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Keyword: jamiedimon

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  • Jamie Dimon Diagnosed With Cancer

    07/01/2014 9:50:34 PM PDT · by nickcarraway · 17 replies
    CNN ^ | July 1, 2014 | Katie Lobosco
    JPMorgan Chase boss Jamie Dimon said Tuesday that he has been diagnosed with a curable throat cancer, but will remain working while undergoing treatment. The prognosis from doctors is "excellent" and it was caught quickly, he wrote in a memo to colleagues and shareholders. Dimon, 58, will receive radiation and chemotherapy treatment over the next eight weeks at Memorial Sloan Kettering Hospital in New York. Although he will curtail his traveling, the bank CEO expects to be actively working during that period. He made the announcement just before he was about to leave on a previously scheduled trip to five...
  • JPMorgan boosts CEO Dimon’s Pay to $20 Million

    01/24/2014 12:06:56 PM PST · by lbryce · 6 replies
    AP via Washington Post ^ | January 24, 2014 | Staff
    JPMorgan Chase almost doubled Chairman and CEO Jamie Dimon’s pay for 2013, rewarding the executive for settling probes against the bank. Dimon will receive total compensation of $20 million in 2013, consisting of $18.5 million in stock options and a base salary of $1.5 million, the bank said in a statement Friday.
  • Report: JPMorgan set to give Dimon pay hike despite legal woes

    01/24/2014 9:06:03 AM PST · by Olog-hai · 1 replies
    CNN Money ^ | January 24, 2014: 8:31 AM ET | Chris Isidore
    JPMorgan Chase boss Jamie Dimon is set to get a raise, even though the bank was forced to pay billions in fines and settlements last year. The New York Times reported that the board of JPMorgan Chase has approved the increase for 2013, although it did not give any details on the amount of the increase. […] Dimon, CEO and chairman, had his 2012 pay slashed by about half to $11.5 million after JPMorgan suffered estimated trading loss of nearly $6 billion during the year attributed to a London trader known as the London Whale. …
  • Dimon Disses Bitcoin, and Bitcoiners Diss Back

    01/24/2014 7:42:26 AM PST · by Errant · 21 replies
    The Wall Street Journal ^ | 24 January 2014 | Paul Vigna
    Jamie Dimon isn’t very impressed by bitcoin. Bitcoiners, in turn, don’t appear terribly impressed by Jamie Dimon. The virtual currency, which a year ago at this time was known only by a small band of enthusiastic libertarians, techies, and alleged drug traffickers, has gotten so much larger in the intervening time that it gets talked about at the big Capitalismpalooza called the World Economic Forum at Davos. That in itself is interesting. But J.P. Morgan'sJPM -1.35% Jamie Dimon and U.S. Treasury Secretary Jacob Lew were both asked their opinions and both talked it down, and both harped on its use...
  • JPMorgan CEO Dimon says government cases were 'unfair'

    01/23/2014 5:15:21 AM PST · by Red in Blue PA · 6 replies
    (Reuters) - JPMorgan Chase & Co (JPM) Chief Executive Officer Jamie Dimon said on Thursday that government legal cases, including those over mortgage securities the company settled for more than $13 billion, were "unfair". Dimon, speaking on CNBC in a pre-recorded interview from Davos, Switzerland, said most of the government claims against the company were for dealings that took place at companies before JPMorgan bought them in the financial crisis. "I think a lot of it was unfair, but I am not going to go into the details," Dimon said in the television interview.
  • Obama Secret Service Agent: “It’s Worse Than People Know… and I’m Not Trying to Scare You Either”

    11/06/2013 6:41:42 AM PST · by IbJensen · 63 replies
    DC Clothesline ^ | Mac Slavo
    (Pictured: Secret Service Agent Dan Bongino with President Obama) You may have your suspicions about what’s going on behind closed doors at the White House. But according to one of President Obama’s former body guards it’s much worse than we can even imagine. Dan Bongino has protected numerous Presidents over his career, including President Obama. He has been within ear-shot of many a discussion in the Oval Office, but up until this administration has stayed out of the lime light. Apparently, however, the activities of this administration are so abhorrent that he could no longer keep quiet. Bongino is so...
  • US government 'Robbed' JPMorgan, Payback for CEO's Criticism of Obama

    10/21/2013 9:57:43 AM PDT · by SeekAndFind · 17 replies
    NewsMax ^ | 10/21/2013
    Sunday's New York Post page one headline about JPMorgan's fine screamed "Uncle Scam" with the sub headline "U.S. Robs Bank of $13B." Wall Street went into a tizzy this weekend with the news that one of the nation's biggest banks agreed to fork over to the federal government $13 billion in fines related to its mortgage securities business. The Post quoted bank analyst Dick Bove of Rafferty Capital as saying the deal "is a basic and fundamental attack on capitalism." "It is possible that the government is taking away the property of the JPMorgan shareholders without the shareholders having committed...
  • JPMorgan’s Follies, for All to See

    03/17/2013 2:27:38 PM PDT · by neverdem · 19 replies
    NY Times ^ | March 16, 2013 | GRETCHEN MORGENSON
    BE afraid. That’s the takeaway for both investors and taxpayers in the 307-page Senate report detailing last year’s $6.2 billion trading fiasco at JPMorgan Chase. The financial system, thanks to dissembling traders and bumbling regulators, is at greater risk than you know. After bailing out the nation’s banking system in 2008, taxpayers and investors have been assured that such a crisis will not happen again. The Dodd-Frank legislation was supposed to make our system safe from the kinds of reckless banking activities... --SNIP-- But the true value in this Senate investigation is its spotlight on the ability of bank executives...
  • Consumer Comfort Declines, Fed Bank Stress Test Dings JPMorgan, Bank Size Debate Heats Up

    03/15/2013 8:51:16 AM PDT · by whitedog57
    Confounded Interest ^ | 03/15/2013 | Anthony B. Sanders
    While the US Senate takes on Too-Big-To-Fail banks, other economic news hit the wires. First, the University of Michigan Survey of Consumer Confidence Sentiment fell to 71.8 and has not been above 80 last seen in 2007. Industrial production rose 0.7% in February and capacity utilization rose to 79.6%. Not quite 80%, but getting really close. But notice that the peaks of capacity utilization are falling. But the big news today was the Senate hearing on JPMorganChase and its CEO Jamie Dimon. JPMorgan Report Ignites Debate on Bank Size By Dawn Kopecki, Clea Benson and Hugh Son JPMorgan Chase &...
  • Dimon’s Déjà Vu Debacle

    05/21/2012 6:53:00 PM PDT · by Beave Meister · 5 replies
    The New York Times ^ | 5/20/2012 | Paul Krugman
    Sometimes it’s hard to explain why we need strong financial regulation — especially in an era saturated with pro-business, pro-market propaganda. So we should always be grateful when someone makes the case for regulation more compelling and easier to understand. And this week, that means offering a special shout-out to two men: Jamie Dimon and Mitt Romney. I’ll come back shortly to the troubles at JPMorgan Chase, the bank Mr. Dimon runs. First, however, let me talk about Mr. Romney, whose remarks about those troubles were so off-point that they constitute a teachable moment. Here’s what the presumptive Republican presidential...
  • Lawrence Lindsey: Why Washington Hates Jamie Dimon

    05/18/2012 4:29:53 AM PDT · by WashingtonSource · 4 replies
    Wall Street Journal ^ | May 18, 2012 | Lawrence Lindsey
    . . . . So why is Congress holding hearings? The answer is the bank's CEO: Jamie Dimon. He is a lifelong Democrat and big contributor to Democratic candidates. This is not a way to get Republicans to like you. Since 2008 Mr. Dimon has also become increasingly critical and vocal about Mr. Obama's mishandling of the economy, and financial regulation in particular. Not a way to get Democrats to like you. . . .
  • From Prison, Madoff Says Banks ‘Had to Know’ of Fraud

    02/16/2011 6:24:51 AM PST · by safetysign · 40 replies
    New York Times ^ | 02/16/2011 | DIANA B. HENRIQUES
    Bernard L. Madoff said he never thought the collapse of his Ponzi scheme would cause the sort of destruction that has befallen his family. In his first interview for publication since his arrest in December 2008, Mr. Madoff — looking noticeably thinner and rumpled in khaki prison garb — maintained that family members knew nothing about his crimes. But during a private two-hour interview in a visitor room here on Tuesday, and in earlier e-mail exchanges, he asserted that unidentified banks and hedge funds were somehow “complicit” in his elaborate fraud, an about-face from earlier claims that he was the...
  • Obama stiffs Dimon, Blankfein on signing

    07/21/2010 6:52:53 PM PDT · by CutePuppy · 23 replies
    NY Post ^ | July 21, 2010 | Mark DeCambre
    Wall Street's most vocal critics of the new financial regulations aren't invited to the party. Neither Goldman Sachs CEO Lloyd Blankfein nor JPMorgan Chase chief Jamie Dimon were asked to attend President Obama's signing ceremony set for today in Washington. FinReg, as the financial sector overhaul is known, is likely to alter the state and style of business of Wall Street and, potentially, sap billions of dollars of revenues from some of the most powerful financial institutions in the country. The high-profile ceremony is expected to be attended by a few hundred guests including Harvard professor Elizabeth Warren, viewed by...
  • JPMorgan exec expected to resign, AP source says

    05/13/2012 11:04:48 PM PDT · by smokingfrog · 12 replies
    Oregon Live ^ | 13 May 2012 | AP Story
    NEW YORK (AP) — JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billion in a trading blunder, a person familiar with the matter said Sunday. The bank will accept the resignation of Ina Drew, its chief investment officer, the person told The Associated Press, speaking on condition of anonymity because the person was not authorized to discuss the decision publicly. Drew, 55, one of the highest-paid officials at JPMorgan Chase, had offered to resign several times since CEO Jamie Dimon disclosed the trading loss on Thursday,...
  • Jamie Dimon: I am (now only) 'barely' a Democrat.. (slams 'anti-Business')

    05/13/2012 6:25:03 AM PDT · by Milagros · 46 replies
    On NBC's Meet The Press,' just now (May 13, 2012: Jamie Dimon said it's not fair to blame 'all banks,' you know of a particular bank that does something wrong go after that specifically. I accept all criticism. I am now "barely a democrat." Asked: 'What do you mean "barely a Democrat," Are you not a Democrat anymore? I mean I am still a Democrat... but BARELY... The current admin. - (environment) very 'anti-Business.' I don't blame the president but the Democrats were much more destructive than the Republicans.
  • Romney: 'I'm independent of Wall Street' ('cept for those other guys)

    01/08/2012 9:07:11 PM PST · by STARWISE · 12 replies
    CNN ^ | 1-6-12 | Gregory Wallace
    Mitt Romney sought on Friday to dispel any notion he is undesirably close to Wall Street, but said his business experience prepares him better than his rivals to be president. "I'm independent of Wall Street," the former Massachusetts governor told Bloomberg Television's Peter Cook in an interview. "By the way, I haven't ever worked on Wall Street. They were service providers to the business I was in, I was not in a Wall Street firm, although I was in financial services broadly."
  • Occupy Wall Street protesters plan 'Millionaires March' to Rupert Murdoch's, tycoons' NYC homes

    10/10/2011 5:30:09 PM PDT · by jimbo123 · 55 replies
    NY Daily News ^ | 10/10/11 | HELEN KENNEDY
    The Occupy Wall Street protesters are planning to get in the face of some of New York's richest tycoons on Tuesday. A "Millionaires March" will visit the homes - or, more realistically, the gleaming marble lobbies - of five of the city's wealthiest residents. On the target list: NewsCorp CEO Rupert Murdoch, JP Morgan Chase CEO Jamie Dimon, conservative billionaire David Koch, financier Howard Milstein and hedge fund mogul John Paulson.
  • JP Morgan Chase CEO Jamie Dimon: THIS WILL PASS AND AMERICA'S ECONOMY WILL BLOW YOUR SOCKS OFF

    08/10/2011 10:40:30 AM PDT · by SeekAndFind · 24 replies
    Business Insider ^ | 08/10/2011 | Courtney Comstock
    JP Morgan Chase CEO, Jamie Dimon just gave a very optimistic speech on CNBC. He refuted rumors that the S&P downgrade will make it harder for banks like JPMorgan to make money on CNBC right now. "The S&P downgrade is just an opinion," he says. The market leaders he knows don't use the S&P to make their decisions, he says. He also added, "The U.S. needs to show fiscal discipline." But he says, "I'm hopeful that we'll" start to do that soon. Then he brought out the good ol' American spirit. "I think we need America to do what America...
  • Jamie Dimon: Here's What Will Happen If The Debt Ceiling Isn't Raised And The U.S. Defaults

    04/14/2011 1:44:51 PM PDT · by SeekAndFind · 34 replies
    Business Insider ^ | 04/14/2011 | Courtney Comstock
    A PBS anchor put together a great series of clips from various financial experts talking about what would happen if the debt ceiling isn't raised and the U.S. defaults. PBS has a transcript of the show, which has a number of great quotes from Ben Bernanke, Jamie Dimon, Nouriel Roubini, on the topic of a debt default. Specifically, they all talk about the effects of a default on bond prices, but the potential effects so bad that it really shows the effects on the financial markets across entire world. One quote from Jamie Dimon, CEO of JP Morgan Chase, is...
  • US Debit Fee Caps May Hurt Poorest Customers: Dimon

    01/17/2011 5:37:18 PM PST · by CutePuppy · 25 replies
    Reuters via CNBC ^ | January 14, 2011 | Maria Aspan
    Federal limits on debit card processing fees will force banks to charge customers more for services, making accounts too expensive for as many as 5 percent of customers, JPMorgan Chase & Co's chief executive said on Friday. The rules, proposed as part of the Dodd-Frank financial reform law, would cap the fees that merchants pay banks for processing debit card transactions at 12 cents each. That is almost 75 percent less than the average 44 cents per transaction that banks get now. U.S. banks could lose about $13 billion of their annual industry debit processing revenues because of the rules,...
  • On financial regulation, it's Warren vs. Dimon

    03/27/2011 7:44:18 PM PDT · by mlocher · 3 replies
    Reuters via Fidelity.com ^ | March 27, 2011 | Kevin Drawbaugh
    WASHINGTON (Reuters) - Elizabeth Warren, the Obama administration's defender of financial consumers, will venture into the corporate lion's den this week, along with Jamie Dimon, CEO of banking giant JPMorgan Chase & Co. The two will be speakers at an event set for Wednesday at the U.S. Chamber of Commerce, the country's largest business lobbying group, in its Corinthian-columned headquarters situated within view of the White House. Warren, 61, is an earnest Harvard Law School professor brought up in Oklahoma, while Dimon, 55, is a consummate New York City insider and one of Wall Street's richest CEOs. He was once...
  • Former SEIU Official Reveals Secret Plan To Destroy JP Morgan, Crash

    03/22/2011 9:21:01 AM PDT · by driftdiver · 42 replies
    Business Insider ^ | March 22, 2011 | Henry Blodget
    FULL Title - Former SEIU Official Reveals Secret Plan To Destroy JP Morgan, Crash The Stock Market, And Redistribute Wealth In America A former official of one of the country's most-powerful unions, SEIU, is detailing a secret plan to "destabilize" the country. Specifically, the plan seeks to destroy JP Morgan, nuke the stock market, and weaken Wall Street's grip on power, thus creating the conditions necessary for a redistribution of wealth and a change in government. The former SEIU official, Stephen Lerner, spoke in a closed session at a Pace University forum last weekend.
  • The Wicked Witch Explains Her Motives (JP Morgue's manip of Gold/silver for the Fed)

    01/23/2011 11:24:22 AM PST · by Frantzie · 15 replies · 1+ views
    TF Metals (T. Ferguson) ^ | 1-23-2011 | T Ferguson
    If you are trying to figure out why the Fed keeps interest rates so low and what is going on in precious metals. Watch this video. Warning there is some salty languange and innuendo. The woman in the video is Blythe Masters of JP Morgan. Head of commodities trading.
  • Poor Hopeless Janitors Beg Jamie Dimon For Their Jobs Back, He Ignores Them Because He Is Royalty

    09/07/2010 6:31:44 AM PDT · by blam · 10 replies
    The Business Insider ^ | 9-7-2010 | Courtney Comstock
    Poor Hopeless Janitors Beg Jamie Dimon For Their Jobs Back, He Ignores Them Because He Is Royalty Courtney Comstock Sep. 7, 2010, 9:11 AM Dimon in his palace. Last week, poor, hopeless, laid-off janitors from one of JPMorgan's loosely-managed buildings in California came to New York with a pipe dream, to beg Jamie Dimon for their jobs back. Not surprisingly, because JPMorgan had very little to do with the layoffs directly, Dimon couldn't help and they are still laid off. (The same thing happened in JPM's headquarters in New York.) But the New York Times has a different take. The...
  • Jamie Dimon: Risk Of A Double-Dip Recession Is Why We're Not Hiking The Dividend

    01/17/2010 1:59:25 PM PST · by blam · 2 replies · 333+ views
    The Business Insider ^ | 1-17-2010 | Joe Weisenthal
    Jamie Dimon: Risk Of A Double-Dip Recession Is Why We're Not Hiking The Dividend Joe Weisenthal Jan. 17, 2010, 10:30 AM JPMorgan (JPM) seemed to have reported strong earnings on Friday, but the stock sagged, bringing the market down with it. Michael Corkery at Deal Journal flagged an important, nerve-wracking moment from the company's conference call: Dimon: “Look, you guys are just as good at forecasting the economy as anybody else. And we’ve seen delinquencies getting a little bit better, we saw credit card spend be up a little bit…..We think loans in middle market are actually starting to level...
  • Blavatnik: "JPM Lost My Money"

    12/21/2009 3:29:55 PM PST · by FromLori · 15 replies · 673+ views
    The Business Insider ^ | 12/21/09 | Courtney Comstock
    One of Len Blavatnik's companies lost $98 million in a $1 billion portfolio invested with JPM. It's not our fault! They say. So they're suing JPM. CMMF claims that when JPMorgan was retained in May 2006, it was given broad discretion in how it invested the funds but its goal was to “provide a high level of current income consistent with low volatility,” explains Francesco Guerrera at the Financial Times. The two sides disagree on how JPM allocated the funds. Blavatnik says JPM wrongly invested 46% of his company's money in asset backed securities. "Wrongly" because, his side argues, their...
  • The Rest of the Jamie Dimon Regulation Story

    12/11/2009 12:07:28 PM PST · by FromLori · 1 replies · 290+ views
    Economic Policy Journal ^ | 12/11/09 | Robert Wenzel
    MSM has been running a story over the last few days that Obama's Favorite Banker, JPMorgan CEO Jamie Dimon, had said that we should “get rid of the concept of ‘too big to fail,’” and that he suggested that a new resolution authority — giving government more power to shut down or take over big banks — would make this possible. I basically ignored the story figuring there had to be more to it, since Jamie Dimon isn't going to be regulated by some new superpower resolution authority. Well, in a report about a Jamie Dimon speech at the Goldman...
  • More On the Gifting of WaMu to "Obama's Favorite Banker"

    12/07/2009 2:33:44 PM PST · by FromLori · 5 replies · 521+ views
    Economic Policy Journal ^ | 12/7/09 | Robert Wenzel
    Botton line:It was about "Obama's Favorite Banker," Jamie Dimon, wanting more of a West Coast banking presence, but Portfolio.com in an investigative piece has some of the details of how the government simply ripped WaMu from its shareholders and gave it to Jamie. Here are some excerpts about the gift to Jamie and what it means for banking overall: WaMu’s regulators said they based their decision to close the bank and sell it to JPMorgan Chase on lack of liquidity—its access to ready cash—and the mounting pile of failed mortgage loans that were expected to cripple the bank’s earnings for...
  • Will JP Morgan's CEO Be The Next Treasury Secretary? (Jamie Dimon to replace Tim Geithner?)

    11/25/2009 5:55:44 PM PST · by SeekAndFind · 8 replies · 471+ views
    The Atlantic ^ | 11/25/2009 | Daniel Indiviglio
    Wow, this is a really amusing report from the New York Post. Apparently, some people are pushing for JP Morgan CEO Jamie Dimon to replace Timothy Geithner as Treasury Secretary. And he might want the job. This is unlikely on so many levels that I hardly know where to begin. First, here's what the Post says: As support for Treasury Secretary Timothy Geithner wanes on Capitol Hill amid frustration with the Obama administration's handling of the economy, JPMorgan Chase CEO Jamie Dimon is emerging as a potential replacement. Sources tell The Post that a number of policy makers have begun...
  • JPM's Dimon Was Paulson's Go-To Guy On Street: Book

    08/02/2009 11:29:36 PM PDT · by CutePuppy · 4 replies · 370+ views
    NY Post ^ | August 02, 2009 | Mark DeCambre
    Days after Lehman Brothers' stunning collapse last Sept. 15, then-Treasury Secretary Hank Paulson placed an urgent call to JPMorgan Chase CEO Jamie Dimon and asked the banking veteran to buy rival Morgan Stanley to save it from suffering a similar fate, according to an upcoming book. Dimon, who had come to be seen as the banker of last resort after acquiring Bear Stearns in a government-sponsored takeover the previous March, had misgivings on such a move, though, and passed on the opportunity. The reason, according to the book, was that it would be too difficult to integrate the two similarly...
  • CNBC Fires Back at Bear Stearns Rumor Charges

    07/09/2008 7:53:37 AM PDT · by Rufus2007 · 5 replies · 128+ views
    Newsbusters.org ^ | July 9, 2008 | Jeff Poor
    Although the collapse of Bear Stearns happened back in March, the debate still rages as to what led to the failure of the 85-year old investment bank that had survived years of previous turmoil, including the Great Depression. After JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon appeared on PBS's "The Charlie Rose Show" July 7 and commented on an August 2008 Vanity Fair article alleging that CNBC reporting could have been part of Bear Stearns' downfall, the cable channel's on-air editor Charlie Gasparino criticized what was claimed in the article and Dimon's reaction on CNBC's July 8 "Power Lunch." "Well, you...
  • Jamie Dimon Goes Insane: "People Who Pass On Rumors Should Go To Jail"*

    07/08/2008 2:24:40 PM PDT · by AreaMan · 15 replies · 722+ views
    The Business Sheet ^ | 08 Jul 2008 | Hilary Lewis
    Jamie Dimon Goes Insane: "People Who Pass On Rumors Should Go To Jail"* Hilary Lewis | Jul 8, 2008 3:09 AM JP Morgan CEO Jamie Dimon is usually a font of wisdom, but if he actually means what he's quoted as saying on Charlie Rose, he has gone temporarily insane: Reuters: JP Morgan Chase & Co Chief Executive Jamie Dimon said U.S. regulators should investigate whether people betting on Bear Stearns' stock falling deliberately brought down the investment bank. "Where there is smoke, there's fire," Dimon said in an interview with Charlie Rose on PBS, televised on Monday. "I think...
  • JP Morgan CEO: Bear Stearns Rumor-Mongers 'Should Go to Jail'

    07/08/2008 11:45:27 AM PDT · by Rufus2007 · 7 replies · 215+ views
    businessandmedia.org ^ | July 8, 2008 | Jeff Poor
    “Where there’s smoke, there’s fire,” is the way JP Morgan Chase CEO Jamie Dimon described the impact of rumors on the downfall of investment bank Bear Stearns. Dimon appeared in a taped interview from Aspen, Colo. on the July 7 broadcast of PBS’s “The Charlie Rose Show.” He discussed the possibility of impropriety involving the collapse of Bear Stearns (NYSE:BSC), which led to the eventual JP Morgan’s (NYSE:JPM) discounted buyout of the beleaguered investment bank. “I would say, ‘Where’s smoke, there’s fire,’” Dimon said. “I’ve heard it. I don’t have evidence of it. I think the Securities and Exchanges Commission...