Saturday, May 3, 2008

JPMorgan says no near end to financial crisis: report

Such news get published in International papers.

From Reuters:
FRANKFURT (Reuters) - JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) does not expect the U.S. financial crisis to end soon and will remain very cautious, its top executive said in comments published by a German weekly on Saturday.

"We can only speculate how deep and how long the recession in the United States will really be and how that in turn will impact banks," James Dimon told "Welt am Sonntag".

"But we are not done with the crisis for a long time," Dimon said, adding that it was not the company's job to make bets on the future.

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