An attack on JPMorgan chief executive Jamie Dimon by senator Elizabeth Warren drew most of the headlines after a Congressional hearing on May 26.
Warren accused Dimon of being “the star of the overdraft show” for allowing JPMorgan to charge $1.46 billion of fees during the 2020 pandemic and asked whether or not he would return these charges and settle for $27.6 billion of profit for last year.
“No,” replied Dimon, who was performing his usual role of acting as a human shield for the other five heads of the biggest US banking groups.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
