Jamie Dimon, CEO of JPMorgan Chase, testifies through the Senate Banking, Housing, and City Affairs Committee listening to titled Annual Oversight of the Nations Largest Banks, in Hart Constructing on Sept. 22, 2022.
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JPMorgan Chase CEO Jamie Dimon mentioned Tuesday that it is unlikely his financial institution would purchase one other struggling lender after its government-brokered acquisition of First Republic.
“Unlikely,” was Dimon’s curt response to a shareholder who requested about acquisitions through the New York-based financial institution’s annual shareholder assembly.
The turmoil in mid-sized banks sparked by the Silicon Valley Financial institution collapse in March exhibits that merely assembly regulatory necessities is not sufficient, Dimon added.
Traders of the most important U.S. financial institution by property peppered Dimon and his managers with questions concerning the financial institution’s technique, positions on hot-button political points and use of AI instruments together with ChatGPT, amongst different subjects.