CEO lambastes FTX as a 'decentralized Ponzi scheme' and says JPMorgan continues to add staff as it opens more branches around the globe.
JPMorgan Chase & Co. CEO Jamie Dimon has walked back his forecast of an economic “hurricane” somewhat, saying the megabank continues to hire despite layoffs in the sector.
In an interview Tuesday at the JPMorgan Healthcare Conference, Dimon also unleashed some fresh barbs against cryptocurrencies and criticized the crypto-trading platform FTX, which filed for bankruptcy late last year. While rival megabanks bank Goldman Sachs Group Inc. GS , Morgan Stanley MS and Wells Fargo & Co. WFC have been cutting jobs or signaling layoffs, Dimon said JPMorgan JPM continues to hire.“So far we’re still in the hiring mode,” Dimon said. “We have a lot of growth plans. You know, I tend not to stop growing because you have a recession. Even in a recession, we’re opening in new countries we’re talking about. And we think those things are very good for shareholders over the long run.
Asked about the market for initial public offerings as well as mergers, Dimon said the environment appears to be stabilizing.
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