In July last year, a furious Jamie Dimon unleashed a broadside at the establishment in Washington. It was “almost an embarrassment to be an American” because of the “stupidity” of politicians, the chief executive of JP Morgan said on a conference call with analysts.
What a difference a tax cut makes. The Republican tax reforms, passed late last month, were “a significant positive outcome for the country”, Mr Dimon said on Friday last week. The cuts would “benefit all Americans”, he claimed.
His peers have echoed the positive sentiment. Lloyd Blankfein, the boss of Goldman Sachs, the country’s largest investment bank, said yesterday that the new tax law would create tailwinds. Michael Corbat, the boss of Citigroup, America’s fourth largest bank, said on Tuesday that