He’s got this.
JPMorgan Chase Chief Executive Officer Jamie Dimon has the experience needed to manage the fallout from trading losses, and market disruptions haven’t been serious, Bank of America CEO Brian T. Moynihan said today. Trading didn’t freeze and markets behaved “reasonably well” given the circumstances after Dimon disclosed at least $2 billion in trading losses at JPMorgan’s chief investment office, Moynihan said today at a Manhattan investor conference. Dimon has shown he’s got the skills to handle the affair, said Moynihan, whose Charlotte, North Carolina-based bank ranks second by assets behind New York-based JPMorgan.
Perhaps you’ve competed in on the job eating challenges before, maybe even successfully. A few Double Downs here, a couple of vending machine items there. Probably felt pretty good about yourself, too. “I can shovel food down my mouth like a pro,” you might have said to a colleague who was equally impressed by your […]