During the presentation of the entity’s results for the third quarter, James Dimon was very pessimistic after the latest events.
James Dimon, CEO of JPMorgan, the largest bank in the United States by assets (and one of the largest in the world), stated that “the world is facing the most dangerous time in decades,” due to the war between Israel and Hamas.
During the presentation of the entity’s results for the third quarter, Dimon was very pessimistic after the latest events, together with those of Russia’s invasion of Ukraine last February 2022.
“The war in Ukraine, combined with the unleashed conflict after the attacks that Israel suffered last week, “can have serious implications for energy, the food market, global trade flows and geopolitical relations,” the manager reflected.
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“Although we hope that the conflicts are resolved as soon as possible and in the best possible way, we are preparing our firm for a broad range of possible outcomes in order to be able to meet the needs of our clients no matter how challenging the environment is,” he stated during a meeting with journalists that was echoed Bloomberg.
But despite his experience commenting on other geopolitical conflicts, in his conversation with journalists, he came to describe the Gaza conflict as “the most important issue for the Western world.”
Source: Ambito
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