President Trump just put Bank of America and JPMorgan Chase on notice over allegations that the banks have shuttered accounts and denied customers over their political beliefs.
In response to external attacks on DEI at big-name financial firms, JPMorgan Chase CEO and Chair Jamie Dimon had a few choice words regarding the activists: “Bring them on.” The comments were made Wednesday on CNBC’s “Squawk Box” program, filmed at the World Economic Forum in Davos, Switzerland.
CEO Jamie Dimon agrees that "debanking" happens. He disagrees with some critics about the reasons why. The claim that big banks have closed accounts held by certain political or business customers gained new visibility this week when President Donald Trump confronted Bank of America (BAC) CEO Brian Moynihan at the World
“If it’s a little inflationary, but it’s good for national security, so be it. I mean, get over it,” JPMorgan Chase CEO Jamie Dimon told CNBC on Wednesday from the World Economic Forum in Switzerland. “National security trumps a little bit more inflation.”
Jamie Dimon reaffirmed JPMorgan's DEI commitments after pressure from an activist shareholder.
Jamie Dimon remains steadfast in JPMorgan's DEI efforts, despite facing challenges from conservative activist investors and Trump's recent crackdown on DEI initiatives.
JPMorgan Chase & Co. Chief Operating Officer Daniel Pinto said private credit’s financing of small businesses warrants attention, given the booming industry has yet to experience the fallout from an economic deterioration.
JPMorgan Chase CEO Jamie Dimon on Wednesday downplayed concerns about new tariffs from the Trump administration: "If it's a little inflationary, but it's good for national security, so be it."
President Donald Trump’s ambitions for a reordering of world commerce are broader. The opposition — at home and abroad — is weaker. And the economic risks he seems prepared to run may be greater.
JPMorgan Chase & Co. Chief Executive Jamie Dimon said this week that asset prices, including stocks, were "kind of inflated, by any measure," during a CNBC interview at the World Economic Forum in Davos, Switzerland.
JPMorgan and Costco say DEI efforts help drive innovation and success, though other companies like Meta and Walmart are scaling back policies.