• SENSEX
    NIFTY 50
Finance

JPMorgan's Dimon says bad mortgage rules hindering growth of US economy

Updated : April 04, 2019 07:14 PM IST

In his annual letter to the shareholders, Dimon said the involvement of many regulators coupled with increased political intervention was making it difficult to achieve much-needed reforms in mortgage lending.
Dimon said JPMorgan was intensely reviewing its role in originating, servicing and holding mortgages, given the current lack of reforms.
The bank also said it expects its first-quarter net interest income will likely be flat compared with the prior quarter and adjusted expense to be up by "mid-single" digit percentage compared with the year-ago quarter.
JPMorgan's Dimon says bad mortgage rules hindering growth of US economy
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV