Jamie Dimon

JPMorgan Chase CEO Jamie Dimon is threatening to scale back operations in London over a proposed tax on banker bonuses. But here's the thing -- so what?  

JPMorgan CEO Jamie Dimon is not pleased with Britain's chancellor of the exchequer, Alistair Darling. (Translation for Americans: the chancellor of the exchequer is akin to our treasury secretary, except that he is the second-most powerful person in British government, and is afforded his own home at No. 11 Downing Street, right next door to the prime minister.) Dimon is angry because Darling has adopted a 50 percent tax on banker bonuses...  

Here Is The City has managed to get hold of the confidential transcript of the telephone conversation that took place between JPMorgan Chase CEO Jamie Dimon and UK Chancellor Alistair Darling earlier this month, soon after the UK bank bonus tax was announced.  

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told U.K. Chancellor of the Exchequer Alistair Darling that his 50 percent tax on banker bonuses would unfairly penalize the U.S. bank, a person close to the firm said.  

The WaMu bankruptcy just got a little more interesting. Washington Mutual, the bankruptcy holding company, is asking a court to compel the FDIC, JPMorgan, Goldman Sachs, and several ratings agencies to turn over emails and other documents relating to JPMorgan's acquisition of the bank. Reuters (via The New York Times) has a report here. Zach Lowe of The Am Law Daily has a report, including a breakdown of the legal teams, here. Reuters: The...  

And remember, JPMorgan's CEO is Jamie Dimon who is also closely tied into the Obama team. He is often listed as one of the lead candidates to replace Geithner or take over other leading economic positions within the Obama administration. Remember this the next time his name is floated to replace someone. He's obviously terrified of the impact the tax will have on his business, but he's also again showing how he is part of the global problem...  

$$$ James Grant Interview: Let The Good Times Roll [NYM] $$$ Charlie Gasparino: New York Needs Wall Street [HuffPo] $$$ JP Morgan may scrap £1.5bn London HQ plan over Labour's attacks on City: "Jamie Dimon made the coded warning to Alistair Darling in an angry phone call after the Government revealed its 50pc super-tax on bonuses in the pre-Budget report. Although Mr Dimon did not explicitly threaten to can the 1.9m square foot Docklands...  

The Baseline Scenario submits: By Simon JohnsonIn May, Jamie Dimon, the head of JP Morgan Chase (JPM), told his shareholders that the bank just had probably “our finest year ever.” Despite being close to the epicenter of the worst financial crisis since the Great Depression, Dimon’s bank was able to make a great deal of money, obtain government support when needed, and reduce that support level quickly when the overall situation stabilized...  

JD and his wife, Judy, back in the Harvard years. Back in 2004, Harvard purchased a ginormous amount of interest-rate swaps to fund an expansion. But in 2008 when the market tanked, the swaps turned toxic, and banks that had sold them to the university issued margin calls, putting Harvard in a tight position and forcing them to borrow $2.5 billion from the state of Massachusetts to get out of the swaps, a transaction that carried hefty...  

Ben Smith at POLITICO accurately describes this photo -- which came out of yesterday's pow-wow at The White House -- as Taibbi bait . Maybe they're talking about his transition to Treasury Secretary  

Several U.S. policy makers consider JPMorgan Chase & Co Chief Executive Jamie Dimon as a potential successor to U.S. Treasury Secretary Timothy Geithner, the New York Post said, citing sources.  

Most ridiculous economics-related story of the week (I know, it's early yet, but it's a short week): A New York Post article by Mark DeCambre suggesting JPMorgan Chase CEO Jamie Dimon as a replacement for Treasury Secretary Tim Geithner. Yes, Geithner is under fire from legislators from both parties right now, but neither Republicans nor Democrats are likely to be looking for a figure even more deeply embedded in Wall Street than either...  

J.P. Morgan Chase is the second-largest U.S. bank, but its CEO spoke out on Nov. 13 to condemn the policy of bailing out banks which are "too big to fail." Jamie Dimon wrote in the Washington Post that even his bank should accept the risk of failure. "[I]f some unforeseen circumstance should put this firm at risk of collapse, I believe we should be allowed to fail," Dimon said. He argued that rather than limiting the size of banks and...  

The speculation over the fate of Treasury Secretary Tim Geithner and Fed chief Ben Bernanke has been growing as Congress has become more troubled by rising federal deficits and unemployment. The $787 billion stimulus package has done too little to create jobs. GDP growth is anemic. Someone or someones have to take the fall between now [...]  

Does Jamie Dimon matter? No CEO's profile has risen as high or as quickly as Dimon's during the crisis. Along the way, Dimon has earned such plaudits as "America's most important banker," "the government's banker of choice," and "Wall ...