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)
October 14, 2022
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October 14, 2022 2:05 p.m.
Bank CEOs increasingly turning pessimistic on economy
Following the short but potent pandemic recession in 2020, many bank CEOs have spent the past year and a half trumpeting the strength of the U.S. economy and the resilience of the U.S. consumer.