Key Points
The US bank crisis that rattled global markets last month is probably nearing the end, even if more unforeseen failures occur, JPMorgan Chase & Co..
Only a handful of lenders have the problems that toppled Silicon Valley Bank, and when the industry starts reporting quarterly earnings next week, the numbers will probably be good, Dimon told CNN in an interview Thursday..
Asked if more bank failures might come, he said he didnt know...
Dimons remarks build on an assessment he offered in an annual letter to shareholders earlier this week, in which he acknowledged that the collapse of Silicon Valley Bank and the emergency sale of Credit Suisse Group AG to UBS Group AG had significantly changed the markets expectations for the economy...
The government shouldnt overreact to the banking crisis by imposing more rules on the industry, Dimon said.. (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)..
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