Wall Street Journalさんのインスタグラム写真 - (Wall Street JournalInstagram)「It was in the dark morning hours on March 5 when JPMorgan Chase chief executive Jamie Dimon felt a rip in his chest. ⠀ ⠀ U.S. coronavirus cases numbered only around a hundred at the time, but markets were flashing warning signs. Dimon had just dialed up his top lieutenants to deliver a message that couldn’t wait: The economy is in trouble. He hung up the phone and lay down on the couch to read the morning papers, when he felt the tear and called his doctor ⠀ ⠀ Hours later, Dimon was clinging to life, surgeons perched above his chest repairing a gash in the artery that delivers blood from the heart to the rest of the body. His near-death experience came as the U.S. economy was hurtling toward its own crisis. The twin emergencies would test JPMorgan’s foundations even more severely than the 2008 financial crisis. ⠀ ⠀ The bank serves half of all U.S. households and 400 of the Fortune 500. For more than a decade, a booming economy lifted JPMorgan’s fortunes. The bank, in turn, supported the economy’s growth, lending to millions of businesses and consumers. By March, the coronavirus was threatening to punch a hole in that system.⠀ ⠀ For Dimon, it was the ultimate test of a career-spanning obsession with what he calls the fortress balance sheet—a capital position so strong that the bank could withstand any crisis. Had he built a fortress that could withstand this onslaught? And would the fortress hold, even without him?⠀ ⠀ Read more from Dimon’s first interview about his health emergency at the link in our bio.⠀ ⠀ 📷: @seanpressley_ for @wsjphotos  Correction: A previous version of this post misspelled Jamie Dimon's last name on first reference.」1月1日 0時13分 - wsj

Wall Street Journalのインスタグラム(wsj) - 1月1日 00時13分


It was in the dark morning hours on March 5 when JPMorgan Chase chief executive Jamie Dimon felt a rip in his chest. ⠀

U.S. coronavirus cases numbered only around a hundred at the time, but markets were flashing warning signs. Dimon had just dialed up his top lieutenants to deliver a message that couldn’t wait: The economy is in trouble. He hung up the phone and lay down on the couch to read the morning papers, when he felt the tear and called his doctor ⠀

Hours later, Dimon was clinging to life, surgeons perched above his chest repairing a gash in the artery that delivers blood from the heart to the rest of the body. His near-death experience came as the U.S. economy was hurtling toward its own crisis. The twin emergencies would test JPMorgan’s foundations even more severely than the 2008 financial crisis. ⠀

The bank serves half of all U.S. households and 400 of the Fortune 500. For more than a decade, a booming economy lifted JPMorgan’s fortunes. The bank, in turn, supported the economy’s growth, lending to millions of businesses and consumers. By March, the coronavirus was threatening to punch a hole in that system.⠀

For Dimon, it was the ultimate test of a career-spanning obsession with what he calls the fortress balance sheet—a capital position so strong that the bank could withstand any crisis. Had he built a fortress that could withstand this onslaught? And would the fortress hold, even without him?⠀

Read more from Dimon’s first interview about his health emergency at the link in our bio.⠀

📷: @seanpressley_ for @wsjphotos

Correction: A previous version of this post misspelled Jamie Dimon's last name on first reference.


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