Bear Stearns (fka BSC)

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JP Morgan CEO Says Credit Crisis Largely Resolved - ReportLast update: 6/12/2008 2:33:39 PMPARIS (Dow Jones)--The global credit crisis has largely run its course, JPMorgan Chase & Co.'s (JPM) CEO Jamie Dimon said, according to an interview with French financial newspaper La Tribune published on the paper's Web site late Thursday. "The credit and financial markets crisis is for the most part resolved," La Tribune quoted Dimon as saying. "The financial turmoil is very significantly behind us." "Investment banks should largely see the end of the crisis around the end of the year," he said, according to the report. "But the economic recession in the United States is another problem for American commercial banks," he added, according to the newspaper. "They will be confronted with a rise in their provisions and with new losses, which will oblige them to increase their capital." While the bank doesn't foresee increasing its own capital, Dimon said it doesn't completely exclude doing so. "One never knows," La Tribune quoted him as saying. JP Morgan also is open to acquisitions, Dimon told La Tribune. "We must be creative and aggressive if opportunities present themselves," he said in the interview, adding: "We remain open to acquisitions and we have