“It is clear that the banking institutions have actually a lot of capital. ” Jamie Dimon (CEO, JPMorgan), Annual Letter to Shareholders, 4, 2017 april.
“If JPMorgan actually had need for extra loans from creditworthy borrowers, why achieved it turn those customers away and rather decide to buy its stock back? ” 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 even faster than banking institutions, to ensure that banking institutions’ share of credit into the personal sector that is nonfinancial fallen from 55% to 34per cent (see BIS data here). (more…)