Dimon Says JPMorgan Is Pushing to Bank More Startups, VCs

Move comes after failure of two technology-focused banks
CEO says market for initial public offerings ‘open for now’

“We have unbelievable products and services to bring to them,” JPMorgan Chase Chair and CEO Jamie Dimon says about the bank’s plans to build out its business servicing startups and venture capital firms. He speaks with Emily Chang on “Bloomberg Markets.”Source: Bloomberg

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By Hannah Levitt and Emily Chang

October 2, 2023 at 2:26 PM UTC

Updated on

October 2, 2023 at 3:16 PM UTC

This article is for subscribers only.

Jamie Dimon said JPMorgan Chase & Co. is taking steps to build out its business serving startups and venture capital firms after two prominent San Francisco Bay Area banks failed earlier this year.

“We have unbelievable products and services to bring to them,” the chief executive officer of the biggest US bank said in an interview Monday with Bloomberg Television. “But we have to deliver it to them in a way they actually like it and they want it.”