Jamie Dimon Warns Banking Crisis 'Is Not Yet Over!'
Patrick Boyle On Finance
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Introduction
JP Morgan CEO Jamie Diamond blamed regulators for recent banking panics. He argues that the recent events where three US banks failed and the Swiss government engineered an emergency takeover of credit Suisse risk undermining confidence in the industry. In his letter, he put forth that the regulations ushered in after the credit crunch encouraged banks to build large portfolios of treasury bonds.
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