JPMorgan (JPM) CEO Dimon says the credit downturn will be worse than people think

JPMorgan's CEO Jamie Dimon suggests that the anticipated downturn in credit markets could be more severe than currently acknowledged.

Newsquawk StaffPublished 28 Apr 2026, 14:59 UTCOn the live feed at 14:39 UTC — 5 more headlines followed before this page went public

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14:48

China is expected to recommence the export of diesel, gasoline and jet fuel as of May, FT reports; a source adds they are looking to do so primarily to Asian nations with low stockpiles

14:40

German Economy Ministry says it is in talks with Poland on possibility of short-term, temporary crude oil supplies to PCK Schwedt Refinery from Poland after Russia halts Kazakh oil flows via Druzhba

14:39

JPMorgan (JPM) CEO Dimon says the credit downturn will be worse than people think

14:36

CNB's Seidler says they are inclined to keep policy on hold in May

14:31

Brazillian President Lula is expected to finalise the new debt renegotiation programme on the 28th of April, Estadao reports citing sources; programme expected to be launched this week.

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Says he is not concerned about the US economy
Worst case, he worries about deflation

Context

While he expresses confidence in the US economy, his concerns about deflation signal potential risks for growth and could influence investor sentiment in the banking sector and broader equities markets.

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