Jamie Dimon, President and you will Chief executive officer of JPMorgan Pursue, wants to perpetually brag on their bank’s “fortress balance sheet

Jamie Dimon, President and you will Chief executive officer of JPMorgan Pursue, wants to perpetually brag on their bank’s “fortress balance sheet

” However in the fall of 2019, one fortress needed seriously to use grand figures of money regarding the Government Put aside – having nonetheless unexplained factors. The trading products off almost every other Wall structure Roadway finance companies along with borrowed high amounts regarding Provided even so they have not branded on their own because “fortress harmony layer.”

Last night, brand new Government Set-aside Lender of brand new York create new names out of financial institutions additionally the money wide variety which were borrowed significantly less than the emergency repo loan operations for the past one-fourth of 2019.More