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JPM prepping for zero rates; N.J. to pressure banks on guns

Sep 11, 2019 - American Banker

Receiving Wide Coverage ...How low will they go?

JPMorgan Chase CEO Jamie Dimon said the bank "is starting to prepare for how to make money if interest rates in the U.S. drop to zero." Speaking at Barclays' financial services conference in New York City, Dimon said the bank "has begun discussing what fees and charges it could introduce if interest rates go to zero or lower."

"While Mr. Dimon stressed hewasn't expecting zero ratesat this point, the fact that he would entertain such a ...