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Now We Know What Jamie Dimon Was Really Thinking When Occupy Wall Street Marched To His Home

By Manja on  From syok.sripengantin.com
Jamie Dimon was absent last October when the Occupy Wall Street protesters marched from their Zuccotti Park headquarters to pay the bank CEO a visit at his Upper East Side home.  No, it's not because he was at his Midtown office either. "You know that particular day I was in Lebanon -- Beirut -- doing business over there and I was probably safer over there, too," Dimon told Fox Business Network's Melissa Francis yesterday .  JPMorgan's outspoken chief executive told Fox Business how he...Read Full Story

Dennis M. Kelleher: Where Is Jamie Dimon When You Need Him?

By Derrick Loving on  From huffingtonpost.com
Now, when there are some very real and very serious anti-American actions being asked for, Dimon is strangely silent. Could it be because the current anti-American requests coincide with his claims against financial reform? Of course it is. Read More... More on BanksRead Full Story

JAMIE DIMON TELLS FBN PAUL VOLCKER DOESN’T UNDERSTAND “CAPITAL MARKETS”

By Jacob Wolinsky on  From valuewalk.com
… FOX Business Network’s (FBN) Melissa Francis spoke exclusively with JPMorgan CEO Jamie Dimon live from Florida about the company’s expansion and the economic challenges facing the United States today. When asked about whether the Volcker rule really serves to protectRead Full Story

Wall Street drops on euro-zone downgrade chatter

 From reuters.com
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

Economic and Economy: Food Stamp Growth, Moody’s Downgrades Banks?, Jamie Dimon, What Is Sovreign Default, Updated Jobs Chart, John Mauldin

By Bill Coppedge on  From mortgagenewsclips.com
  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

Insight: Chase's card chief rebuilds business part by part

 From reuters.com
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

Related to Banks: Dimon x 3, Helping Foreign Banks, BofA Writedown, Chris Whalen on Banks

By Bill Coppedge on  From mortgagenewsclips.com
    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

Jamie Dimon, JPMorgan Chief, Wants Some R-E-S-P-E-C-T: Reuters

By hotbytes2010 on  From hot-bytes.info
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

JPMorgan shuffles top retail bank executives

 From reuters.com
NEW YORK ( Reuters ) -- JPMorgan Chase & Co <JPM.N> shuffled several retail banking executives, signaling Chief Executive Jamie Dimon 's determination to rebuild the bank's profits and elevate in-house talent to high-profile roles. In a statement released on Tuesday, the bank said retail banking chief Charlie Scharf is moving to the firm's private equity arm and that other senior executives are taking on additional responsibilities in his former division. Todd Maclin , chief executive of...Read Full Story

Mortgage mess dominates JPMorgan annual meeting

 From reuters.com
COLUMBUS, Ohio ( Reuters ) - Investors at JPMorgan Chase & Co's <JPM.N> annual meeting criticized the bank's policies on a range of issues and some even asked the bank to help them hang on to their houses. Chief Executive Jamie Dimon told them that the company is trying to help people at risk of losing their homes, and that the U.S. economy's recovery is gathering steam. Community organizers from Brooklyn to Cincinnati to San Francisco also complained about Chase losing paperwork, being...Read Full Story
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