Star CEO Jamie Dimon, JPMorgan’s Chase chief, spoke with CNBC’s Maria Bartiromo over the weekend. Noting the bank has $2 trillion in assets under management and a “war room” set up to deal with the possible fiscal cliff, Bartiromo began by asking about the impact four more years of an Obama administration will have on JPMorgan Chase, as well as businesses in general.
“The foundation of business is actually pretty strong,” Dimon responded. “Businesses are in great shape with lots of cash. Housing looks like it’s turning. Consumers are still spending, so business itself looks pretty good.”
Noting he had a “fine” relationship with CFPB alum Elizabeth Warren, the newly-elected junior senator from Massachusetts and frequent critic of the banking industry, he announced that he called to congratulate her on winning her election.