JPMorgan’s Dimon downbeat as profit drops 42%

JPMorgan posts a decline in investment banking revenues in the first quarter of 2022 as companies delay takeovers and stock market listings JPMorgan Chase & Co.’s chief executive officer Jamie Dimon warned of economic uncertainties arising from Russia’s invasion of Ukraine and soaring inflation, after first-quarter profits at the largest US bank slumped 42%. JPMorgan … Read more

JPMorgan’s Dimon warns of potential $1-billion loss from Russia exposure

‘America must be ready for the possibility of an extended war in Ukraine with unpredictable outcomes,’ JPMorgan chairman and CEO Jamie Dimon writes in his keenly watched annual letter to shareholders NEW YORK, USA – JPMorgan boss Jamie Dimon warned on Monday, April 4, that the bank could lose about $1 billion on its Russia … Read more