JPMorgan (JPM) CEO Dimon on credit card cap says it will be an economic disaster and it will remove credit from 80% of Americans, but JPM "would survive it"; US economy is "in pretty good shape"

Dimon's commentary on a proposed credit card cap raises significant concerns about the potential impact on consumer credit availability, which could disproportionately affect a large segment of the U.S.

Newsquawk StaffPublished 21 Jan 2026, 12:44 UTCOn the live feed at 12:24 UTC — 5 more headlines followed before this page went public

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12:27

JPM Treasury Client Survey (w/e Jan 20th): Longs rose 2ppt to most since December 15th

12:25

US BROKER MOVES: OKLO upgraded at BofA; FDX downgraded at Rothschild & Co Redburn

12:24

JPMorgan (JPM) CEO Dimon on credit card cap says it will be an economic disaster and it will remove credit from 80% of Americans, but JPM "would survive it"; US economy is "in pretty good shape"

12:16

UniCredit (UCG IM) Chairman says when asked about a possible renewed interest for MPS, says reviving past romances is 'dangerous'

12:15

UK Chancellor Reeves says confident we can stick with trade deal secured with the US last year, via Channel 4 interview

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Context

population. His assertion that the U.S. economy is still "in pretty good shape" suggests a level of confidence in fundamental economic resilience, despite the alarm over regulatory changes. This juxtaposition might have implications for how investors view the banks' stability and their credit exposure.

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