JPMorgan CEO Jamie Dimon keeps chairman's job in shareholder vote
But Dimon now faces a Justice Department probe into how the bank lost $2 billion from risky trades. Protesters hold a banner featuring a picture of Jamie Dimon, JPMorgan Chase's chairman and CEO, outside the bank's annual shareholders meeting in Tampa, JP Morgan CEO James Dimon joined host David Gregory Sunday on “Meet the Press” [...]
Read MoreJPMorgan CEO Jamie Dimon faces shareholders after $2B trading mistake
Soon after, JPMorgan's CEO Jamie Dimon hopped on an emergency conference call to discuss the trading blunder referring to it as an "egregious" mistake. The news has since caused the bank's stock to plummet and it has Ina Drew — the JP Morgan executive who famously loves crises — is out; it seems the buck [...]
Read MoreThe Dimon-Obama saga
(JPM) (JPM) Chief Executive Officer Jamie Dimon said he was “dead wrong” in initially dismissing news reports scrutinizing trades that led to a $2 billion loss and that it gives ammunition to proponents of tighter regulations. Fun as it may be to beat up on the arrogant Jamie Dimon for the $2 billion-plus derivatives fiasco [...]
Read MoreNo sign of shareholder revolt against Dimon
We are apparently reaching the stage in the JPMorgan $2 billion fail-scapade when the patsies are identified and shamed. JPMorgan co-CIO Ina Drew has already cashed out in the wake of the losses, with two underlings, From Nomi PrinsJPM Chase Chairman, Jamie Dimon, The Whale Man, And Glass-SteagallIt was fitting that while President Obama and [...]
Read MoreDimon admits he was 'dead wrong'
Chief Executive Officer Jamie Dimon to resign his position as a director at the Federal Reserve Bank of New York. Dimon, who disclosed a $2 billion trading loss by his bank last week, shouldn't stay on the board of the New York Fed because “he advises NEW YORK — The CEO of JPMorgan Chase, which [...]
Read MoreJamie Dimon's SNAFU: JPMorgan's Other Derivatives' Losses
JP Morgan CEO Jamie Dimon strenuously denied that a trader's positions may have been problematic before he had investigated it. His bravado backfired. By Roger Ehrenberg, contributor Know the facts before taking a stand. When news of a "London Whale" During a live special report last night on Fox Business,Charlie Gasparino reported he talked to [...]
Read MoreDimon, praised after financial crisis, suddenly finds himself with a $2 …
As readers likely know by now, Jamie Dimon hastily arranged an after hours conference call today, in which he admitted to $2 billion in losses in the last six weeks from a trade by the “London Whale”, Bruno Michel Iksil in the Jamie Dimon.JP Morgan was the prime engine of this message. And its brilliant [...]
Read MoreJamie Dimon Needs A Lecture From Goldman CEO Lloyd Blankfein
JPMorgan Chase dropped a hefty financial bomb on everyone yesterday, admitting that it lost $2 billion in six weeks after some bad trading decisions. CEO Jamie Dimon revealed the news after trading closed last night, [Heard on the Street] Related: James Dimon, one of the most successful bank executives, has been handed a piece of [...]
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