June 3, 2016

Dimon Said Auto-Loan Market Stressed, Sees Pain for Banks

By: dailycar

“Someone will get hurt in auto lending,” but not JPMorgan, Dimon, 60, said Thursday during an investor presentation in New York. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the market for U.S. automobile lending is “a little stressed” and that he foresees higher losses ahead for some competitors. Americans surged into dealers’ […]