Dimon Says SWIFT Sanctions May Bring ‘Unintended Consequences’
- Bad actors are able to find ‘workarounds,’ JPMorgan says
- CEO discusses Fed rate hikes, this year’s M&A market outlook
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said disconnecting Russian banks from the SWIFT messaging system may bring “unintended consequences” that include third parties finding ways around the penalty.
“What countries do you hurt? What people are going to do workarounds?” Dimon said Monday in an interview with Bloomberg Television.