JPMorgan Chase CEO Jamie Dimon said in his annual shareholder letter Tuesday that the current fallout from the bank failures of Silicon Valley Bank (SVB) and Signature Bank would likely continue for years.
“As I write this letter, the current crisis is not yet over, and even when it is behind us, there will be repercussions from it for years to come,” wrote Dimon. However, in comparison to 2008, Dimon said the 2023 crisis “involves far fewer financial players and fewer issues that need to be resolved.”
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