JP Morgan bags record profit – but Dimon warns of risks shifting ‘below the surface’

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JP Morgan bags record profit – but Dimon warns of risks shifting ‘below the surface’

JP Morgan secured the highest quarterly profit in US banking history in its second quarter but chief executive Jamie Dimon tempered the celebration with a warning that risks in the global economy were “shifting below the surface like tectonic plates”. The Wall Street giant recorded a 41 per cent jump in net income to $21.2bn [...]