Jeenah Moon/Reuters
The No. 1 U.S. bank by assets could look at the dividend if the gross domestic product were to fall by as much as 35 per cent in the second quarter and unemployment rate were to plunge further to 14 per cent in the fourth quarter of the year, Dimon wrote in his annual letter to shareholders. JPMorgan will extend benefits to customers hit hard by the health crisis, by introducing measures such as waivers for late fees and a 90-day grace period for mortgage and auto loan payments, according to the letter.
“In both our central case scenario for 2020 results and in our extremely adverse scenario, we are lending – currently or plan to do so – an additional $150 billion for our clients’ needs,” Dimon said.
globebusiness Why is this man no in jail for few decades. He was one of the worse who caused 2008 crash. What does it tell you about America. It is mafia state.
globebusiness Kick the shareholder where it hurts.
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