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Keyword: consumerloan

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  • JPMorgan chief says worst of the crisis still to come: FT (coming consumer default)

    01/15/2009 11:37:51 PM PST · by TigerLikesRooster · 12 replies · 1,149+ views
    AFP ^ | 01/14/09
    JPMorgan chief says worst of the crisis still to come: FT Wed Jan 14, 10:13 pm ET LONDON (AFP) – The chief executive of US bank JPMorgan Chase, Jamie Dimon, told the Financial Times on Thursday that the worst of the economic crisis still lay ahead as hard-hit consumers default on their loans. "The worst of the economic situation is not yet behind us. It looks as if it will continue to deteriorate for most of 2009," he told the business daily. "In terms of our sector, we expect consumer loans and credit cards to continue to get worse."