JPMorgan has money to spend but nothing to buy
The pandemic has accelerated the shift to digital payments, a business CEO Jamie Dimon regrets not having built up sooner
10 December 2020 - 15:20
London — Jamie Dimon appears restless. JPMorgan Chase’s CEO is imploring investment bankers — those most tireless of salespeople — to ring him up and pitch M&A ideas. It’s the clearest indication yet that the biggest US bank would prefer not to sit on its excess capital.
That’s a nice problem to have, but one the lender is struggling to solve. The worry is that this pushes it towards a transaction at any cost...
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