(April 7): The US bank crisis that rattled global markets last month is probably nearing the end, even if more unforeseen failures occur, JPMorgan Chase & Co chief executive officer Jamie Dimon said. “But if there are, I know honestly they’ll be resolved and it will probably be the last of them,” Dimon said. In a CNN report earlier Thursday, he said the recent turmoil in the financial industry had probably made a US recession more likely, though a downturn won’t necessarily happen. “We are seeing people reduce lending a little bit, cut back a little bit and pull back a little bit,” the broadcaster quoted him as saying. The government shouldn’t overreact to the banking crisis by imposing more rules on the industry, Dimon said.
