Dimon added that competition has contributed to the “diminishing role of banks and public companies in the United States and the global financial system,” according to the article. To that end, the high-profile CEO said he expects a wave of mergers in coming months to help banks create new economies of scale.
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Dimon: Expect Wave of M&A as Banks Compete with Fintechs
In his annual shareholder letter, JPMorgan Chase CEO Jamie Dimon told investors he sees competition between traditional banks, big tech and the financial technology space “intensifying." So reports PYMNTS.
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