Jamie Dimon

  NY City’s Tiniest Studio Apartment – NY Post - has slideshow - … Zaarath and Christopher Prokop — and their two cats — live in the smallest apartment in the city, a 175-square-foot “microstudio” in Morningside Heights that the couple bought three months ago for $150,000. At 14.9 feet long and 10 feet wide , it’s about as narrow as a subway car and as claustrophobic as a jail cell. … – ———— JPMorgan CEO: Bank sees more mortgage losses – IEVA M. AUGSTUMS, AP Business Writer... Read Full Story

This book may be an easy read, nonetheless it serves as an apt reminder of the management fundamental that seems to elude today's leaders - doing the right thing. Patricia Crisafulli presented the material in a manner that is engaging yet simple. She describes Jamie Dimon as a rare blend of what would be considered as opposite traits: leads from the front yet strategic and visionary; prudent about risks yet opportunistic; delegates yet systematically follows-up and gets closure, demands a... Read Full Story

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... 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... 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... 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... Read Full Story

NEW YORK (Reuters) - JPMorgan Chase & Co <JPM.N> Chief Executive Jamie Dimon made a $2.29 million pretax profit by exercising stock options and then selling most of the resulting shares of the second-largest U.S. bank. According to a regulatory filing, Dimon on July 17 exercised 660,000 options under a pre-existing trading plan at $29.96 per share, at a cost of $19.77 million. He then sold 601,279 of the resulting shares at $36.69 per share, for gross proceeds of $22.06 million, the filing... Read Full Story

WASHINGTON (Reuters) - U.S. President Barack Obama's chief of staff, Rahm Emanuel, has declined an invitation to attend a board meeting of JPMorgan Chase & Co, a White House official said on Sunday. The New York Times reported over the weekend that Emanuel, the president's top aide, had agreed to attend the meeting, which was to be held in Washington on Monday, pending a review by the White House counsel. No one from the bank was available to comment, and the White House official did not... Read Full Story

THE HIGH DRAMA OF BEAR'S LAST HOURS Street Fighters: The Last 72 Hours of Bear Stearns, the Toughest Firm on Wall Street By Kate Kelly Portfolio; 247 pp.; $25.95 What did the investment bankers at Bear Stearns ever do to earn their millions of dollars in bonuses? Where were the regulators when traders at Bear and other Wall Street firms peddled trillions of dollars in mortgage-backed bonds and derivatives, only to realize, too late, that no one had a clue what they were worth? How can... Read Full Story

Be uniform: JPMorgan’s Dimon Says Regulation Should Keep Banks in Business - By Elizabeth Hester -  Bloomberg ————    A Dose of Clear-Eyed Thinking From Jamie Dimon   - Tom Brown - This year’s letter to JPMorgan shareholders is outstandingly good   - If you read nothing else today, be sure to read Jamie Dimon’s letter to JPMorgan Chase shareholders, published last night. It’s outstanding. … - it’s also a worthwhile meditation on how and why financial crisis happened, and what sort... Read Full Story