JPMorgan's Dimon Says Bank Must Prepare for Hard Brexit

The transcript discusses the potential impacts of Brexit on the UK and EU, highlighting concerns about outsourcing and the need for EU subsidiaries. It covers JP Morgan's significant technology investments, including fintech solutions. The US economic challenges are addressed, focusing on labor, education, and infrastructure. The transcript also touches on globalization, emphasizing the importance of Mexico's prosperity and addressing trade issues with China.

What is a key concern for JP Morgan regarding Brexit?

• Pressure from the EU to not outsource services to the UK

• The need to increase investments in the UK

• The potential for increased trade with the UK

• The impact of Brexit on US-UK relations

How much did JP Morgan spend on new initiatives last year?

• $600 million

• $1 billion

• $3 billion

• $9.5 billion

Which of the following is NOT listed as a challenge within the US?

• Labor force participation rate

• Education

• Healthcare

• Infrastructure spending

What is JP Morgan's stance on globalization?

• Globalization will reverse course

• Globalization is beneficial and will continue

• Globalization should be limited

• Globalization is irrelevant to economic growth

What is the relationship between the US and Mexico according to the letter?

• The US should impose tariffs on Mexican goods

• Mexico's prosperity is in America's best interest

• Mexico is a competitor to the US economy

• The US should reduce trade with Mexico