CEO Jamie Dimon has been the chief executive officer of JP Morgan Chase since 2006. He is 50 years old. Follow Mr. Dimon and JP Morgan Chase in the news and blogs or share your own opinion about the company and its leadership.
JPMorgan Chase & Co . (NYSE: JPM) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world’s most prominent... Read Full Story
Has it been long enough for banking executives that were denied their bonuses to learn their lesson? JP Morgan Chase seems to think so, as it has lifted the salary freeze it had placed on employees earning more than $60,000 a year during the height of the financial crisis last year. Raises are expected to take effect early next year.
by epicharmus
“Best Principles” Pay Schedule
In addition to the salary increases, Chase has also promised a $500 bonus to employees that receive less... Read Full Story
JP Morgan confirms that head Jamie Dimon has hired his 78-year-old father, Theodore "Ted" Dimon, to join Bear Stearns Private Client Services, now owned by Morgan. The elder Dimon quit Bank of America's Merrill Lynch unit yesterday to make the move. [ Bloomberg ]
Read more posts by Lindsay Robertson
Filed Under: bank of america , bear stearns , jamie dimon , jp morgan , merrill lynch , ted dimon
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JAMIE DIMON: LUCKY OR GOOD?
Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase By Duff McDonald Simon & Schuster; 340pp.; $28 Few figures of today's financial world are more respected than Jamie Dimon, CEO of JPMorgan Chase. For a banker to emerge from the financial meltdown with mere flesh wounds might be accomplishment enough. But for Dimon--whose rise, fall, and rise again has been one of the most compelling stories on Wall Street for decades--the crisis proved he is much... Read Full Story
JPMorgan Chase said on Wednesday its third quarter profit jumped to 3.6 billion dollars, with investment banking results offsetting weakness in the consumer sector. The group, among the healthiest of the major US banks, said earnings were multiplied nearly by seven from 527 million dollars in the same period a year ago. The results translated to 82 cents per share, much better than expected by analysts, who had called for a profit of 52 million dollars. Revenues surged 79 percent from a year... Read Full Story
NEW YORK (Reuters) - A U.S. District Court dismissed a lawsuit of former employees of Washington Mutual <WAMUQ.PK> against JPMorgan Chase & Co <JPM.N> to recover their retirement account losses after the collapse of the thrift. The plaintiffs filed a case in November 2007 against Washington Mutual asserting the financial company breached duties it owed under the Employee Retirement Income Security Act by allowing them to invest their 401(k) funds in Washington Mutual stock. The funds... Read Full Story
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Congress needs a chimney sweep to clean the soot from the smoke they’ve been blowing. Our do nothing congress; well we can’t really say do nothing, they did bail out the banks, and they have raised more money for themselves this session from Insurance, health care and bank lobbyists than in any other one year period, and the year isn’t even over.
Now they... Read Full Story
US bank JP Morgan Chase has renounced a claim to an artwork that Amsterdam's Rijksmuseum bought from a Dutch multimillionaire who had used it as loan collateral, the two parties said Monday. The Dutch state, which owns the museum's collection, "concluded an accord with JP Morgan a few weeks ago," Taco Dibbits, the museum's head of collections, told AFP. JP Morgan Chase "renounced its claim to the piece", he added. "There is now nobody who claims the rights" to the work. "The bend in the... Read Full Story
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FREE Daily Stock Alerts From CRWEWallStreet.com
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Congress needs a chimney sweep to clean the soot from the smoke they’ve been blowing. Our do nothing congress; well we can’t really say do nothing, they did bail out the banks, and they have raised more money for themselves this session from Insurance, health care and bank lobbyists than in any other one year period, and the year isn’t even over.
Now they... Read Full Story
Released October 15, 2009
Summary
CLICK TO DOWNLOAD This document, filed under seal, presents a complaint from a federal lawsuit against JP Morgan Chase & Co., Citigroup and Nelnet for presenting false claims to the United States government, in respect to the student loan industry.
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