Jamie Dimon

NEW YORK (Reuters) - U.S. stocks were on track to end the week with modest gains as major indexes pulled back from session lows after falling more than 1 percent on Friday on talk that Standard & Poor's was ready to downgrade ratings on several euro-zone countries. A senior euro-zone source said S&P would downgrade several European nations' credit ratings later on Friday, as it had warned in December, adding that Germany and the Netherlands were not on the list. S&P declined to comment on the...Read Full Story

  On The Stamp: Food Stamp Participation March 2011 – Sold at the Top – As a logical consequence of the prolonged economic downturn it appears that participation in the federal food stamp program is continuing to rise. … The latest data released by the Department of Agriculture shows that in March, an additional 387,849 new recipients were added to the food stamps program, an increase of 11.13% on a year-over-year basis, while household participation increased 13.57%. Individual participation...Read Full Story

NEW YORK ( Reuters ) - Gordon Smith , credit card chief of JPMorgan Chase <JPM.N>, often spends his weekends at his northern New Jersey home, rebuilding the engines of vintage cars. As he takes apart an engine, he puts pieces in plastic Ziploc bags to keep track of where they belong. He videotapes the disassembly, in case he forgets how to rebuild. "It would be really embarrassing to take a pile of pieces back to the shop and say, 'I took it apart. I'm an office worker. Could you put it back...Read Full Story

    J.P. Morgan’s Dimon concerned about too much capital – By Alistair Barr – Surfeit of capital may make people do ‘stupid things,’ CEO says – By early next year, the U.S. banking industry will have too much capital, rather than too little, J.P. Morgan Chase & Co. Chief Executive Jamie Dimon said Tuesday during an investor presentation. – Marketwatch ———— JPMorgan CEO: I’m staying put, and bank is growing – By Clare Baldwin – … Jamie Dimon said his bank will not be "goaded into...Read Full Story

NEW YORK (By Elinor Comlay and Matthew Goldstein): At last week’s World Economic Forum in Davos, Switzerland, the JPMorgan Chase chief executive once again lambasted the media and politicians for portraying all bankers as greedy evil-doers. It was at least the 12th time since the start of the financial crisis that Dimon has complained about Wall Street critics painting all bankers as cut from the same cloth. But the timing of his latest outburst seemed odd. In December, as part of...Read Full Story