Jamie Dimon, the chief executive of JPMorgan Chase, warned Friday that “treacherous” geopolitical conditions might worsen the global economy.
Tensions in the Middle East have been on the rise in recent weeks, with Israel battling the Lebanese Hezbollah terrorist group as it continues its war with the Hamas terrorist group in Gaza.
“There is significant human suffering, and the outcome of these situations could have far-reaching effects on both short-term economic outcomes and more importantly on the course of history,” Dimon said in the bank’s third-quarter results release.
He said his bank has been “closely monitoring the geopolitical situation for some time, and recent events show that conditions are treacherous and getting worse.”…