America’s top banker Jamie Dimon has cautioned that U.S. stocks face a higher risk of a major correction than markets currently reflect, which he believes could occur within the next six months to two years. Dimon, who heads the country’s largest bank, JP Morgan, said he is “far more worried about the correction than others,”…
The premise is driven by Treasury Secretary Scott Bessent’s agenda to engineer a liquidity injection that resembles past Federal Reserve interventions, said Hayes in a lengthy blog post on July 3. However, this will be done via financial innovation and regulatory tweaks, not overt money printing, he added. Bessent is “done getting fluffed,” and it’s…
Get Email Alerts and Follow Us: U.S. banks are on the verge of a significant regulatory relief, potentially saving them tens of billions of dollars as regulators consider easing proposed capital reserve requirements. Following intense lobbying led by figures like JPMorgan Chase‘s Jamie Dimon, regulators might reduce the initially suggested 19% increase in core capital…