JPMorgan’s Dimon: Next Crisis Could Be More Volatile

JPMorgan CEO Jamie Dimon said the next financial crisis could bring “more volatile” markets and a “rapid decline in valuations” as regulators have hamstrung banks.

In his annual letter to shareholders, he indicated that the trigger of the next crisis will not be same as the last one, but no matter what, the next crisis will come in time.

Banks’ role as shock absorbers dramatically hindered

Dimon cautioned that some things never change and there will be another crisis, and its impact will be felt by the financial markets.  He warned that the ability of JPMorgan and other banks to...