Jamie Dimon, CEO of JPMorgan
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Jamie Dimon changed the format of his annual shareholder letter, which was published on Monday, to focus on the challenges of the coronavirus crisis.
He made the uncontroversial statement that the minimum that can be expected is a bad recession and financial stress comparable to the credit crisis of 2008, before raising the possibility that JPMorgan will suspend its dividend.
Dimon said this could occur under an “extremely adverse scenario” that features a 35% drop in US GDP and a 14% unemployment rate.
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