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What really scares Jamie Dimon (and it isn’t the next US bank to fall)

The JPMorgan boss says bank collapses are normal, and he’d happily take a mild recession. It’s the abnormal stuff that worries him. 

Jamie Dimon, the chairman and chief executive of JPMorgan, says he doesn’t really know what “too big to fail” means any more.

Well Jamie, let Chanticleer help you out: when you run a bank with a market capitalisation of half a trillion dollars, and you’re the guy that the government calls on when it needs a bank rescued, the chances are you’re living it.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/what-really-scares-jamie-dimon-20230512-p5d7vs