Jamie Dimon

Jamie Dimon calls crypto tokens ‘decentralized Ponzi schemes’

September 22, 2022September 22, 2022

JPMorgan Chase CEO Jamie Dimon likened crypto tokens to Ponzi schemes before a U.S. House Committee Oversight hearing on Wednesday, reiterating his well-known criticism of cryptocurrencies. “I’m a major skeptic on crypto tokens, which you … Read more

Categories Cryptocurrency Tags bitcoin, crypto tokens, decentralized ponzi schemes, DeFi, Jamie Dimon, JPMorgan Chase

JPMorgan Chase earnings fell 28% after building reserves for bad loans, bank suspends buybacks

July 14, 2022

JPMorgan Chase said Thursday that second-quarter profit slumped as the bank built reserves for bad loans by $428 million and suspended share buybacks. The actions reflect Chairman and CEO Jamie Dimon’s increasingly cautious stance. “The U.S. … Read more

Categories Stocks, Bonds, and Trading Tags economy, Jamie Dimon, JPMorgan Chase