NEW YORK (Reuters) – JPMorgan Chase & CO CEO Jamie Dimon said on Thursday bank staff are meeting weekly to discuss the potential implications for clients, contracts and markets of a potential U.S. default.
While he does not expect that potentially “catastrophic” outcome, it will likely convene daily “war room” to discuss a potential default as the U.S. government get closer to running out of cash to pay its obligations, he said.
(Reporting by Tatiana Bautzer, editing by Lananh Nguyen and Toby Chopra)
