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June 14, 2012

"Never, ever get complacent in risk." That was JPMorgan Chase CEO Jamie Dimon’s reply to Alabaman Senator Richard C. Shelby during his testimony before the Senate Banking Committee. Dimon willingly submitted to questions, regarding $2 billion in losses suffered by the bank’s investment division, from the committee Wednesday. source

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18:01 // 1 year ago
June 13, 2012

Video of the morning: As JPMorgan Chase head Jamie Dimon was getting grilled in front of the Senate Banking Committee, a bunch of liberal activists showed up, shouting “STOP FORECLOSURES NOW!” (among other things) before getting kicked out. In case you’d like to watch this ongoing event, click over here.

11:18 // 1 year ago
May 21, 2012

More trouble on the horizon for JPMorgan Chase

  • last week A $2 billion trading loss, amid word the JPMorgan Chase pushed for a loosening of Dodd-Frank, led to the firing of Chief Investment Officer Ina Drew. The company also announced that Chief Executive Officer Jamie Dimon would testify before Congress.
  • this week The Commodity Futures Trading Commission is starting an investigation, too. Chairman Gary Gensler confirmed the existence of an “investigation related to credit derivative products,” at a Financial Industry Regulatory Authority conference.  source

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16:03 // 1 year ago
May 17, 2012
17:44 // 1 year ago
May 15, 2012
reuters:

Shareholders in JPMorgan Chase & Co on Tuesday rejected a proposal calling on the company to split the roles of chairman and chief executive, a victory for incumbent Jamie Dimon.
The proposal received some 40.1 percent of votes cast in favor, the company said at the end of its annual meeting.
DEVELOPING: JPMorgan shareholders reject chairman/CEO split

This guy hasn’t had a good week.

reuters:

Shareholders in JPMorgan Chase & Co on Tuesday rejected a proposal calling on the company to split the roles of chairman and chief executive, a victory for incumbent Jamie Dimon.

The proposal received some 40.1 percent of votes cast in favor, the company said at the end of its annual meeting.

DEVELOPING: JPMorgan shareholders reject chairman/CEO split

This guy hasn’t had a good week.

11:48 // 1 year ago