Tag: jpmorgan

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Jamie Dimon’s annual Letter to Shareholders 2022 – part 2, final

Colin Henderson

— Here are my notes and thoughts on the banking turmoil section of the JP Morgan letter. The piece of the letter that addresses the Banking crisis is thoughtful and carefully worded. It jumps off the page that Dimon sees a desperate need for agreement between regulators and banks as to role of banks, what we see as their role and finally the need to include shadow banking which form a larger than life part of the financial system. Rana Foroohar of FT wrote on this just yesterday. When the pandemic hit (2020), non-banks such as hedge funds and open-ended … Continue reading Jamie Dimon’s annual Letter to Shareholders 2022 – part 2, final

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Jamie Dimon’s annual Letter to Shareholders 2022 – my first impression

Colin Henderson

Annual Report 2022 | JPMorgan Chase & Co The letter contains a section on BANKING TURMOIL AND REGULATORY GOALS. My impression: More to come. Meantime here is JP Morgan introduction to this discussion extracted from the letter and the source. Following is extracted from JP Morgan letter. BANKING TURMOIL AND REGULATORY GOALS The recent failures of Silicon Valley Bank (SVB) in the United States and Credit Suisse in Europe, and the related stress in the banking system, underscore that simply satisfying regulatory requirements is not sufficient. Risks are abundant, and managing those risks requires constant and vigilant scrutiny as the … Continue reading Jamie Dimon’s annual Letter to Shareholders 2022 – my first impression

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Despite creeping economic optimism, top US Banks are sending warning signals on world economy

Colin Henderson

Despite creeping economic optimism, top US Banks are sending warning signals on the economic impacts expected to be felt over 2023/ 2024. Below are quotes from Black Rock and JP Morgan who together represent trillions of assets. It has been a long held approach by banks for as long as I remember, to delay interest rate increases on deposits during times of rate increases. So the tears being shed due to rate increases coming are more of a warning and message to markets, that reflect capacity to increase revenue easily and quickly. Meanwhile banks are already enjoying benefit of higher … Continue reading Despite creeping economic optimism, top US Banks are sending warning signals on world economy