JPMorgan considers suspending dividend for first time
CEO Jamie Dimon expects a ‘bad recession’ in 2020 if the coronavirus crisis deepens
Bangalore — JPMorgan Chase CEO Jamie Dimon on Monday said he sees a “bad recession” in 2020, and that the largest US bank could suspend its dividend if the coronavirus crisis deepens.
Dimon, widely regarded as the face of the US banking sector, is the most prominent voice on Wall Street so far to project that the economic cost of the coronavirus will not evaporate quickly. He said the bank's earnings will be down “meaningfully in 2020"...