vendors mail payments to the right address and HE gives advice?

[susannnico]

The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.

[jojogo]

Blah blah blah.... "and with that perspective we should feel safe".
Thanks dear. I feel so much better.

[vivavasquez]

why ? did elon musk borrow money to buy Twitter ?

[camigalles]

Or maybe you don't do microcredit lending very well.

[PonziZombieKiller]

Pet Rocks and battery operated cars will save the world... omfg

[americana]

"Fat, Trump + Stupid is no way to go through life, son" - Dean Vernon Wormer (Animal House)