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Jamie Dimon Warns of Hidden Risks in US Economy as Bank Stocks Plunge

Jamie Dimon Warns of Hidden Risks in US Economy as Bank Stocks Plunge

Author:

Global Cryptocurrency

Published:

2025-10-17 14:48:01

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BTCCSquare news:

JPMorgan Chase CEO Jamie Dimon delivered a stark warning during Wednesday's earnings call, comparing latent economic risks to unseen cockroaches. "When you see one, there's probably more," he cautioned, signaling potential contagion from recent financial collapses.

The remarks followed September's dual bankruptcies of Tricolor Holdings and First Brands, which triggered a chain reaction now battering regional banks. Zions Bancorporation took a $50 million charge-off on delinquent business loans, while Western Alliance filed fraud allegations against a borrower tied to Cantor Group.

Market repercussions were immediate: Zions shares plummeted 13% and Western Alliance dropped 10% on Thursday. The turmoil highlights growing stress points in commercial lending markets, with Dimon's insect metaphor serving as an ominous indicator of systemic vulnerabilities.

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