Jamie Dimon

  • 22 Oct 2014 at 4:01 PM

That’s ‘Professor Dimon,’ Thank You Very Much

After beating cancer, Jamie Dimon — like many survivors — is looking to give back after a life in banking. The 56-year-old JPMorgan Chase chief executive is considering philanthropy and teaching when he leaves the bank he’s helmed for 10 years, he said during his first public appearance in New York since finishing the cancer treatment last month. “I still want to make it a better world,” he said Tuesday at the Javits Center for an industry conference. “I think when I’m done with this, I’m going to do it more directly.” [NYP]

  • 04 Aug 2014 at 12:02 PM

Donald Trump Now Offering Legal Advice To Barclays

Back in July, Barclays was hit with a major lawsuit by New York Attorney General Eric Schneiderman, who alleged the bank “favored high-frequency traders in its dark pool and then lied to clients about their participation in the trading venue.” It wasn’t a great look for the Brits and it came at an especially awkward time for chief executive officer Antony Jenkins, who was supposed to be making the place less fraud friendly than it was under his predecessor. And while the bank has its own lawyers on payroll, who have already responded to the charges, one guy who knows from lawsuits has chosen to offer his unsolicited counsel nevertheless. Read more »

  • 20 May 2014 at 9:23 AM

Jamie Dimon Has A Five-Year Plan

JP Morgan Chase & Co. Chief Executive Officer James Dimon has told investors he wants to stay with the largest U.S. bank for as many as five more years, according to people familiar with the conversation. “I’m going nowhere,” Mr. Dimon said during an April 23 lunch at a hotel overlooking Boston Harbor, according to people who attended…The new clarity is a contrast to comments made by the 58-year-old Mr. Dimon a year ago as he hinted in a private meeting with investors he might leave the bank if shareholders voted to separate his roles of chief executive and chairman, according to people familiar with that conversation. [WSJ]

  • 07 May 2014 at 4:08 PM

Glass Lewis Wants To Know Where JPMorgan Gets Off

…paying its top executives like they’re hot shit, when, in reality, they’re no better than, I don’t know, Citigroup. Read more »

JPMorgan Chase & Co., the biggest U.S. bank by assets, had a “tin ear” when dealing with regulators before settling probes into mortgage lapses and trading losses, Chief Executive Officer Jamie Dimon said. “Our response generally was, ‘We know what we’re doing,’” Dimon wrote today in a letter to the New York-based bank’s investors. “Well, we should have done more self-examination. We need to be better listeners.” [...] The bank missed signals when rivals faced scrutiny and must “do a better job at examining critiques of others so we can learn from other people’s mistakes, too,” he said. [Bloomberg]

  • 11 Feb 2014 at 2:23 PM

Make John Mack’s Day: Give Jamie and Lloyd A Break

In an interview on Bloomberg TV, John J. Mack, the former chairman and chief executive of Morgan Stanley, called for an end to the harsh words that have been hurled at Mr. Dimon and Lloyd C. Blankfein, Goldman Sachs’s chief executive, over their pay…He said he would love to see people “stop beating up on Lloyd and Jamie.” He added: “I think that would make a lot of sense, and I’m in favor of that.” [Dealbook] Read more »

But a confidential email has emerged that shows a top Chinese regulator directly asked Jamie Dimon, the bank’s chief executive, for a “favor” to hire a young job applicant. The applicant, a family friend of the regulator, now works at JPMorgan. Mr. Dimon met the applicant in June 2012, according to interviews and the previously unreported email, one of several documents that JPMorgan recently turned over to federal authorities as part of an investigation into hiring at the bank. At the meeting with Mr. Dimon in New York, the applicant acted as an interpreter for the Chinese insurance regulator. JPMorgan bankers in Hong Kong, hoping to help her job prospects, knew in advance that she would attend…As the meeting with Mr. Dimon was wrapping up, interviews and the confidential email show, Mr. Xiang changed the subject to his young interpreter. He introduced her to Mr. Dimon and portrayed her as the daughter of a close friend and a potential JPMorgan employee. In an awkward moment for the applicant, she translated as Mr. Xiang extolled the benefits of hiring her. [Dealbook]