Bank CEOs increasingly turning pessimistic on economy
A Chase bank branch is shown, Sunday, April 10, 2022, in Miami Beach, Fla. JPMorgan Chase & Co.'s third quarter profits fell by 17% from a year earlier, Friday, Oct. 14, , as the bank set aside roughly a billion dollars to cover potential losses in what CEO Jamie Dimon has said a could be a recession in six to nine months. (AP Photo/Wilfredo Lee)
NEW YORK (AP) — The outlook for the U.S. economy from Wall Street's biggest banks is getting gloomier, with many top executives saying they're preparing for a potential downturn or a recession...
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