Banking Summary

JPMorgan Chase CEO Jamie Dimon addressed recent allegations regarding the debanking of Trump Media Group, asserting that the bank complies with government subpoenas but does not specifically target individuals or entities.

He emphasized that both Democrats and Republicans can experience debanking, stating, 'People have to grow up here.' In addition, Dimon commented on the current economic landscape, indicating that while the American consumer is in decent shape, inflation remains stubbornly high and is 'not going down.' As the Federal Reserve prepares for its next interest rate decision, Asian shares are showing mixed performance amid investor uncertainty, with U.S. stock futures remaining flat as markets await potential rate cuts or asset purchase hints from the Fed.