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Jamie Dimon, CEO of JPMorgan Chase, does not expect a recession
FoxNews.com columnist Liz Peek, former investment bank Carol Roth, former Pennsylvania Governor Ed Rendell (D) and Kaltbaum Capital Management President Gary Kaltbaum on JPMorgan's CEO Chase, Jamie Dimon, saying that the United States will not experience a recession in the coming years.
Senator Elizabeth Warren, D-Mass., Ripped Chase Bank after the financial institution tweeted a "Monday motivation" tip for customers with low bank balances.
Chase's message, now deleted, contained a fictional conversation between a person and his bank account, in which this person was unaware of tips to save money, such as preparing his morning coffee at home at home. place to buy it in a shop. Many critics, including Warren, immediately reacted on social media, including Warren, who saw it as a muted attack on low-income Americans.
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Mimicking the format used by Chase in his original tweet, Warren pointed out that the bank had benefited from a $ 25 billion bailout funded by taxpayers as a result of the 2008 financial crisis. Presidential hope of 2020 also reiterated his common assertion that major employers do not pay a living wage to their employees.
A frequent critic of professional misconduct, Warren emerged as the most powerful detractor of Wells Fargo after the bank was linked to a series of scandals related to his sales practices. Warren has identified the separation of large technology companies such as Amazon and Google among his main platform issues for the 2020 election cycle, claiming that these companies had pursued mergers and anti-competitive business initiatives.
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Chase Bank's tweet arrived a few weeks after Jamie Dimon, CEO of JPMorgan Chase, was confronted with difficult questions from the House Financial Services Committee about his compensation practices for junior employees. The institution has addressed the criticism of his tweet in a second post.
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