JPMorgan Chase CEO remarks on underwriting large municipal bonds for government financing at Senate hearing

JPMorgan Chase Chairman and CEO Jamie Dimon discusses his bank's role in extending $1.7 trillion in credit to consumers, moving $10 trillion daily worldwide, and safeguarding $129 trillion in assets, vital functions of large and complex banks as as Main Street banks supporting multinational corporations, financial institutions, and playing a crucial role in creating and maintaining transparent and liquid capital markets, its importance in times of trouble, providing market stability, liquidity, and significant support during crises, such as the recent regional bank turmoil and the challenges posed by COVID 19 in prepared testimony at a Senate Banking Committee hearing with fellow Wall Street bank and financial executives.
JPMorgan Chase Chairman and CEO Jamie Dimon discusses his bank's role in extending $1.7 trillion in credit to consumers, moving $10 trillion daily worldwide, and safeguarding $129 trillion in assets, vital functions of large and complex banks as as Main Street banks supporting multinational corporations, financial institutions, and playing a crucial role in creating and maintaining transparent and liquid capital markets, its importance in times of trouble, providing market stability, liquidity, and significant support during crises, such as the recent regional bank turmoil and the challenges posed by COVID 19 in prepared testimony at a Senate Banking Committee hearing with fellow Wall Street bank and financial executives.
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May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing, or cast discredit on or dishonor any member of the U.S. House of Representatives or U.S. Senate, or bring the House or Senate or any Member into disrepute.
Credit:
FedNet / Getty Images
Editorial #:
1840927530
Collection:
FedNet
Date created:
December 06, 2023
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Rights-ready
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Not released. More information
Clip length:
00:01:23:25
Location:
Washington, DC, United States
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MPEG-4 8-bit H.264 HD 1920x1080 29.97p
Source:
FedNet
Object name:
sba120623i