Post ID 21175

“It is clear that the banking institutions have actually an excessive amount of capital. ” Jamie Dimon (CEO, JPMorgan), Annual Letter to Shareholders, April 4, 2017.

“It is clear that the banking institutions have actually an excessive amount of capital. ” Jamie Dimon (CEO, JPMorgan), Annual Letter to Shareholders, April 4, 2017.

“If JPMorgan actually had interest in extra loans from creditworthy borrowers, why achieved it turn those clients away and rather elect to buy back once again its stock? ” Neel Kashkari (President, Federal Reserve Bank of Minneapolis), Jamie Dimon’s Shareholder (Advocacy) Letter, 6, 2017 april

In the last 40 years, U.S. Money areas have cultivated considerably faster than banking institutions, to make certain that banking institutions’ share of credit to your personal nonfinancial sector has fallen from 55% to 34per cent (see BIS data right here). (more…)