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Topline
The banking crisis is far from over, JPMorgan Chase CEO Jamie Dimon wrote Tuesday morning in an annual letter to shareholders, offering the most in-depth insight into recent industry-wide turbulence from the head of the country’s biggest bank yet.
Key Facts
“Repercussions” from the ongoing banking calamity will linger “for years to come,” Dimon wrote, referring to the failures of American banks Silicon Valley Bank and Signature Bank and the unraveling of Swiss stalwart Credit Suisse over a two-week period last month.
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