“It is clear that the banking institutions have actually way too much capital. ” Jamie Dimon (CEO, JPMorgan), Annual Letter to Shareholders, 4, 2017 april.
“If JPMorgan actually had need for extra loans from creditworthy borrowers, why made it happen turn those clients away and instead elect to buy back once again its stock? ” Neel Kashkari (President, Federal Reserve Bank of Minneapolis), Jamie Dimon’s Shareholder (Advocacy) Letter, 6, 2017 april
Within the last 40 years, U.S. Money areas have cultivated considerably faster than banking institutions, to make certain that banking institutions’ share of credit towards the personal nonfinancial sector has fallen from 55% to 34per cent (see BIS statistics right here). Nonetheless, banking institutions stay a crucial area of the system that is financial. Read More