May 16, 2018
In an exclusive interview with CNBC, Daniel Pinto, CEO of the Corporate & Investment Bank and Co-President and COO of JPMorgan Chase & Co., shared his views on the growth in China, the state of the economy and future partnerships with tech firms like Amazon.
With the growth of opportunities and continued change in China, Pinto expressed his optimism as the country heads towards deregulation and begins to allow foreign companies to have majority stake in the financial services industry.
On the U.S. economy, Pinto stated, “The technical aspects of the markets are more balanced than they were late last year, where it was pretty much one view, and that view was that the markets will improve no matter what. So you have a bunch of components, from the technical part, to the economy performing and companies performing, which altogether makes me quite positive on the economy.”
As major tech firms begin to explore consumer banking, Pinto recognizes these advancements and will continue exploring potential partnerships with technology firms. “There's only one thing you can do. It's to create services that are as good as possible, and the best client experience, to have a shot. Ultimately, consumers will decide.”
Read the full article on CNBC.