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June 14, 2012
18:01 • 11 months ago
Tags: business Jamie Dimon jpmorgan chase News Politics senate banking committee u.s. senate

JPMorgan Chase: CEO tells Senate committee that no one is “too big to fail”

“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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June 13, 2012
11:18 • 11 months ago
Tags: jpmorgan chase jpmorgan jamie dimon congress senate banking committee stop foreclosures now

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.

May 21, 2012
16:03 • 12 months ago

More trouble on the horizon for JPMorgan Chase

Tags: banking business CFTC Commodity Futures Trading Commission Jamie Dimon jpmorgan chase News Volcker Rule

  • 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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May 17, 2012
17:44 • 1 year ago

JPMorgan Chase CEO Jamie Dimon to testify before Congress

Tags: business dodd-frank Jamie Dimon jp morgan jpmorgan chase News Politics senate banking committee u.s. senate

  • last week News broke that a a trading error by JPMorgan Chase led to at least $2 billion in losses for the company. Chief Investment Officer Ina Drew, one of the highest-paid female execs in the financial industry, was let go as a result.
  • today The Senate Banking Committee announced that JP Morgan Chase CEO Jamie Dimon has been invited to testify on the matter after a series of hearings on Dodd-Frank’s new regulations, which should end on June 6. source

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May 15, 2012
11:48 • 1 year ago
Tags: business jpmorgan chase chase bank jpmorgan chase jamie dimon from reuters
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.

 

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