JPMorgan

JPM corporate challengeRegulators want detailed plans about protecting your free tee-shirts from Russian hackers, too. Read more »

  • 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]

rbsIf you’re going to team up with other banks to manipulate interest rates and engage in other shady behavior, just make sure to be the first one to go to regulators and let them know what you’ve all been up to. Read more »

Government auditors are investigating exclusive contracts held by Bank of America Corp. and JPMorgan Chase & Co. to provide financial services inside federal prisons…Bank of America has been paid at least $76.3 million by Treasury to manage inmates’ accounts, money transfers, email service and other technology inside the 121 facilities managed by the Federal Bureau of Prisons. The contract has been amended 22 times since it was awarded without competitive bidding in 2000. The accounts hold the money inmates earn from prison jobs paying as little as 12 cents an hour and supplemental funds sent by family and friends. Inmates use the money for clothing, phone calls, food and other expenses. Treasury says the payments to Bank of America were reimbursed by the Department of Justice, the Bureau of Prisons’ parent agency. JPMorgan issues debit cards to inmates when they are released that contain the balance remaining in their prison accounts. JPMorgan’s original contract was awarded in 1998 and amended at least 14 times. It was re-upped in 2008 and amended at least four times since then. [Center For Public Integrity]

It’s a swell time to be an investment banker at the House of Morgan. Bond traders at JP Morgan? Better luck next time. Read more »

Unless you’ve avoided Facebook or other forms of social media these last couple weeks, you know that people are raising money for ALS by dumping buckets of ice water on their heads. As a fan of water-based challenges and an opponent of terrible diseases, this thing was right in JP Morgan’s wheelhouse. A firm-wide email was sent around yesterday asking people to sign up to get dumped on today at 3PM outside the 270 Park Ave HQ, with $100 donated for every participant (total amount donated was $150,000). The bank “provided big individual orange buckets for all, as well as free tee-shirts.” Read more »

It’s called orientation and training and it’s such a rare and unique time in junior mistmakers’ lives that one guy recounted his own experience to Dealbook as though it was the greatest thing that ever happened to him. Read more »