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Keyword: jamiedimon

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  • CEO of JPMorgan: ‘It’s almost embarrassing being an American citizen’

    07/14/2017 12:03:06 PM PDT · by Responsibility2nd · 24 replies
    Washington Post ^ | 07/14/2017 | By Renae Merle
    NEW YORK — Since President Trump’s election, Jamie Dimon has emerged as one of Wall Street’s most prominent voices in Washington. The chief executive of JPMorgan Chase serves on the White House business advisory council and is chairman of the powerful Business Roundtable. But in a series of calls on Friday to discuss the big bank’s quarterly profits, Dimon vented his frustration with gridlock in Washington. “It’s almost embarrassing being an American citizen … and listening to the stupid s— we have to deal with in this country,” Dimon said in one conference call. The inability to make headway on...
  • J.P. Morgan’s Dimon launches into expletive-tinged rant, almost an embarrassment to be American’

    07/14/2017 10:42:03 AM PDT · by God luvs America · 8 replies
    Market Watch ^ | 07/14-2017 | Mark Decambre
    Full Title: "J.P. Morgan’s Dimon launches into expletive-tinged rant, saying ‘almost an embarrassment to be American’" Tell us what you really think, Jamie Dimon. J.P. Morgan Chase & Co.’s outspoken CEO on Friday broke into an impassioned, expletive-tinged rant on the state of Washington politics and its impact on the U.S. economy during one call to discuss second-quarter results.
  • Jamie Dimon Warns "Something Is Wrong" With The US

    04/04/2017 4:50:03 PM PDT · by vannrox · 27 replies
    zero hedge ^ | 4apr17 | Tyler Durden
    While Jamie Dimon tried to maintain his traditionally optimistic outlook in his annual letter to shareholders, there was a distinct undertone of pessimism in the latest 45 page letter released earlier today, in which he writes that while the U.S. is "truly an exceptional country," probably stronger than ever before, he cautions that "something is wrong - and it's holding us back."Here are the highlights from the gloomy passage reposted below in its entirety.Dimon's letter notes that the economy has been growing much more slowly in last decade or two than in the 50 years before then, with real...
  • JP Morgan warns of Brexit jobs threat

    06/03/2016 2:18:02 PM PDT · by Berlin_Freeper · 20 replies
    bbc.com ^ | June 3, 2016 | BBC
    JP Morgan may cut up to 4,000 UK jobs if there is a vote to leave the European Union, its chief executive has warned. Jamie Dimon said that Brexit would "be a terrible deal" for the UK economy.
  • Jamie Dimon on auto loans: 'Someone is going to get hurt'

    06/02/2016 12:05:27 PM PDT · by detective · 67 replies
    MSN News ^ | June 2, 2016 | Jon Marino
    Jamie Dimon is sounding the alarm on auto loans. "Auto is clearly a little stretched, in my opinion," the JPMorgan Chase (JPM) CEO said Thursday morning, speaking at the Alliance Bernstein Strategic Decisions Conference in New York. "Someone is going to get hurt... we don't do much of that." But other lenders have. The average size of new auto loans is rising, as is the average payment size, according to research from Experian released Thursday morning. In May, the total amount of auto loans cracked the $1 trillion mark for the first time, marking a 10 percent increase. It comes...
  • Jamie Dimon Tells Us We Need to Leave Too Big to Fail Banks Alone

    04/10/2016 3:21:52 PM PDT · by Lorianne · 19 replies
    Naked Capitalism ^ | 07 April 2016 | Yves Smith
    Jamie Dimon likes to write grandiose letters to shareholders. Unfortunately, the financial media sees fit to treat them seriously. And his minders manage to save him from himself. Right after the crisis, DimonÂ’s annual missive contained an section praising the heroics of his staff, comparing them at length to the soldiers at Iowa Jima. Dimon was persuaded to get rid of that bit only because his outside PR firm threatened to quit. This yearÂ’s letter, as recapped by the Financial Times, is every bit as exaggerated, although less obviously so to the outsider. The theme this year is why too...
  • 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,...