CEO Jamie Dimon ended the event by answering questions about succession and his management style.The largest US bank by assets continues to spend big even as interest rates put pressure on deposits, investment banking fees, and other businesses.
Dimon, 67, also answered questions about his management style. He admitted he can be"intense," saying"I'm not going to change, I'm not going to play golf." He added:"I think when I don't have that intensity, I should leave." The regional banking crisis has benefited JPMorgan in other ways: On Monday, the bank's executives said it sees First Republic boosting its effort to attract affluent customers, including through its wealth management arm. Plus, it could also lead to more cookies in JPMorgan branches, the bank said on Monday.
"We have partnered with suppliers and proactively mitigated more than double the supplier vulnerabilities than the year before," she said. "We continue to grow our cybersecurity awareness program for our employees and our clients, sharing best practices and leading preparedness exercises.
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