Jamie Dimon takes swipe at Elizabeth Warren

JPMorgan CEO Jamie Dimon took aim at U.S. Senator Elizabeth Warren, a critic of large banks, as he expressed broad concerns about leadership in Washington.

'I don’t know if she fully understands the global banking system', Dimon, speaking Wednesday at an event in Chicago, said of the Massachusetts Democrat. Still, he said he agrees with some of her concerns about risks.

Bloomberg News reports that Warren, a Senate Banking Committee member, has won popular support and gained influence in her party by openly challenging the size of large lenders and their political power.

She has said it was a mistake for the U.S. government to refrain from breaking up big banks, such as Citigroup, after the 2008 financial crisis. Last month, as firms including JPMorgan pleaded guilty to resolve probes into market-rigging, she criticized regulators for granting waivers that let the companies continue operating certain businesses.

To access the complete Bloomberg News article hit the link below:

Jamie Dimon Says He's Unsure If Elizabeth Warren Understands Global Banking System

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