Briefing

JPMorgan’s Dimon Criticizes Regulatory Response to SVB Collapse

By
Michael Roddan
· · Source: The Information

The banking crisis sparked by the collapse of Silicon Valley Bank “is not yet over,” according to J.P. Morgan CEO Jamie Dimon, who criticized the Federal Reserve’s stress-testing regime for failing to probe the impact of higher interest rates that led to SVB’s undoing and government attempts to prevent further runs on the regional banking sector. “Resolution and recovery regulations did not...

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