Which Came First: Government Ownership or Catastrophic Losses? Oct 20, 2009
JPMorgan Chase boasted of what CEO Jamie Dimon referred to as a "fortress balance sheet.". It's frustrating for taxpayers that the banks and car companies in which they have stakes aren't performing better. (Slate)
Crucial stops by soccer goalie Hilaire - to scene of accident Oct 20, 2009
Nicole Dimon, an intensive care nurse, gives him a bear hug, which Hilaire returns, although his right arm remains 50 percent paralyzed ... I was your nurse when you first came in, says Dimon. (Boston Globe)
Obama, Advisers Start Counterattack on Bank Lobbying Against Regulation Oct 17, 2009
Dimon also said that new policies should be grounded in a thorough analysis of what happened and that political agendas or simplistic views will not serve us well. . (Bloomberg -- US)
Asian stocks rally on bank results Oct 15, 2009
Investment-banking revenue from fixed income jumped to a record $US5 billion as Chief Executive Officer Jamie Dimon capitalized on his 2008 acquisition of Bear Stearns Cos. Seven-month rally. (Sydney Morning Herald -- Business)
JPMorgan profits surge Oct 15, 2009
Meanwhile, JPMorgan Chase's CEO Jamie Dimon cautioned that the company continues to face challenges, particularly within its consumer-related divisions such as its credit card business. Editor: Mu Xuequan. (Xinhuanet, China)
Dow 10k: a sequel Oct 15, 2009
Yesterday, the markets had JPMorgan boss Jamie Dimon to thank for the run-up. Dimon's firm posted blockbuster earnings that beat analysts' expectations, bolstering the prediction that many big-name banks will be posting robust third-quarter profits ... Yesterday, the markets had JPMorgan boss Jamie Dimon to thank for the run-up. (New York Post -- News)
JPMorgan Q3 profit soars to $3.6 bn Oct 15, 2009
While we are seeing some initial signs of consumer credit stability, we are not yet certain 00004000 that this trend will continue, CEO Jamie Dimon said in a statement. Mark-to-market gains added to the jump in debt and equity underwriting fees to boost profit at the investment bank, which reported net income of $1. (India Times)
JP Morgan results beat forecasts Oct 15, 2009
"Accordingly, we have added $2bn to our consumer credit reserves, bringing the firmwide total to $31.5bn," said Jamie Dimon, the bank's chairman and chief executive in its results statement. Stellar. (BBC News -- Americas)
JPMorgan sets $8.79b aside for pay Oct 15, 2009
We always look at long-term, sustained performance, Chief Executive Officer Jamie Dimon said on a conference call with analysts today. yesterday. (Boston Globe)
JPMorgan surpasses estimates Oct 15, 2009
Credit costs will stay high "for the foreseeable future," CEO Jamie Dimon said ... Credit costs will stay high "for the foreseeable future," CEO Jamie Dimon said. (New York Post -- Business)
Peek packs bags Oct 14, 2009
Peek just wasn't one of the chosen few, which included JPMorgan Chase's Jamie Dimon, Lloyd Blankfein of Goldman Sachs, and even Vikram Pandit of badly hobbled Citigroup ... Peek just wasn't one of the chosen few, which included JPMorgan Chase's Jamie Dimon, Lloyd Blankfein of Goldman Sachs, and even Vikram Pandit of badly hobbled Citigroup. (New York Post -- Business)
Tobacco company to bring 189 jobs Oct 14, 2009
A native of Danville, Daniels is a former president and chief executive officer of DIMON Inc., which later became Alliance One Inc.. "We believe Danville's rich history in the tobacco industry and the seasoned workforce that resides here are a perfect fit for our facility," he said. (Yanceyville Caswell Messenger, NC)
Jamie Dimon: Lucky or Good? Oct 10, 2009
Jamie Dimon: Lucky or Good ... Jamie Dimon: Lucky or Good ... The Good: An intimate portrait of Dimon, who emerged from the financial meltdown a survivor and to many, a hero. (BusinessWeek)
Hello, Mr. Geithner?Wall Street on Line 1 Oct 9, 2009
The second was Jamie Dimon, the CEO at JPMorgan Chase & Co. ... Dimon and Blankfein are members of an exclusive club: Along with executives at Citigroup Inc., they are among a cadre of Wall Street executives who have known Geithner for years, whose multibillion-dollar companies survived the economic crisis with his help, and who can pick up the phone and reach the nations most powerful economic official ... In the first seven months of Geithners tenure, his calendars reflect at least 80... (MSNBC -- Business)
Geithner's phone line to power Oct 9, 2009
Records show his successor, Tim Geithner, over a seven-month period, kept in constant contact with Blankfein as well as Citigroup bosses Dick Parsons and Vikram Pandit and JPMorgan Chase's Jamie Dimon ... Records show his successor, Tim Geithner, over a seven-month period, kept in constant contact with Blankfein as well as Citigroup bosses Dick Parsons and Vikram Pandit and JPMorgan Chase's Jamie Dimon. (New York Post -- News)
Last Man Standing Oct 8, 2009
But journalist Duff McDonald believes he's found a winnerand possibly a heroin Jamie Dimon, the CEO of JPMorgan Chase. In Last Man Standing, , a veteran magazine journalist and contributing editor to New York, traces the life and career of the prickly, tough executive who has emerged as the nation's most prominent banker and describes how he steered the bank through the crisis. (Slate)
Citi's CEO, team in good shape Oct 8, 2009
And JPMorgan Chase named Jes Staley the head of its investment bank, a move that put Staley in a position to become the new CEO should the bank's current chief, Jamie Dimon, leave or retire unexpectedly. Read business stories in. (India Times)
Good spots, bad reputation Oct 7, 2009
And that's not always fair, says Julia Dimon, a travel journalist and co-host of Word Travels, a documentary series about the real lives of travel writers airing internationally on the National Geographic Adventure channel. Political strife found in certain areas of a country shouldn't taint the entire destination, says Dimon ... In fact, it's already one of Dimon's favorite destinations. (MSNBC -- Travel)
Winters Shows JPMorgan Bankers a Path to Safety, Dimon Shows Him the Door Oct 7, 2009
Winters Shows JPMorgan Path to Safety, Dimon Shows Him the Door - Bloomberg ... Winters Shows JPMorgan Path to Safety, Dimon Shows Him the Door ... Last week, Dimon named , previously head of asset management, as the investment banks sole CEO. Black will become the investment banks executive chairman until the end of 2010. (Bloomberg -- US)
The CEO cult returns Oct 3, 2009
THE NATION S business media have been getting a little gushy over JPMorgan Chase CEO Jamie Dimon ... Dimon does seem to be a rare success story ... The new financial regulations being drafted in semiobscurity by Barney Frank s House Financial Services Committee will do more to determine the vitality of the economy than Dimon s outspoken, profane, fearless personality, as Fortune described it. (Boston Globe)
Clearing out the corner office Oct 2, 2009
On September 29th Jamie Dimon reshuffled his generals, ousting Bill Winters, co-head of the group s giant investment bank, and replacing him with Jes Staley, formerly head of the asset-management business. The move sets Mr Staley up as the front-runner to take over should Mr Dimon leave or fall under a bus ... But the board pressured Mr Dimon to make hard choices. (The Economist)
Why Ken Lewis Gave Up Oct 2, 2009
But unlike some of his CEO colleagues, such as JPMorgan Chase CEO Jamie Dimon, he wasn't born into the brokerage business ... The two big winners of Survivor Wall Street: 2008-09 are Goldman Sachs CEO Lloyd Blankfein and JPMorgan Chase CEO Dimon, both active Democrats with close ties to the Obama administration ... (Check out Blankfein's and Dimon's donations and. (Slate)
One deal too many - BofA chief falls on sword Oct 1, 2009
Only Lloyd Blankfein, the head of Goldman Sachs Group, and Jamie Dimon, CEO of JPMorgan Chase, have survived. Some lost their jobs as their banks collapsed or were taken over. (Sydney Morning Herald -- Business)
Staley Named Top JPMorgan Investment Banker as Winter Exits, Profit Soars Sep 30, 2009
JPMorgan Chief Executive Officer , 53, surprised analysts yesterday by naming Staley, who ran asset management, as CEO of the , signaling he may be the boards choice to run the second-largest U.S. bank after Dimon leaves ... Co-heads of groups are always tough, so Im not surprised that Dimon would be happy to have a single person in charge, said , senior vice president of portfolio management at Ariel Investments LLC in Chicago ... Once Dimon concluded that he didnt want Winters to... (Bloomberg -- US)
Dimon shakes up executi00004000ve ranks Sep 30, 2009
Dimon shakes up executive ranks. Dimon shakes up executive ranks ... CEO Jamie Dimon shook up the leadership of JPMorgan Chase, surprising analysts by announcing the immediate departure of co-chief executive officer Bill Winters and naming asset-management chief Jes Staley to run the business. (New York Post -- Business)
Jamie Dimon Misses Own Too-Big-to-Fail Threat Sep 30, 2009
Dimon, after all, runs one of the biggest members of the too-big-to-fail club ... What Dimon was trying to say while speaking last week at the Clinton Global Initiative conference in New York was that the government needs to figure out how to handle a too-big-to- fail firm that runs into trouble ... As JPMorgans Dimon said, he doesnt want to see his bank shrink. (Bloomberg -- Columnists)
Michael Jordan Saw Mistake of Cutting Corners: Scott Soshnick Sep 30, 2009
Its safe to assume, though, that Dimon knows integrity doesnt come cheap. ( is a Bloomberg News columnist. (Bloomberg -- Columnists)
JPMorgan shuffles its senior ranks Sep 30, 2009
Jes Staley's promotion may put him in line to replace CEO Jamie Dimon ... NEW YORK - JPMorgan Chase & Co. named Jes Staley the head of its investment bank, a move that could put Staley in a position to potentially step in as the new CEO should the bank's current chief, Jamie Dimon, leave or retire unexpectedly ... "In the unforeseen event Dimon is not at JPMorgan tomorrow, (Dimon) is doing the right thing to identify people he trusts to take his job someday," Murphy said, adding there is no... (MSNBC -- Business)
US bank CEO pay dwarfs rest of world Sep 26, 2009
6mil awarded to Jamie Dimon, chief executive of the worlds fourth largest bank, JPMorgan Chase p ... 8mil in 2008 much more than his Chinese counterparts but far less than JPMorgan paid Dimon. (The Star Online, Malaysia -- Business)
U.S. pays bankers best, by millions Sep 25, 2009
6 million awarded to Jamie Dimon, chief executive of the world s fourth-largest bank, JPMorgan Chase p. The contrast illustrates the massive differences in pay among the CEOs of the world s top banks. (Atlanta Journal-Constitution -- Business)
Banking life: never saying sorry, even insincerely Sep 20, 2009
Jamie Dimon, the chief executive of JPMorgan Chase, which took $25 billion in Troubled Asset Relief Program money, has ordered two Gulfstreams costing $120 million. Unlike celebrities and mere members of the Congress, bankers have no fear of reprisals. (Business Report, South Africa)
JPMorgan's `Blueprint' Aims to Capture More Credit-Card Spending, Top AmEx Sep 15, 2009
59 billion in the past three quarters and Dimon said July 16 he doesnt expect the division to earn a profit this year or next. To contact the reporter on this story: in New York at. (Bloomberg -- US)
Wall Street's new shape: Rearranging the towers of gold Sep 12, 2009
At a hearing in February a congressman addressed JPMorgan Chase s boss, Jamie Dimon, as Mr Demon. Deliberate or not, it captured the mood. (The Economist)
MELTDOWN FLASHBACK: Friday, Sept. 12, 2008 Sep 12, 2009
But a person close to JPMorgan Chief Executive Jamie Dimon says he won t be interested without a clearer picture of the risk in the bank s loan portfolio. Washington Mutual s stock ends the week down 36 percent. (Orangeburg Times and Democrat, SC)
BofA sees credit card defaults rise Sep 9, 2009
While BofA hasn t discussed profitability of its card business, Chase CEO Jamie Dimon recently told his shareholders that even with its lower default rate, he expects his bank s credit-card business to lose money through 2010. The losses being absorbed on credit-card portfolios are simply unprecedented. (Albany Business Review, NY)
Missing Lehman Lesson of Global Shakeout Means Too Big Banks Prone to Fail Sep 8, 2009
While poring over Lehmans mortgage portfolio on Saturday, former Goldman Sachs partner , a Merrill Lynch vice president and now CEO of New York-based AllianceBernstein Holding LP, accused JPMorgans Dimon of being too aggressive in demanding more collateral and margin from other banks to cover declining values, according to two people who were there ... Dimon didnt respond to Kraus, the participants said, and the confrontation died down. (Bloomberg -- Germany)
> Finance: Bookshelf Aug 30, 2009
For the book, Tett had access to J.P. Morgan CEO Jamie Dimon and many of the bankers who were on the 1994 Boca Raton trip. The result is a well-researched book, but also a well-written one, that gives an insider s view of a complex financial world and what motivated its players to innovate. (Albany Business Review, NY)
How Does Jamie Pay? Aug 26, 2009
NOW that JPMorgan Chase CEO Jamie Dimon has emerged as the accidental media mogul who may control the biggest magazine empire in America -- the bank owns or wields considerable power over Reader's Digest Association, Source Interlink Cos. and American Media -- it pays to look at how he's paying his media executives. (New York Post -- Business)
Bipartisan Policy Center Announces New Credit Rating Agency Task Force Aug 25, 2009
Speakers at the roundtables included Treasury Secretary Timothy Geithner; Chairman of the Economic Recovery Advisory Board Paul Volcker; Jamie Dimon, Chairman of the Board and Chief Executive Office of JPMorgan; Former Chairman of the Federal Reserve Alan Greenspan; Chairman of the U.S. Securities and Exchange Commission Mary Schapiro; Comptroller of the Currency John Dugan; and Federal Deposit Insurance Corporation Chairman Sheila Bair. Topics of the roundtables included regulatory reform,... (PR Newswire)
Business banker McKinnon ends 40-year career at Chase Aug 6, 2009
Mr. Dimon got along well with Mr. McKinnon but clamped down hard on credit practices at the bank after taking over Bank One in 2000. Mr. Dimon later admitted being overzealous and sapping the middle-market lending units strength. (Crain's Chicago Business)
Too Much Profit? Jul 23, 2009
But it's also an agglomeration of Chase Manhattan, Chemical Bank, Manufacturers Hanover, First Chicago, National Bank of Detroit, Bank One, Bear Stearns and Washington Mutual, among others, and this mishmash has only come together as a coherent whole since renowned details guy Jamie Dimon took over as CEO in 2005. "The teamwork culture at JPMorgan Chase is really ," Ellis says. (Time.com)
Deal could bring $30 million tobacco processing facility, 200jobs Jul 22, 2009
Wilkerson, who grew tobacco for Philip Morris, said Danville hasn't had a tobacco processing facility since DIMON and Southern Processors closed and moved out years ago. "When they left, the handwriting was on the wall for me. It looked like doom and gloom," he said. (Yanceyville Caswell Messenger, NC)
JPMorgan's Dimon makes $2.3 mn Jul 22, 2009
JPMorgan's Dimon makes $2 ... JPMorgan's Dimon makes $2 ... NEW YORK: JPMorgan Chase ief Executive Jamie Dimon made a $2. (India Times)
Jamie Dimon Tilts Labor War Toward Billionaires: Scott Soshnick Jul 22, 2009
NBA Commissioner wouldnt tell me what Dimon said during their April meeting ... Dimon is doing what the NFL union is advising: saving money in case of difficult times ahead. (Bloomberg -- Columnists)
THE WEEK'S WINNERS AND LOSERS Jul 20, 2009
THE WEEK'S WINNERS AND LOSERS - New York Post. Monday, July 20, 2009 Last Update: 05:20 AM EDT. (New York Post -- Business)
Finding the Line on Interrogation Jul 20, 2009
The NYT fronts a on JPMorgan Chase chief Jamie Dimon, exploring his growing clout in Washington as the financial crisis unfolds ... The paper notes that in many ways, Dimon has become the voice for many pro-Wall Street proposals that other bankers are simply too unpopular to suggest. (Slate)
Washingtons Favorite Banker Jul 20, 2009
That's Jamie Dimon, the head of (JPM) according to the. Dimon will hold a meeting of his board in Washington on Monday that the White House chief of staff, Rahm Emanuel, is expected to attend ... The paper attributes the special guest appearance to Dimon's pull in the nation's capital. (Slate)
JPMorgan Profit Tops View Though Credit Worsens Jul 17, 2009
"We're still obviously in a pretty big recession," Chief Executive Jamie Dimon said on a conference call. He said rising unemployment will put upward pressure on credit losses. (ABC News -- Wire)
"Last of the Survivors" Jul 17, 2009
The duo are, as Robert Reich, a Cal-Berkeley professor and former secretary of labor in the Clinton administration, says, "the last of the survivors." J.P. Morgan Chase CEO James Dimon told analysts yesterday "the bank may start thinking about a range of actions that weren't on the table a few months ago, including potentially and buying back its stock," The Wall Street Journal writes. And, yes, the acquisitive Dimon is keeping his eyes open for new deals. (Slate)
Jubilant Wall Street: JPMorgan Earns $2.7 Billion Jul 17, 2009
"During the quarter, we maintained our efforts to support economic recovery and to help keep people in their homes," Dimon said. Both JP Morgan and Goldman Sachs -- as well as all other major U.S. banks -- borrowed money at the end of 2008 from the federal government to help shore up their balance sheets. (ABC News -- Business)
Chase 2Q earnings soar 36% Jul 17, 2009
While we do not know if the economy will deteriorate further, we feel confident that, with our strong capital and reserve levels and significant earnings power, we can continue to reinvest in our businesses and do well for our clients, communities and shareholders over the long term, CEO Jamie Dimon said in a release. The bank s earnings in the first half grew 11 percent to $4. (San Jose Business Journal, CA)
JPMorgan Profit Jumps 36%, Beating Estimates Jul 17, 2009
JPMorgan Chairman and Chief Executive Jamie Dimon said the company was pleased with results despite the continued difficult economic environment. He added the company expects the high levels of credit costs in its consumer lending and card services division to remain high for the foreseeable future. (SmartMoney)
JPMorgan Chase Tops With 36% Profit Jul 17, 2009
In a statement, JPMorgan CEO Jamie Dimon said he expects credit losses in those divisions to remain elevated for the foreseeable future. . (Fox News)
JPMorgan Chase profits soar 36% Jul 17, 2009
Jamie Dimon, JP Morgan's chairman and chief executive, said it was confident it could continue to perform well even if the economic environment deteriorated further. The bank said its investment banking arm had performed well as increased volatility had boosted trading, helping to offset losses on consumer loans such as mortgages. (BBC News -- Americas)
JPMorgan Tops Street Expectations Jul 17, 2009
CEO Jamie Dimon said he was "pleased" by the results, even as the company's latest numbers were weighed down by higher credit costs, particularly in the company's consumer lending and credit card businesses. The bank said it set aside $9. (BusinessWeek)
JPMorgan profits a strong sign for banking sector Jul 17, 2009
Despite the robust earnings, JPMorgan Chase chairman and chief executive Jamie Dimon said "these results were negatively affected by the continued high levels of credit costs in consumer lending and card services, which we expect will remain elevated for the foreseeable future.". "Throughout this crisis, we have remained committed to doing our part to help bring stability to the communities in which we operate and to the financial system overall," the chief executive said. (Yahoo! Asia News)
JPMorgan Chase posts $2.7 billion profit Jul 17, 2009
CEO Jamie Dimon said the bank wont need additional reserves once the loan environment stabilizes, but that the timing remains uncertain ... Dimon said JPMorgan has no material exposure to CIT.. (MSNBC -- Business)
Chase chief Dimon talks about WaMu buy Jul 16, 2009
Chase chief Dimon talks about WaMu acquisition - Puget Sound Business Journal (Seattle) ... Chase chief Dimon talks about WaMu acquisition ... Photo: Dan Schlatter Chase CEO Jamie Dimon spoke to the Seattle downtown Rotary Club July 15. (Puget Sound Business Journal, WA)
JPMorgan Trading Revenue May Rescue Profit for a Second Straight Quarter Jul 15, 2009
Dimon has said that he doesnt expect JPMorgans card unit to make money this year because losses tend to track employment trends. The rose to 9. (Bloomberg)
Council on Foreign Relations backs amnesty for illegals, opposes Arpaio-style raids Jul 12, 2009
Financier George Soros and JP Morgan Chase & Co. CEO Jamie Dimon. Former Federal Reserve Bank chairmen Alan Greenspan and Paul Volcker. (Phoenix Business Journal, AZ)
JPMorgan Wants U.S. to Auction Its TARP Warrants Jul 11, 2009
The repayments included $25 billion by JPMorgan, whose chief executive, Jamie Dimon, has described participation in TARP as a "scarlet letter" for banks. "The objective is to get out of the clutches of government," said Marshall Front, chairman of Front Barnett Associates LLC in Chicago. (ABC News -- Wire)
‘Street Fighters’ describes the collapse of Bear Stearns Jul 10, 2009
J.P. Morgan Chase chairman and CEO Jamie Dimon also comes across well. He was initially reluctant to buy Bear Stearns and was adamant in his position. (Boston Globe)
Affected by credit card changes? Jul 7, 2009
Maybe Jamie Dimon the CEO will be in the next cell to his pal Berniw Madoff. I hear they were business partners. (Atlanta Journal-Constitution -- Business)
Was that Sandra Bullock? Jul 3, 2009
We thought they d go until midnight, but they filmed five nights in our stadium from 8 p.m. until 6 in the morning, assistant headmaster Scoot Dimon said ... They took Wildcats off the concession stand and changed it to Crusaders, Dimon said ... They took down all the paintings, put up Tennessee paraphernalia and painted his office Volunteer orange, Dimon said. (Atlanta Journal-Constitution)
Wall Street likely "boring" in 2nd half of 2009 Jul 2, 2009
Bank of America's Ken Lewis, JPMorgan Chase's Jamie Dimon and Citigroup's Vikram Pandit are among CEOs saying their banks were in the black early this year. The U.S. government in May reassured investors, saying that 10 of the top 19 banks will need to raise a total of 74. (Xinhuanet, China)
