Jamie Dimon

JPMorgan CEO Jamie Dimon said Tuesday his bank won't try to hire top performers at Citigroup and Bank of America, days after the government's "pay czar" slashed pay for the biggest earners at JPMorgan's troubled rivals. "I morally have an issue with people going against these companies that are hamstrung and making it worse," Dimon told a conference of financial professionals in New York. Pay czar Kenneth Feinberg last week said he had ordered seven companies that have received billions of dollars in taxpayer money to slash the base salaries of their top executives by an average of 90 percent and cut total compensation ... Read Full Story

NEW YORK (Reuters) - JPMorgan Chase & Co <JPM.N>, the second largest U.S. bank, is looking to add financial advisers, Chief Executive Jamie Dimon told a conference in New York on Tuesday. The bank, which acquired about 350 advisers through its purchase of investment bank Bear Stearns in March last year, is looking to reach a total of about 1,000 advisers, Dimon said. "Our strategy there is to go to 1,000 of the top, top, top," he said, adding, "So if you're really really good, call JPMorgan up and we'll be happy to hire you." Dimon, whose father and grandfather were brokers, made the ... Read Full Story

NEW YORK (Reuters) - JPMorgan Chase & Co has reshuffled the leadership at its investment bank, naming a new chief executive who could eventually succeed Jamie Dimon as head at the No. 2 U.S. bank, in a shake-up that surprised many analysts and investors. JPMorgan <JPM.N> said Jes Staley, current head of the bank's key asset management unit, will become the chief executive of the investment bank. Dimon, 53, is not expected to leave any time soon, but Staley's promotion makes him a front- runner to succeed him, a person close to JPMorgan said. "This sends the message that they have a deep bench ... Read Full Story

By Lisa Valentine J.P. Morgan Chase has more than 220,000 employees, more than 100 million customers and operates in almost 100 countries. And if J.P. Morgan Chase’s chairman and CEO Jamie Dimon says that “some unforeseen circumstance should put this firm at risk of collapse,” the government should step back and let the mega bank fail. Dimon makes it clear that he is against setting size limits to financial firms, arguing that the large economies of scale of big firms has benefits for shareholders, consumers, and the economy and that proper regulation can wind down even the largest financial institution in a safe and ... Read Full Story

Albert Gordon: Financial Leadership the Old-Fashioned Way - The Kidder Peabody legend brought a purposefulness and responsibility to the business that his contemporary counterparts would do well to learn - BusinessWeek - (I was fortunate enough to meet Al Gordon twice - BC) ———— ALAN GREENSPAN TO SPEAK FOR NATIONAL ASSOCIATION OF REALTORS - By JOHN CRUDELE - WHO the hell would be stupid enough to pay to hear Alan Greenspan’s opinion of anything! Notice, that isn’t a question because I already know the answer. Rather, it’s a statement with one of those exclamation points to show that my voice is being raised in ... Read Full Story