Adam Ludwin responds to comments made by Jamie Dimon recently in a lengthy letter; explains his perspective on the market, breaks down his definition of cryptocurrencies and more. Source
Jamie Dimon dedicated a portion of his annual letter to talk about regulations on mortgage lending; states that regulations have led to a slow recovery, reducing mortgage lending by about $300 billion annually; provides his perspective on FHA lending where non-banks have taken a significant market share; on servicing mortgages, Dimon wrote, "new mortgage rules and regulations total more than 14,000 pages and stand about six feet tall."; this has made it expensive to service troubled mortgages. Source
Dimon noted that new customers can open a new deposit account in less than five minutes and that the bank...
Leading the news this week was the incredible demise of Fast that imploded this past week. Also making news was a big M&A deal from Fast archrival Bolt, Jamie Dimon's shareholder letter discusses tech, the UK go all-in on crypto, the SEC wants to regulate crypto exchanges and more.
You have to acknowledge the star quality of JPMorgan Chase chairman and CEO Jamie Dimon after reviewing the investor day details yesterday.
Crain's talked with JPMorgan CEO Jamie Dimon this week as he toured the Midwest, meeting with bank employees; Dimon discussed the credit market; also gave his perspective on online lending, noting some of the risks from depending on investor capital versus bank capital. Source
JP Morgan CEO Jamie Dimon speaking at the bank’s annual investor meeting stated, “We are looking, and we will be...