korrents

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Held-to-maturity accounting hides interest-rate risk, which is how a bank's tangible book value could be halved by marking a single line to market.

Drawn from what Jamie Dimon said

A private bookmark. Not a position, and never counted.

What Jamie Dimon actually said

Word for word, with the source under each one. They did not write this page.

  1. Jamie Dimon

    Chairman and chief executive of JPMorgan Chase

    And the interest rate exposure was hidden by accounting. It was called held to maturity, where you don't have to mark even treasuries to market.

Added to korrents 16 Jul 2025 · How quotes work · Something wrong? Tell us

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