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When JPMorgan Chase & Co. CEO Jamie Dimon announced $170 million in charge-offs last October due to the bankruptcy of a borrower engaged in subprime auto lending, he hinted at more to come. “I probably shouldn’t say this, but when you see one cockroach, there are probably more,” he said. Months later — as this story went to press — Dimon said some of the bank’s competitors were doing “dumb things” and compared the environment to the go-go-go years leading up to the 2007-09 financial crisis. “I don’t know how long it’s going to be great for everybody,” he said,…
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WRITTEN BY
Emily McCormick
Vice President of Editorial & Research
Emily McCormick is Vice President of Editorial & Research for Bank Director. Emily oversees research projects, from in-depth reports to Bank Director’s annual surveys on M&A, risk, compensation, governance and technology. She also manages content for the Bank Services Program, including Bank Director’s Online Training Series. In addition to speaking and moderating discussions at Bank Director’s in-person and virtual events, Emily writes and edits for Bank Director magazine, BankDirector.com and Bank Director’s weekly newsletter, The Slant. She started her career in the circulation department at the Knoxville News-Sentinel and graduated summa cum laude from The University of Tennessee with a bachelor’s degree in Spanish and International Business.