JPMorgan Chase CEO Jamie Dimon has said the bank is convening weekly meetings to discuss the implications of a potential US default, which he called 'potentially catastrophic'.That bank's so-called 'war room' will start daily meetings on May 21, then ramp up to three times a day if the standoff over the debt limit drags on, Dimon told Bloomberg TV in an interview on Thursday.'We've got to be very careful about getting close' to a default, which could cause a financial panic if the debt ceiling is not raised by the end of the month, he added.
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