Dimon Sees Less Need for $20 Billion Loan to Argentina: Reuters

Jamie Dimon said $20 billion in potential private-sector financing for Argentina “may not be necessary,” according to a Reuters interview with the JPMorgan Chase & Co. chief executive officer.

Dimon, speaking from Detroit on Wednesday, said JPMorgan remained ready to help Argentine President Javier Milei if necessary. “We have done special financing to Argentina in the past; if they need that, we’re all ears,” Dimon told Reuters.

Wall Street banks were coordinating with US Treasury Secretary Scott Bessent on another pillar of a Trump administration rescue package meant to help its libertarian ally win Argentina’s congressional midterm election last month. ...