JPMorgan CEO Jamie Dimon said during an earnings call that he believes more banks could fail in the United States, but that he thinks the worst of the banking turmoil may be over and that things have calmed down “quite a bit.”
Dimon said on the call that there’s a relatively low number of U.S. banks with significant exposure to the risk of rising interest rates, with too many assets valued at current market prices, or that have excessive amounts of uninsured deposits.
Uninsured deposits are those above the Federal Deposit Insurance Corporation’s (FDIC) coverage limit of $250,000 per depositor….