Banks Panicking Over Markets - but politely
- Core Insights Advisory Services
- Apr 11
- 1 min read
Source: Hal Turner
Date: April 11, 2025
Big banks are freaking out, just really politely. Trump’s new tariffs are shaking up the global economy, and Wall Street’s top dogs like JPMorgan and Wells Fargo are trying not to panic… while totally panicking.
JPMorgan’s CEO, Jamie Dimon, warned of “turbulence” (fancy rich guy code for “uh oh”) and stashed away $500 million just in case things go south.
Wells Fargo is also side-eying the market, calling it “uncertain,” which is corporate speak for “brace yourselves.”