Warnings from the chief executive of the nation’s largest bank have been consistently at odds with heady financial markets.

By Rob Copeland.

April 12, 2024Updated 8:18 a.m. ET

"Jamie Dimon, the chief executive of JPMorgan Chase, on Friday warned of an “unsettling” global landscape, highlighting a cascade of pressures including war, rising geopolitical tensions and inflation that threaten the economy and could weigh on the performance of the nation’s largest bank."

"JPMorgan’s financial performance was affected by more ordinary issues. While it earned more than $13 billion in the first quarter, the bank’s average customer deposits fell, and it warned of higher expenses in the future. JPMorgan also disclosed a fall in its so-called net interest income, a closely watched financial metric that essentially measures how much money it is able to make from lending.

Wells Fargo, the nation’s third-largest bank, on Friday separately reported earnings that also included a drop in that measure.

JPMorgan’s shares were down 3 percent in trading before markets opened on Friday."

NYTimes

Comments

When the President Sounds the Alarm, But the Government Looks Away.

A President's Moral Warning Israeli presidents traditionally avoid political confrontation. Their role is largely ceremonial and symbolic, intended to unify rather than divide. Yet Herzog chose to speak openly about something many observers have documented for years: the erosion of moral restraints. His language was unusually severe. Warning of what he called " a terrible process of brutalization " within Israeli society, Herzog lamented that " there are segments among us that are barely shocked by violence anymore " while " certain other segments treat it lightly." Perhaps most alarming was his warning that extremist conduct is no longer confined to society's fringes. Such behavior, he said, is " threatening to enter the mainstream ." The significance of the speech lies not merely in what was said, but in who said it. When a country's ceremonial head of state feels compelled to warn that brutality is becoming normalized, the ...

Hajo Meyer: Auschwitz, Zionism, and the Courage to Say “Never Again Means Never Again”

Hajo Meyer did not speak from ideology. He spoke from Auschwitz . Born in Germany in 1924, Meyer survived the Nazi machinery of annihilation and emerged with a conviction that would shape the rest of his life: the Holocaust was not a Jewish lesson alone—it was a human one . To betray that universality, he believed, was to betray the dead. Late in life, Meyer became one of the most unsettling voices in Jewish ethical discourse —not because he denied Jewish suffering, but because he refused to let that suffering be weaponized . The Moral Core of The End of Judaism (2005) In his seminal book, The End of Judaism: An Ethical Tradition Betrayed , Meyer argues that Judaism is not defined by land, power, or ethno-nationalism , but by an ethical tradition rooted in justice for the vulnerable. One of his central claims is uncompromising: “ Judaism is not a bloodline or a state . It is an ethical tradition. When that tradition is abandoned , Judaism ends — regardless of who claims ...

ACTIVE CITIZEN WORKSHOP

Active citizen workshop held in Mid city hotel Near Dera Adda Multan at October 28, 2010 with the coordination of Awaz Foundation and British council. It was four days workshop that ended at October 31, 2010. There were 29 Participants in this workshop from varieties of culture, ages, education, social standard, mental approach and gender. It was like a group of flowers with different colors,size and different perfumes. Mr. Sultan and Ms. Shabnum Ayyub were Facilitator of this workshop who performed their assigned tasks beautifully and effectively. CRITICAL APPRECIATION OF THIS WORKSHOP AS AN OBSERVER AND PARTICIPANT The scope of this workshop was to make realize the youth of this area that they have abundance of qualities too much that can bring a good CHANGE, the change that is long desire of our homeland. Decreasing the trust deficit between each others, between different social groups, between peoples of rural areas and urban areas. Understanding to each others that is key in this ...

De dollarization a nightmare for global power elite.

" First and foremost, the weakening of the U.S. dollar would begin if Saudi Arabia accepted local currencies for oil trade. If Saudi Arabia demands that other countries pay in local currencies only, then demand for the U.S. dollar would dip drastically. The move could lead to the dollar facing a depreciation in the international forex and currency markets . A weak dollar would make imported goods more expensive in the United States and potentially impact the overall U.S. economy. Secondly , other nations will begin to diversify their reserves and accumulate other currencies apart from the U.S. dollar . The development would increase demand for other local currencies and put them in direct competition with the dollar. Central Banks around the world will keep reserves of all currencies and commodities like gold, making the USD dip. Thirdly , and in conclusion, Saudi Arabia might not make such a decision as their currency, the Riyal, is pegged to the U.S. dollar. Therefore, if the ...

The Echo in the Airwaves: Antoinette Lattouf's Win is a Win for Press Freedom.

The gavel has fallen, and with it, a resounding victory for journalist Antoinette Lattouf and, indeed, for the very soul of independent journalism in Australia. The Federal Court’s ruling against the ABC isn't just a legal win; it's a powerful affirmation that a journalist's right to express a political opinion – particularly one rooted in human rights – cannot be silenced by external pressure or internal panic. Lattouf's case, which saw her unlawfully terminated from her ABC Radio Sydney hosting gig in December 2023, laid bare a disturbing truth: even our most trusted institutions can buckle under the weight of coordinated campaigns designed to stifle dissenting voices . Her "crime"? Simply reposting a factual Human Rights Watch report on Instagram , highlighting the use of starvation as a weapon of war in Gaza. The court's findings were damning. The ABC, it was revealed, " abjectly surrendered" to a "secretive and orchestrated campaign...

Ainnbeen

Search This Blog