The CEO of JPMorgan Chase has taken the head of Donald Trump’s media company to task for claiming the lender “debanked” the firm under political pressure from the Joe Biden administration. “People have to grow up here, okay, and stop making up things,” Jamie Dimon told Maria Bartiromo on Fox News’ Sunday Morning Futures. “We…
Jamie Dimon might be right about the cockroaches. The JPMorgan boss recently warned markets that trouble could be brewing in the credit market. His reasoning? There’s always more than one cockroach if you see one, he said. Dimon was commenting on the recent high-profile failures of auto parts company First Brands and subprime auto lender…
NEW YORK (AP) — Wall Street is concerned about the health of the nation’s regional banks, after a few of them wrote off bad loans to commercial customers in the last two weeks and caused investors to wonder if there might be more bad news to come. Zions Bank, Western Alliance Bank and the investment…
Big banks including JPMorgan Chase and Goldman Sachs had just finished taking victory laps after a blockbuster quarter when concerns emerged from an obscure corner of Wall Street, sending a collective shiver through global finance. Regional bank Zions late Wednesday disclosed a near total wipeout on $60 million in loans after finding “apparent misrepresentations” from…
US stocks continued to slide before the bell on Friday as fears spread about regional banks’ exposure to bad loans and US credit quality, spurring an exodus by investors to safe havens. Dow Jones Industrial Average futures (YM=F) fell roughly 0.5%, while those on the S&P 500 (ES=F) sank 0.8%. Contracts on the tech-heavy Nasdaq…
Western Alliance Bank signage is displayed on the company’s Headquarters in downtown Phoenix, Arizona, on April 27, 2023. Patrick T. Fallon | AFP | Getty Images When you can’t repay a bank loan, that’s distressing — but probably not for the bank. But when tens of thousands of people, who had good credit ratings, can’t,…
An automatic teller machine at the Zions Bank headquarters in Salt Lake City, Utah, on July 10, 2023. Kim Raff | Bloomberg | Getty Images Stock Chart IconStock chart icon ZION and KRE, 1-day The bankruptcies of two auto industry-related companies this year have raised concerns about loose lending practices, especially in the opaque private…
Travis Hutchison, a soybean farmer, unloads his cargo from his family’s truck at a local grain dealer in Queen Anne, Maryland, on Oct. 10, 2025. Roberto Schmidt | AFP | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to…
The recent collapse of subprime auto-lenders Tricolor Holdings and debt-heavy auto-parts company First Brands has raised questions about the health of the credit market. JPMorgan’s CEO Jamie Dimon voiced caution over the high-profile crack-ups, saying his “antenna” is up. “When you see one cockroach, there’s probably more,” Dimon said on the bank’s third-quarter earnings call…
Wall Street is growing louder with warnings that the artificial intelligence trade may be overheating. After months of record gains in AI-linked stocks and corporate spending, concerns are mounting that the boom is starting to look like a bubble. JPMorgan CEO Jamie Dimon underscored that tone of caution while speaking to reporters on Tuesday, calling…