Jamie Dimon Warns on Banking Crisis in Annual Letter

Sonali Basak reviews the key takeaways from JPMorgan CEO Jamie Dimon's annual letter to shareholders. In the letter, Dimon warned that the recent banking crisis will be felt for years and also commented on using AI, geopolitics and the firm's activities in Ohio. Basak speaks on "Bloomberg Surveillance."

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[diane.cobram]

The removal of the Glass-Steagall Act in the late 1990s, which contributed to the spectacular failure of large banks during the financial crisis of 2007–2008, was a very poor choice. Dodd-Frank and this law both need to be reinstated immediately in order to avert another catastrophe. If nothing is done to address the current situation, what occurred with SVB is only the beginning of what will occur.

[rcpcash]

Maybe it is time to admit that the keynesian economic experiment of over 100 years was a terrible idea...

[MarekKolenda-lgix]

Powell and Fed starting printing new money stocks market go up

[MrFfrenchh]

Jamie Dimond, runs a relatively clean ship in jp Morgan compared to other banks, Jamie Dimond has great moral compass compared to other banking ceo's

[EatMyOats]

JPM The poster child of criminal conviction, manipulation... And now our savior? You sound like some religious fanatic giving this guy any benefit of any doubt.

[gargamelandrudmila]

I think there are about $20tln in deposits in the US. So $1tln moving from regional to money centre banks. So this is @ 5% of what.

[regularbob]

Please get Tom Keene off the show. This guy is terrible on camera…and he interrupts everyone💯

[outsidetheboxink]

Jamie has been in control of JPMC for 20 years? Suddenly the economy in all this time makes more sense. The man should be arrested, not praised. He's on his second round of crashing the market in his criminal career!

[parabellum]

What a crock. Talking heads that read scripts and for the most part have no understanding about what they are reading!

[john]

There's a conflict of interest in having a billiolaire and financier at the Treasury. Industries, lobbies, wealthy people want to set the rules in the interest of whole "society". Very much like SVB's Ceo working for the FED at the same time. US looks a lot like Russia

[bps]

When Jamie leaves, I'd sell JP Morgan in a heartbeat.

[jimbojimbo]

You have the best banking CEO ever and are crying about women not having room to take his job lmao

Smh

[blahzndef]

What's Tom's beverage of choice?

[Kaatu-barada-nikto]

Jamie's shareholder letter is the least of his concerns. Just wait until Epstein Island videos emerge for all to see.

[schgtfuftrdfgcyytcytcy]

She always breaths so loudly like she’s short of breath .

[bardiamousapour]

Sonali is gaining some weight…her current buddy type is my dream’s girl buddy type 😘